Final Salary transfers: The top five reasons for transferring (and the top five reasons not to)

Final Salary transfers: The top five reasons for transferring (and the top five reasons not to)There are 11 million members of Final Salary pensions (we’ll use that term for simplicity) in the UK. These schemes provide a guaranteed income, which is usually protected against the ravages of inflation. Consequently, it was normal in years gone by, to leave them in place, indeed, in the vast majority of cases that is still the best thing to do as transferring to an alternative arrangement means losing the guaranteed, inflation-proofed, income. However, the introduction ...

Retirement: Millions rely on receiving an inheritance to fund their retirement

Millions rely on receiving an inheritance to fund their retirement 150pxDespite the introduction of Pension Freedom, new research has revealed that millions of people will only have a financially comfortable retirement if they receive an inheritance. The research, which surveyed 2,000 people, of which 25% have already retired, was conducted for the pension provider, LV=. It found that 35% of working people are reliant on receiving an inheritance to secure a financially stable retirement. At the same time 20% of people surveyed, who are still working, won’t be able to comfortably retire ...

Budget 2014: Thinking of taking your pension as a lump sum and investing in Buy to Let? Read on and think again

Tiny Houses 2The ink on the Chancellor’s Budget had hardly dried, as people began to speculate the proposed changes to pension rules, would mean more people jumping on the Buy to Let bandwagon. In fact, you could almost feel some estate agents get giddy with excitement, at the thought of a new market to take advantage of. Confused about the Budget? Our advisers can help you make sense of the ...

Tax: Inheritance tax bills at highest levels for six years

taxesNew figures show the amount of money being paid in Inheritance Tax has risen to levels not seen since the financial crisis. Figures from the Office for National Statistics (ONS), show the amount of Inheritance Tax (IHT) collected rose to £3.1 billion in the 2012/13 tax year, up from £2.9 billion in the previous year. Whilst receipts from IHT still dwarf those from Income Tax and National Insurance, they have now risen for the last three years and are up by nearly ...