Don’t miss the deadline to boost your State Pension

The Government has offered up to 12 million Pensioners the chance to convert a lump sum into a guaranteed income for life, on terms significantly better than those available on the open market. The scheme is available to people who retired on the old basic State Pension of around £120 per week, and who therefore miss out on the higher, flat rate pension, of £155.65, introduced in 2016. But time is running out as the scheme closes on 5th April 2017.   How does the scheme work? To qualify you must be entitled to the State ...

Buy to Let: 6 tips for dealing with the tax changes

tax increase 3d silver badge with blue ribbon George Osborne’s first Budget since the election contained something of a bombshell for Buy to Let investors. One of the attractions of Buy to Let investing is the ability for investors to offset mortgage interest against the income they receive. Opponents of the system have long since argued that it gives Buy to Let investors an unfair advantage against owner occupiers, especially first time buyers. On the other hand, Buy to Let investors argue all businesses can offset debt interest against turnover and it ...

Pension Freedom leads to Government windfall

Pension Freedom leads to Government windfallWhen Pension Freedom was first announced by George Osborne, in the spring of 2014, many commentators remarked that giving people greater access to their pensions, whilst raising additional revenue for the Treasury, was a clever move. New figures have now revealed the likely extent of the windfall to the Treasury and it’s far greater than had previously been predicted. George Osborne had indicated that in the first year Pension Freedom would raise £415 million. However, new figures from Hymans Robertson, a pension consultancy, estimate that a total ...

Automatic Enrolment: 5 reasons why your younger workers shouldn’t miss out

Automatic Enrolment: 5 reasons why your younger workers shouldn’t miss outNew research has shown that whilst many more people are saving for retirement, younger workers are still lagging behind. The research from Scottish Widows has shown that just two years in, Automatic Enrolment looks to be succeeding in helping more people save for retirement. According to the report:   50% of people earning between £10,000 and £30,000 a year are now saving adequately for retirement, up from 34% in 2012 The number of people aged between 30 and 49 saving enough for retirement has ...