New changes to legislation have improved the flexibility of Personal Pensions at the same time as encouraging higher contribution levels to fund a more secure retirement.
The new rules mean advice is essential on the following:
a) how best to fund your 'pot' in the period up to retirement.
b) How best to extract the money from your pot in the most tax efficient way when you reach retirement.
The landscape for deposit based investments has been narrow for some time. Interest rates are low and so it is important to receive advice on all of the available alternatives in the market place for capital growth, income or both.
Life Assurance, Critical Illness Cover and Permanent Health Insurance are the cornerstones of all good quality financial plans. Over the last 15 years the cost of some of these products has reduced dramatically. They now represent a great value for money method of protecting a family or business against the financial impact of premature death or serious illness.
Inheritance Tax is charged at 40% on estates in excess of £325,000 for a single person (£650,000 for a married couple). Thousands of people are finding themselves in this bracket these days and there are many ways to reduce or eliminate this tax through the use of Trusts and other financial products.
The Financial Conduct Authority does not regulate Inheritance Tax Advice where there is no investment advice. Information contained on this site is suitable for residents of the UK over the age of 18.