Posts Categorized: Finance

Pensions: Lifetime Allowance (LTA)

Posted by & filed under Finance, UK Pensions.

The UK Lifetime Allowance (LTA) is a limit imposed by HMRC on the total accumulated pension anyone is entitled to before tax relief is reclaimed. There are different factors that may apply to you; Brief history Lifetime allowance limit How is it measured Benefit crystallisation event Protection Primary protection Enhanced protection Fixed protection Individual protection… Read more »

Pensions: Annual allowance tax relief

Posted by & filed under Finance, UK Pensions.

The UK annual allowance is a limit imposed by HMRC on the amount of tax relief available for pension contributions in any one tax year which, for UK tax purposes runs from the 6th of April to the 5th of April the following year. This applies to both defined contribution (money purchase) and defined benefit… Read more »

UK Private Pension Options

Posted by & filed under Finance.

There are multiple types of pensions available in the UK. What follows is an explanation of each of the main versions including their advantages and disadvantages; Personal Pension Plan (PPP) Stakeholder Pension (SHP) Self Invested Personal Pension Schemes (SIPPS) With-profits pension plan All of these are variations of a defined contribution scheme and therefore follow… Read more »

Investment options explained

Posted by & filed under Finance.

How to invest your money, whether in shares (stocks), bonds or another form, can be a daunting proposition. What follows is an in depth look at the investment process including: what is the difference between investing and saving, how do you go about investing, what options are available to invest into and what level of… Read more »

Portfolio Risk Management

Posted by & filed under Finance.

Risk management can help you create a successful investment portfolio by controlling the level of risk you take. It is possible to use different strategies to reduce or mitigate risk without necessarily impinging on your expected returns. Risk management definition The process of deducing the level of risk involved when making an investment decision. By… Read more »

Risk

Posted by & filed under Finance.

What is risk In financial terms, risk is the chance of partial or complete loss of wealth or wealth opportunities. Financial risk definition Risk is a combination of volatility and time i.e. for a given timescale what are the chances of an investment being worth more or less than the expected return? This can then… Read more »

Pension Withdrawal Rates

Posted by & filed under Finance.

Retirement calculators and pension withdrawal calculators are fundamentally flawed. This is not an issue as long as you are aware of their inherent weaknesses. As mentioned in our pension withdrawal guide there is no ideal amount that can be safely withdrawn upon retirement. Be too conservative and you’ve unnecessarily limited your income though, by contrast,… Read more »

Tips to Avoid Poor Financial Advice

Posted by & filed under Finance, UK Pensions.

Wealth, it has a huge impact over you and your family’s lifestyle. Finding someone to trust in these matters can be difficult. Unfortunately there are times when unscrupulous or misguided advice is provided. Using individuals who are regulated and qualified does not, in itself, guarantee protection against bad advice. What follows are key areas that… Read more »

Pension Withdrawal Guide

Posted by & filed under Finance.

With the imminent arrival of new pension rules providing you with complete control over your pension pot, now may be the time to consider your main options available on retirement. Only annuities give a guarantee that you will receive a certain income, possibly increasing, for the rest of your life. As such, this article’s aim is… Read more »

Retirement Options Following New UK Pension Rules

Posted by & filed under Finance.

With the imminent arrival of new pension rules providing you with complete control over your pension pot, now may be the time to consider the main options available upon retirement. All have their advantages & disadvantages. Annuities These financial products are designed to provide a guaranteed income for the rest of your life in exchange… Read more »

The terrible state of UK pension savings and advice?

Posted by & filed under Finance.

According to a recent poll by Ipsos Mori apparently 1 in 8 people eligible are considering duly withdrawing their entire pension savings as of next year. This is concerning because it either means over 200,000 people will have to rely on next to no pension provision or the advice (or lack thereof) they have received… Read more »

Investing for Retirement

Posted by & filed under Finance.

The most common method of saving for retirement is through a pension scheme. The two main types are defined benefit (final salary) and defined contribution (money purchase) pensions though only the latter is dependent upon investment returns to provide an income. How to invest money It is important to save tax efficiently. This will give you… Read more »

Understanding and Benefiting From Risk

Posted by & filed under Finance.

It is a common belief that many people fear the unknown, whether this is setting up your life in a new country, facing your first ever job interview, or, as a child, fearing potential monsters under the bed. Fear is an evolutionary constant in mankind stemming from a survival instinct required to keep our race alive…. Read more »

Wealth Management Unraveled

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Wealth-Management

The terms “Wealth Manager” and “Wealth Management” can mean many different things to different people. However, to most people the terms are still synonymous with private banking and the super rich.

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