When it comes to taking money from your pension, careful planning is essential to minimise your tax liability and maximise the longevity of your savings. Here is how we recommend you structure your pension drawdowns effectively. Use your tax-free lump sum wisely You can withdraw up to 25 per cent of your pension as a […]

Venture capital trusts (VCTs) offer an opportunity to invest in smaller UK companies while benefiting from attractive tax reliefs. As an investor, you can receive income tax relief of up to 30 per cent on your investment, tax-free dividends, and no Capital Gains Tax when you sell your VCT shares. However, these benefits come with […]

Tax wrappers are financial tools designed to help individuals shelter their investments from certain taxes, ultimately maximising their wealth. If you use tax wrappers, you can potentially reduce or eliminate tax liabilities, allowing your investments to grow more efficiently over time. There are a few options for this, each with their own advantages and drawbacks. […]

An asset allocation strategy involves deciding how to distribute investments across asset classes like equities, bonds, and cash. Your choice of strategy significantly impacts potential returns and risks. Strategic asset allocation Strategic asset allocation involves setting a target allocation for each asset class based on financial goals and risk tolerance, with periodic rebalancing to maintain […]

A Junior Individual Savings Account (JISA) is a tax-efficient savings or investment account opened by a parent or guardian for a child under the age of 18. These accounts allow savings to grow free from Income Tax and Capital Gains Tax and can be a great way of developing a cushion for future expenses. You […]

June saw a continued surge in the popularity of cash Individual Savings Accounts (ISAs) as savers deposited a staggering £3.4 billion into these tax-free accounts, according to the latest data from the Bank of England. This uptick in interest follows a record-breaking £4.2 billion funnelled into ISAs in May – the highest for the month […]

It would be great if every one of us could live entirely risk and accident-free lives, alas that is not often the case, which is why various forms of life and incapacity insurance are critical to any wealth plan. Every one of us should consider the substantial risks associated with being underprepared for unexpected life […]

With an increasing focus on Inheritance Tax (IHT) and upcoming changes to the rules around trusts, wealthy families are exploring new methods of investing and protecting their assets. One increasingly popular method for achieving this is through the foundation of a Family Investment Company (FIC). What is a Family Investment Company? A Family Investment Company […]

Over 200,000 pensioners – mostly women – are expected to receive letters from HM Revenue & Customs (HMRC) informing them that they are entitled to a payment of £5,000. The payments are due following errors made by the Department for Work and Pensions (DWP) resulting in underpayments to state pensions. Those mainly impacted by the […]

Recent surveys indicate a mounting concern among British citizens regarding their retirement savings. As the cost-of-living crisis continues and the economy stays unpredictable, many people are worried they won’t have enough money to retire comfortably. The latest research from Wealth at Work revealed that 39 per cent of employees think they will never be able […]