Abolition of contracting out

For many years investors have been able to contract out of the State Second Pension (S2P) and previously the State Earnings Related Pension Scheme (SERPS)  by receiving a rebate of their national insurance into their own personal pension. The Government propose to...

Release your Pension Fund

This sounds such an appealing idea, for many of us getting our hands on a large amount of money may be life changing but then what? If you spend your pension fund what are you going to live on as you get older? Or if you draw down the fund have you considered the...
Thoughts for April

Thoughts for April

Thoughts at the beginning of April   We are now recovering from all the end of tax year activity and some clients are keen to get investing in ISAS for the new tax year at the new increased rate of £10,680 – so there is no respite for the staff who are now...

The New Tax Year

As we near the end of the tax year, it is relevant to remind you of the changes which will occur in the new tax year. Personal Allowances The first change is in fact a “no change” because the personal allowances and tax bands are being frozen for the tax...