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.
Will the annuity market bounce back? Analysts at RBC Capital Markets think so. Pensions freedom may have given savers more options, but annuities remain a useful tool to ensure a steady stream of income in retirement.
Savings and investments are terms regularly used when creating financial plans. They are two unique products, so it’s important to understand the differences between them and how they work as a combination to achieve your financial goals.
Tax Tip: Arrange for your company to buy your shares to help solve your business succession planning problem. On retirement, you may want your younger colleagues to make you a cash offer for your shares. However, they may not have sufficient cash resources to do so. One solution is for the company itself to buy your shares [...]