Lost pensions – there is a lot of money out there waiting to be claimed

Lost pensions – there is a lot of money out there waiting to be claimed
Many thousands of people could be owed as much as millions in so called ‘lost’ company and personal pensions. Simply moving house and not informing …

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Is higher rate tax relief on pensions about to get removed?

There is no doubt that many and even some in the coalition would like to abolish higher-rate tax relief on pensions. Higher rate tax relief on pensions is normally claimed through an adjustment to your tax code, which incidentally needs …

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NEST Pension schemes – do you know the facts?

What is a NEST pension and how does it affect me as an employer?

NEST is a new type of pension scheme to be launched in October 2012 for larger employers and will affect all employers by 2016. Just to …

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Year end tax planning for 2012

The tax year end may see a long way off, however don’t leave your planning until the last minute.

 
Use your annual ISA allowance

 
The most obvious tax planning to be done before the end of the tax …

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Do you know what your new State Pension age is?

State Pension Age is on the rise for most of us, but how many of us actually know the date. From our experience not all that many and when we take on new clients its often one of the first …

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Have you got your State Pension forecast?

Do you know how much State Pension you may get, and when? This is really important for all of use to know well in advance of us reaching State Retirement Age.

The law has recently changed and there may have …

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Flexible Drawdown – Part 2

Here are a few advantages and disadvantages of Flexible Drawdown.

Advantages

  • Maximum tax-free cash lump sum can be taken at outset.
  • The amount of income withdrawn can be varied each year to suit your circumstances.
  • The remainder of the fund

    • …

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Flexible Drawdown – Part 1


If you have pension income of over £20,000 per year (Minimum Income Requirement) you are now allowed to take unlimited amounts of income from their pension funds, subject to tax at your marginal rate.

It is only available if you …

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Rangers Football Club and employee benefits trusts

 

It’s happened to one of the biggest clubs in Britain. Rangers Football Club has entered administration and is awaiting the verdict from the HMRC tax tribunal, concerning the use of employee benefit trusts (EBT) for its players and probably …

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Pension Reciprocation – Financial Health Warning

 

Since the middle of 2011 some companies have been promoting Pension Release or similarly worded methods of extracting money from existing pension plans for those under the age of 55. Additionally they are also offering the option of extracting …

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