The new pension freedoms are prompting individuals to ask whether their pension fund might be better used elsewhere.
With the recent annual Autumn Statement by The Chancellor of the Exchequer, George Osborne, you can expect stamp duty changes to soon dominate the news headlines. Here, we’ll run through the four key changes you need to tell your clients about.
Very occasionally I come across an adviser firm really putting technology at the heart of everything they do. When I do, it can be very inspiring.
Study reveals ignorance of state pension reforms
Professional Adviser | 18 Nov 2014 | 08:03
Author: Professional Adviser
Almost half of people are unaware how changes to the state pension will affect them with just over 500 days to go until historic reforms are introduced, research suggests.
Last week we shared with you some of the exciting changes that are being introduced in the pension arena which now mean you have far more FREEDOM and CONTROL over your retirement savings. Just to follow up we wanted to get you thinking about what new options could you be thinking about…..
Last week we shared with you some of the exciting changes that are being introduced in the pension arena which now mean you have far more FREEDOM and CONTROL over your retirement savings. Just to follow up we wanted to get you thinking about what new options could you be thinking about….
People with defined contribution pension savings will no longer have to worry about their pension savings being taxed at 55% on death.
The Chancellor today (Monday 29 September) announced that from April 2015 individuals will have the freedom to pass on their unused defined contribution pension to any nominated beneficiary when they die, rather than paying the 55% tax charge which currently applies to pensions passed on at death.
We’re completely overhauling the system so you can take your pension how you like
In order to create greater choice and flexibility for people who have saved hard for their pension, we announced at Budget 2014 a series of changes to how people access their pension.
From April 2015, no matter how much you decide to take out from your pension after retirement, withdrawals from your pension will be treated as income; the amount of tax you will pay on what you withdraw will depend on the amount of other income you have in that year. This is instead of being taxed 55% for full withdrawal, as it has been previously.
Nick Kelly and his team at plan to attract new clients with their pioneering use of technology and virtual advice.
Nick Kelly, chief executive of fledgling national IFA , has relished the opportunity to start with a blank sheet in the retail distribution review (RDR) world.
Alexander House Financial Services, the advice firm launched last year by former Sesame Bankhall Group distribution director Nick Kelly, has joined network Caerus Capital Group.