News headlines of tax avoidances schemes can be unsettling, especially if you worked to protect the assets you have a built up over many years to go to your chosen beneficiaries rather the tax man.
Investments made through pension wrappers have reached a new high of £13.4bn in the third quarter of 2017, up 66.3 per cent on last year.*
The figures showed the amounts coming into pensions through transfers was particularly high. For instance, transfers into self-invested personal pensions (SIPP) more than doubled over the past 12 months to reach £1.9bn.
What did the Chancellor say about pensions and ISAs in his autumn budget? Neil MacGillivray of James Hay Partnership explains why a combination of the two is essential for retirement planning. James Hay Partnership is an investment partner of Wren Sterling.
Venture Capital Trusts were once considered ‘niche’ investments, but recent events have put them on the radar of a much greater number of UK investors, explains Stuart Lewis of Octopus Investments.
The Bank of Mum and Dad is now our ninth largest mortgage provider, up a place in the rankings from the year before. And the parental (and grand parental) generosity doesn’t stop there. Justin Urquhart Stewart, of Seven Investment Management, expands on families financial habits.
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.
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.
Some clients have retired when they begin to plan for IHT. For some, this may be too late, as this raises the possibility of being taxed on gifts already made as they’re more likely to die within the seven year timeframe for tax-free gifting. Find out more in this article on the essentials of gifting.
ISA or pension – which is better? What a question. The answer to this will depend on you, but as these products work in slightly different ways, we’ll cover a few of the advantages to these products in this article.
If you’re looking to expand and diversify your portfolio, supplement a pension, or benefit from government tax incentives, you might wish to consider Venture Capital Trusts (VCTs).