How much tax-free cash can you unlock from pensions via the new lump sum allowance?
The scrapping of the lifetime allowance (LTA) in the 2023 Spring Budget created a number of new planning opportunities for pension savers who may have reached the LTA limit, but not taken their full tax-free cash entitlement.
Constructing a retirement plan: How to avoid the most common mistakes
An effective retirement plan can help you accumulate wealth tax-efficiently, and ensure you are in the best possible shape for retirement. But there are pitfalls to watch out for. This article highlights some common retirement mistakes.
Financial planning can help small business owners navigate their company ‘life cycle’
From inception and growth to risk management, strategic investments, and exit planning, expert, independent advice can help to steer a business towards financial success.
Keep your wealth ‘engine’ running smoothly with a financial MOT
Just as your car needs an annual MOT, it’s important to look under the bonnet and ensure your financial ’engine’ is in good working order. A new tax year provides a natural opportunity to take stock of your wealth-building strategy.
Don’t inadvertently limit yourself to £10,000 pension contributions
Accessing pension benefits can come with a major trap. Triggering the Money Purchase Annual Allowance places a limit on all further contributions.
How small business owners can get ‘cut-price’ insurance against a serious illness
Directors can cut the net-of-tax costs of insurance through a company policy. Cover can include cancer, heart attacks and other critical illnesses.
Financial planning for small business owners: Tips for cutting your tax bill
How can family-run businesses navigate the tax maze and implement financial efficiencies, while also incorporating a robust succession plan?
The McCloud Judgement – does this affect your pension?
Host and Senior Chartered Financial Planner James Corcoran is joined by Pensions Actuary Wendy Beaver to discuss a big issue affecting many people in the country right now, the McCloud judgement. What is it and does it affect you? Listen and find out. Please be aware that anything discussed on this podcast should not be […]
Key tips for cutting your tax bill before the end of the tax year
Counter the cost of living squeeze by making full use of available annual allowances and exemptions. Substantial savings can be made by optimising pensions and ISAs, and by disciplined use of your capital gains tax exemption.
Pursue your personal investment strategy by bringing pensions together
Combining old ‘defined contribution’ pension schemes into one plan can lead to a reduced administrative burden, lower fees, and better long-term investment outcomes.
