NHS Pension Members – Don’t forget to declare excesses from your 19/20 pension savings on your January Self Assessment return. If you have exceeded your Annual Allowance for 19/20 and you don’t have sufficient unused annual allowance to carry forward to cover the excess, you must declare this on your […]
Category Archives: Pensions
Blog, Financial Planning, Investments, Legal, Pensions, Personal Finance, Wealth
Drawing an income from your pension and investments?
28
Oct
Oct
If you draw income from your pension or investments ask yourself – do you have a Power of Attorney in place? If you are taking an income from your pensions and investments and these are managed by a financial adviser, then you will likely meet up with your adviser at […]
Blog, Budget, Family, Financial Planning, Investments, Later Life, Pensions, Personal Finance, Retirement, Wealth
Getting closer to 50 – financial planning priorities
09
Oct
Oct
To round off with the Financial Planning Week blog posts from our team, Director and Chartered Financial Planner Amanda Cowie gives her thoughts on financial planning when you are nearing 50!… If, like me, you are getting near your “special” birthday you maybe can’t believe that you are at […]
Blog, Budget, Family, Financial Planning, Investments, Later Life, Pensions, Personal Finance, Protection, Tax, Taxable Benefits, Wealth
Advice for young families saving for their future
08
Oct
Oct
Today to support Financial Planning Week are some top tips from our paraplanner Danielle Knowles for young families saving for their future whilst looking after their loved ones… I am Danielle, a 37-year-old mum of two to Charlie 5 and Daisy 3. Working in financial services makes you […]
Blog, Financial Planning, Pensions, Personal Finance, Retirement, Wealth
Generation Z – Financial Planning Priorities
06
Oct
Oct
Continuing with our series of blog posts from members of our team on what’s important to them when planning their financial future, here’s some thoughts from Megan Dimmick, wealth administrator… As a recently turned 21-year-old and a generation Z, financial planning would usually be the last thing on my […]
Blog, Financial Planning, Investments, Later Life, News, Pensions, Personal Finance, Retirement, Wealth
Financial Planning Week 2020
05
Oct
Oct
This week we are supporting the CISI Financial Planning Week and will be giving free advice on family budgeting, financial planning and how you can begin. Don’t miss the opportunity to book a free 1-hour online chat with one of our qualified financial planners. You can email me, Neil Cowie […]
Blog, Financial Planning, Investments, Later Life, Pensions, Personal Finance, Retirement, Tax, Taxable Benefits, Wealth
Don’t ignore your pension savings statement
22
Sep
Sep
It’s rare nowadays to be in, what used to be called, a “Final Salary” pension. We now call these “Defined Benefit” pensions because they are now not typically based on your final salary but on your service and income levels throughout the period of membership. If you work for the […]
Blog, Budget, Business, Financial Planning, Investments, Pensions, Personal Finance, Wealth
Do you know what your financial goals are?
09
Sep
Sep
As financial planners, we ask a lot of questions about goals – you might think we are being nosy?! The reason for asking so many questions is to try and establish what’s most important to you. It’s not as simple as just asking you what your goals are. If you […]
Blog, Financial Planning, Later Life, Pensions, Personal Finance, Retirement, Tax, Wealth
Happy 5th Birthday Pensions Freedoms
20
Jul
Jul
Can anyone remember when Pensions Freedom came in? Just me? Apparently not. The Financial Conduct Authority have just conducted an outcome review to see how pension providers have adapted to all the changes. This has been delayed because of the “awfulness” until February 2021. As a financial planner (and a […]
Blog, Financial Planning, Pensions, Personal Finance, Retirement, Tax, Wealth
Pension death benefits – right pension, right nomination, right now?
16
Jul
Jul
A reported surge* in people wanting to write or amend their wills at the start of COVID-19 (with some legal firms claiming a jump in demand of up to 76%), tells us that the pandemic has sharply focused peoples’ minds on making sure their affairs are in order and that […]