Latest - TAX AND TRUSTS

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  Increase in early retirees, who are taking a hit on their income

  3 May 2018

  Nearly two thirds (60%) of those stopping work this year will do so before their state pension age or company pension retirement date, but it could hit their annual finances by over £3,000 according to a study by Prudential. The life assurer’s annual study, Class of 2018, found those planning on retiring early could...

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  Scottish Widows launches Drip-feed Drawdown

  29 April 2018

  Scottish Widows has launched Drip-feed Drawdown, a phased retirement income capability, available through its Retirement Account. It is designed to give customers a tax-optimised, flexible way to manage and control their withdrawals, as part of a long-term sustainable income strategy. Following the introduction of the Pension Freedoms three years ago, a growing number of pension...

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  TDQ: Test Your Knowledge (May 2018 issue)

  26 April 2018

  Professional Paraplanner has teamed up with key training and exam support providers to help you in your training, development and qualifications. Here are the answers to this month’s TDQ: Test Your Knowledge questions, published in the May 2018 issue of Professional Paraplanner.   B CII R01 Study Text Chapter 5:2 A CII R02 Study...

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  TDQ: Test your knowledge – questions (May 2018 issue)

  26 April 2018

  Professional Paraplanner has teamed up with key training and exam support providers to help you in your training, development and qualifications. Here are this month’s TDQ: Test Your Knowledge questions, published in the May issue of Professional Paraplanner.   These  questions relate to examinable Tax year 17/18, examinable by the CII until 31 August...

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  5 minutes with… Andrew Pike, NS&I

  22 April 2018

  NS&I is a well known savings and investments brand in the UK but how much do you actually know about what they offer? Ahead of the Technical Insight Seminars where Andrew Pike, head of Intermediary Relationships, NS&I will be presenting at selected venues, we asked him to provide some insight into the Treasury-backed provider. ...

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  Defaqto and Prudential publish guide to drawdown

  18 April 2018

  Financial information group Defaqto has teamed up with Prudential to launch its 2018-19 guide to drawdown. With pension freedoms thrusting drawdown into the spotlight, Defaqto said its structured guide provides advisers with all they need to know when advising on drawdown. The guide explains the death benefit options and their impact on advice, outlines...

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  How pension freedoms overtaxing works

  16 April 2018

  A growing number of pension savers withdrawing cash under the pensions freedoms are being over-taxed and the start of the new tax year is the worst time fall into this trap. As the pension freedoms celebrate their three year anniversary, savers planning to make ad-hoc pension withdrawals in the new tax year risk being overtaxed...

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  Non-advised drawdown risks higher tax bills and running out of money

  9 April 2018

  Pension investors who have been using the pension freedoms to take an annual income may now have more in their pension pot than they started with, but risk running out of money in the long-term, according to Aegon. According to Aegon’s estimates, someone with an average fund of £148,750 may have seen their fund...

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