Does David Cameron understand his own pension reforms?

Does David Cameron understand his own pension reformsPensions are complex at the best of times and you could be forgiven for getting confused from time to time. Indeed, one of the reasons many people are ‘turned-off’ by pensions is due to their complexity. But, you would expect the Prime Minister to understand his own pension reforms, especially when he is so keen to promote them. However, his guest blog on Money Saving Expert, published earlier this week, contains clear mistakes, which highlight the importance of getting the detail right when it comes ...

Budget 2014: Winners and Losers

Investment Sense Verdict_istock George Osborne certainly pulled some rabbits from the hat in his latest Budget. In fact, if you are a saver or have a pension, then today’s Budget will go down as the most significant in a generation. So, who are the winners and who lost out? We reveal all. Budget 2014: WinnersWinners Prospective pensioners When you get to retirement and need to convert your pension pot into an income, you ...

Budget 2012: Stamp Duty crackdown

The Chancellor, George Osborne, has said that he will be “coming after” those people who try and avoid Stamp Duty and that he will announce “aggressive” new measures in this week’s budget. Stamp Duty is paid on property purchases above £125,000 where the duty is charged at 1%, however above £1 million this rises to 5%. Stamp Duty is also paid when shares are bought, but at a much lower rate of 0.5%. The past few years has seen a significant rise in Stamp Duty avoidance with some wealthy homeowners using an offshore company to buy property in the UK and avoiding ...