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FINANCIAL ADVISER BLOG

Cashing in on the New NISA

For decades now, successive governments have aimed to encourage saving. Arguably it is very much in their interests to do so. People with savings, pretty much by definition, are less likely to run into financial difficulties. This means that they are also less likely to need state benefits. In recent years, governments have made particular efforts to encourage saving for retirement (“We're all in!”). While pensions have been the most traditional form of retirement savings, NISAs may also be worth investigating too. The start of the ISA age ISAs were introduced way back in 1999. Then as now they essentially provided a tax-efficient wrapper for savings and investments. To begin with the

How Much Should You Take Out of Your Pension Pot?

No one is as wise, prudent or capable of self restraint as they think they are. When we think of a large sum of money, £100,000 say, we tend to think in terms of what it might buy: An incredible car, several years travelling round the world, a large new extension transforming our house into a dream home, or continued financial security in our old age? The latter is, of course, less exciting, less glamorous, and less fun, but far more important, which is why, after 6th April this year, savers who become eligible to draw down their pensions need to exercise a degree of caution. Last March the Chancellor of the Exchequer, George Osborne, announced that annuities, the insurance policy taken out

How to Benefit From the New Pension Rules

Here’s an unsettling mortal thought: When do you think you are going to die? It’s a question we generally seek to avoid, though thanks to recent changes in the pension market, it’s a question that’s taken on a new significance. Decades ago, one retired at sixty five and, on average, drew a decade of pension entitlement before departing for the sweet hereafter. In 2015, some of these certainties have gone. Not only are many of us taking early retirement, but equally as many are facing a future where they will have to work on for many years. We have longer life expectancies than ever before and this means longer retirements to plan for. As of March last year, and coming into effect from 6th Ap

What the General Election Means for Your Wealth

With the General Election now less than 100 days away, the contenders are throwing their economic hats into the ring. Although none of the 3 main parties has provided a manifesto as yet, they have all been giving their views on tax and spending and reducing the UK deficit. Here is a quick overview to where the three main parties stand on balancing the UK's books. The Liberal Democrats The Liberal Democrats plan to increase the amount lower earners can take home by raising the personal allowance to £11K in their first year of office and then to £12.5K by the end of their (first) term. Whilst they, unlike Labour, have not (yet) suggested bringing back the 50p tax rate on incomes over £150K p

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