It is estimated that approximately 800,000 people below the State Pension Age are in receipt of pension income and may be paying tax even though their total income is below the personal allowance. This is according to recent information published by pension provider,...
For the last three tax year’s the maximum amount that could be invested into a pension each year has been set at £40,000 (called the Annual Allowance). However, if you are a higher earner, the amount that can be invested in this tax year that will benefit from tax...
I am concerned to put it mildly. In fact it’s always been a major concern of mine. You may be wondering what I am talking about. What I am talking about is the new ‘pension freedom’ rules and the possibility that people miscalculate how much they can...
I get asked this question all of the time and it is often from people who are hitting a mid point in their lives and they are perhaps behind the curve a little. The question is this. Should I being saving up spare money/cash that I have now or should I be saving for...
It’s easy to forget about pensions and it’s even easier to forget what pensions you have got if you have acquired a few over the years. I often meet new people who have half a dozen pensions from various employments. As pensions are a dry if not uninteresting subject,...
