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Housing Market, Mortgages and Later Life Lending
Market Overview The housing market remains buoyant, driven largely by the Stamp Duty holiday due to be phased out by 1st October ‘21. The Pandemic has also created a lot of home movers who wanted to change their own living circumstances. House prices have been...
Women lagging behind in Financial Planning
Men undertake financial planning duties more than women, Money Management data shows. According to a survey conducted at least 43 per cent of advisers said it is generally men among married couples who take the lead in planning. As women statistically live longer than...
Taxation of pension income
Key points You can currently access your pension pot from age 55, at which point you can take up to 25% of your pension fund value as tax-free cash, either as a lump sum or regular income. The remainder of the funds left in your pension pot are then taxable as income...
Raising capital to ease your finances – Equity Release v Pension Drawdown.
Many households are facing financial struggles and are looking at ways to generate capital and/or income. Two options that may be available for the over 55’s are to either release equity from their property of take capital or income from their pension pots. Both...
Inheritance ISAs
Inheritance ISAs – the new(ish) rules Did you know that you can inherit your partner's ISA savings? New rules effective from April 2015 that mean ISA assets can now be passed to spouses/civil partners and keep their tax-friendly status. However many people are unaware...
ISA transfers: How do you move on?
ISA transfers: How do you move on? Are your ISA’s working for you? Sometimes, having owned your Individual Savings Account (ISA) for a few years, you might notice that the interest or underlying investments no longer give you the return that you need. You may have...
Make the most of your ISA allowance while you can!
Make the most of your ISA allowance while you can! Are you using your ISA allowances each tax year? You wouldn't want to miss out on a year's worth of tax efficiency, so now's the time to take a look at your savings and move your money within the tax efficient...
Couples splitting up or going through divorce
Couples splitting up or going through divorce don't discuss pensions leaving women thousands out of pocket. • Couples prioritise splitting property and savings and even who keeps the pets • But just 9% would want a fair share of their partner’s pension if they...
Young workers heading into a pension shortfall by not saving enough
Young workers heading into a pension shortfall by not saving enough SEVEN in 10 younger workers are heading towards a £9,000 cash shortfall in their pension because they are not saving enough, experts have warned. Those aged under 30 typically expect an annual income...
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