Our top tips for financial planning in 2020, highlighting the recent updates to pensions.
In recent years final salary pension schemes have been phased out by employers because people are living for longer and the uncrystallised liabilities are wreaking havoc with corporate balance sheets. Robert Blumberger explains why this is happening and sounds a cautionary note for those attracted to the idea of transferring.
New rules mean that 95% of taxpayers should no longer need to pay tax on their savings income. But those who now earn more in interest than the new Personal Savings Allowance may have had a letter from HMRC. Find out more about the recent changes here.
Are you a Company Director? Did you know you could have more options than employees when it comes to financial planning – because you can utilise your business to create a remuneration strategy?
As new pension drawdown options grow in popularity, earlier this year the Government implemented a change to the limit of how much you can pay into your Money Purchase Pension Scheme, reducing it from £10,000 to £4,000.