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Budget 2021 – what it means for your finances
BUDGET 2021 - WHAT IT MEANS FOR YOUR FINANCESThis article explores the major changes announced in the Budget of 3rd March 2021, and in particular the effect on your personal finances. This article refers to the position in England & Wales. Click the video below to...
Investing Money – how to invest
Investing Money - how to investInvesting money can be daunting for beginners. This article explores how to invest your money, from basic concepts to professional, expert tips on investing. Who should read this article? This article will be useful if you are interested...
Dealing with a financial emergency
DEALING WITH A FINANCIAL CRISISThe recent Coronavirus pandemic has left us all feeling financially vulnerable, no matter what our situation. This article aims to provide some practical support with how to deal with a financial emergency. We take you through...
Emergency fund – savings for unexpected costs
Your Emergency Fund An emergency fund is a pot of money you should have available for use if an unexpected bill comes your way. This is one of the most important elements of your financial planning. Everyone should have an emergency fund, but most people do not have...
Continuing Account of a Deceased Investor (CADI)
CONTINUING ACCOUNT OF A DECEASED INVESTOR Since April 2018 the rules have changed on how ISAs can be passed on to spouses and civil partners on death. The rules allow for a continuing account of a deceased investor (CADI). These changes improve the rules on Additional...
ISA season
WHY ISA SEASON IS IN APRIL, NOT MARCH Have you heard of 'ISA season'? Every March, just before the end of the tax year, we read in the financial press about how you should 'use your ISA allowance, or lose it'. This article explains the flaw in the logic of ISA season,...
4 expert strategies for tax-free pension withdrawals
4 EXPERT STRATEGIES FOR TAX-FREE PENSION WITHDRAWALS If you want to access your flexible pensions for capital or income you should think carefully about how to access your money. This article explores 4 strategies to get tax-free pension withdrawals, and also 2...
Pension withdrawals – 12 crucial considerations
Before you take any pension withdrawals, read this article. You have been saving for years, and it is your money, so why shouldn't you withdraw money from your pension? We examine 12 crucial considerations to think about before you take pension withdrawals. A recent...
Pension tapered annual allowance for high earners
The pension tapered annual allowance is a serious issue if you earn a high income. It could lead to significant extra tax bills. If your total income is greater than £240,000, and you pay into a pension plan, you need to be aware of the pension tapered annual...
Pension lifetime allowance to reduce
The March 2015 Budget introduced that the pension lifetime allowance will reduce to £1 million from April 2016. Tweet this These changes will be important to you if your existing pension funds are near this level, or are likely to do so in the future. Key points:...
Using Bonus sacrifice to save tax
Read how Michael used bonus sacrifice to generate a 106% saving by paying part of his bonus into his pension. You can make huge savings in tax by using bonus sacrifice to pay into your pension plan. Are you a high earning employee who receives a bonus? Do you like...
Child benefit higher rate tax payers
This article focuses on the reduction in child benefit for higher rate income tax payers in the UK, and ways you could consider action to continue to be eligible for this benefit. Taking action in this area could allow you to gain substantial benefits.The child...
NHS pension scheme for doctors & dentists – proposed final agreement
This article should be useful to those interested in the NHS pension scheme for doctors and dentists in England & Wales as it contains details of the NHS pension scheme proposed final agreement. It is proposed that these changes will take place from 2015.Main...
NHS pension scheme for GPs and doctors
The NHS pension scheme for GPs and Doctors - what you need to know This article explains some of the main differences between the different NHS pension schemes for GPs and doctors.Medical practitioners fit into your own area of the NHS pension scheme, as detailed...
