Pensions Archives - Page 24 of 25

Pensions, Tax Mitigation, Inheritance Tax

Can I use my pension to reduce my inheritance tax bill?

6 min Read 15 Nov 2024

Private pensions currently sit outside of your estate for inheritance tax (IHT) purposes but this is due to change in...

Pensions

Vanguard SIPP review: Is it the best low-cost personal pension?

By Damien Fahy

8 min Read 12 Nov 2024

Vanguard launched its Vanguard Investor platform in the UK in May 2017, initially offering an ISA, a Junior ISA...

Pensions

Best ready-made pension

By Joel Kempson

8 min Read 10 Nov 2024

A ready-made pension can eliminate one of the main concerns you might have about saving for retirement: the hassle. You...

Pensions, Tax Mitigation, Investing, Tips, Tax

Money tip #69 - How those nearing retirement could bag themselves a quick guaranteed 20% investment return thanks to the tax man

By Damien Fahy

1 min Read 21 May 2010

Following my posts Money tip #67 – Make pension contributions on behalf of your spouse and children and get tax relief even though they don’t pay tax! and Money tip#68 – How you could be entitled to take your entire pension fund as a one-off cash lump sum they lead on to...

Pensions, Tax Mitigation, Investing, Tips, Tax

Money tip#68 - How you could be entitled to take your entire pension fund as a one-off cash lump sum

By Damien Fahy

2 min Read 20 May 2010

(Article updated 6th December 2011) Under current UK pensions legislation your pension fund ultimately has to provide you with a retirement income. Alternatively, it is possible to take a small slice of your fund as a tax-free lump sum (usually 25%) while the balance is used to purchase an income....

News, Pensions, Investing

UK inflation hits 17-month high and what savers can do about it

By Damien Fahy

2 min Read 18 May 2010

UK inflation accelerated again in April to hit its highest rate in 17 months, official figures show.

News, Pensions, Inheritance Tax, Investing, Tax, Owning A Home

How will the coalition government affect your finances?

By Damien Fahy

2 min Read 14 May 2010

So we now have a coalition government. But while Nick and Dave gazed lovingly at each other for the cameras, elsewhere analysts have been pouring over the coalition agreement and...

Pensions, Tax Mitigation, Investing, Tips, Tax

Money tip #67 - Make pension contributions on behalf of your spouse and children and get tax relief even though they don’t pay tax!

By Damien Fahy

1 min Read 13 May 2010

Update 22nd July 2013 This particular idea has been raised before on this blog but I felt it deserved to be a tip in its own right, so that I could add some meat to it.

Pensions, Investing, Tips

Money tip #62 – Find a lost pension fund and get an unexpected windfall

By Damien Fahy

1 min Read 11 May 2010

As you change jobs throughout your working life it is easy to lose track of a pension contract, particularly if you changed jobs regularly. If you also take into account the number of address changes most people have it’s no wonder that there are millions of pounds worth of unclaimed...

Pensions, Tax Mitigation, Investing, Tips, Tax

Money tip #32 - Pay into a pension

By Damien Fahy

4 min Read 08 Apr 2010

Pensions offer a tax efficient way to invest for your retirement. Not only do the funds within a pension grow free of any income or capital gains tax but any contributions you make into the plan receive income tax relief at your highest marginal rate.

News, Pensions, Account & Rates, The Budget 2010, Investing, Saving For Your Future

What the new tax year changes mean for your personal finances

By Damien Fahy

1 min read 06 Apr 2010

Happy new tax year! The arrival of the new tax year means some big changes to the nation's personal finances, most notably the introduction of the 50% income tax band for top earners. The BBC have pulled together the changes in a neat table which I have included below.

News, Pensions, Investing, Mortgages, Using Credit, Owning A Home

Inflation falls back to 3% allaying interest rate rise fears

By Damien Fahy

2 min Read 23 Mar 2010

The UK inflation rate fell to 3% in February from 3.5% the month before, official figures have shown. The key facts are:

News, Pensions, Investing

Newsflash: Light at the end of the pension tunnel for high earners

By Damien Fahy

1 min read 02 Mar 2010

The Treasury has accepted ‘in principle’ pension proposals from the Tax Incentivised Savings Associaton (Tisa) to reduce the annual allowance and restore higher rate tax relief. Tisa director of retirement planning Malcolm Small believes it has enough support for its pension reforms to see it become Treasury policy later this year. The...

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