Monthly Archives: July 2014

Budget tax trap on pension withdrawals

Posted on July 3, 2014 by - News, Retirement

Helping you to understand the increased flexibility and choice available to you

The Budget announced unprecedented flexibility and choice in how people can use their pension savings in the future. From 6 April 2015, people over 55 can choose to withdraw their pension savings as they wish, although this will be subject to their marginal rate of income tax in that year. (more…)

Future pension savings

Posted on July 3, 2014 by - News, Retirement

New freedom could still prove costly

The Budget 2014 announced unprecedented flexibility and choice in how people can use their pension savings in the future. From 6 April 2015, people over 55 can choose to withdraw their pension savings as they wish, although this will be subject to their marginal rate of income tax in that year. (more…)

Wealth planning strategy comes under scrutiny

Posted on July 3, 2014 by - News, Wealth Creation

Concerns a tax planning arrangement was being abused

HM Revenue & Customs (HMRC) has confirmed that new proposals for a single nil rate Inheritance Tax (IHT) band for trusts will not be applied to existing trust arrangements, where no further assets are added or variations made to that trust. (more…)

Yo-yo effect

Posted on July 3, 2014 by - News, Wealth Creation

Why so many of us are financially uncertain

Almost half (47%) of Britons are up and down when it comes to money, making shrewd savings one moment to justify overspending the next, according to research from Standard Life┬áby YouGov Plc. (more…)