Thoughts for the holiday season – Part 2: Why a pension is the best gift for your grandchildren When three generations holiday together most families end up talking about how the grandchildren are going to manage financially. A pension started early is one answer, and it’s simpler to set up than you might expect. Loving …
Thoughts for the holiday season: Will your pension fund your dream retirement? While many people can put a figure on the pension pot they’re aiming for, fewer can describe the life it’s meant to pay for. A holiday gives you the headspace to work that out. Here are five questions to ask yourself before you …
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Your Pension could face double taxation from April 2027 What can you do to minimise the impact? From 6 April 2027, your pension could be taxed twice on death, leaving your family with as little as a third of it if you do nothing. Here’s what’s changed, what hasn’t, and the decisions worth considering ahead …
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The wealth paradox: why having more can also mean worrying more Many individuals with high net worth say wealth gives them freedom but also makes them anxious. Why is that and what calms the anxiety? The paradox Having money opens doors but it also gives you something to lose. Those two feelings sit side by …
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Keeping your head when markets lose theirs Let’s not sugarcoat it. The last few weeks have been uncomfortable for anyone with money invested. Conflict in the Middle East has sent oil prices surging, energy costs are climbing again, the Bank of England has hit pause on rate cuts, and the economic outlook is getting murkier …
The Spring Statement: 4 things the Chancellor didn’t say that’ll affect your pension and inheritance tax The Chancellor stood up on 3rd March, gave her Spring Statement, and sat back down. No new taxes. No surprise announcements. But, for anyone thinking seriously about pensions, inheritance tax or passing on wealth to family, what wasn’t said …
Pension & inheritance Tax changes – don’t get caught out A MONUMENTAL CHANGE IS COMING IN THE WORLD OF PENSIONS & ESTATE PLANNING The decision by the Chancellor to bring pensions into Inheritance Tax (IHT) calculations from 6th April 2027 is one of the most impactful changes affecting financial planning in decades. Many commentators believe …
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The pension planning mistakes that could catch families out before 5 April The UK tax year ends on 5th April. It’s the same every year, yet individuals still trip up on the same pension planning mistakes which impact their families. Whether you’re protecting wealth for the next generation or building it quickly as a younger …
From resolutions to diary dates: five money actions to take before April 2027 January is when we all promise to be “better with money”. This year, I want you to swap resolutions for diary dates. The November budget confirmed a big change. From 6 April 2027, most untouched pension funds and some pension death benefits …
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Tax Planning Product Changes – Act Now To Beat The Budget Deadline: RELIEF ON VCTs REDUCES ON 6TH APRIL SO ACT NOW FOR MAXIMUM BENEFIT READ MORE FOR OTHER BUDGET UPDATES ON VCTs, EIS & SEIS A Happy New Year from all of us here at Best Advice Wealth Management. We trust you had a …
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