Nov 2019 – Set your investment goals for retirement

Set your investment goals for retirementFor many of us, managing our money day to day occupies most of our attention, particularly when rising inflation puts family budgets under ever greater strain.But thinking about your financial future now and having goals for the immediate and long ...

Oct 2019 – State pension and lifetime allowance increases for 2020/21

Set your investment goals for retirement For many of us, managing our money day to day occupies most of our attention, particularly when rising inflation puts family budgets under ever greater strain. But thinking about your financial future now and having goals for the immediate ...

Oct 2019 – Re-enrolment in a workplace pension

Re-enrolment in a workplace pensionFor many employers, the aggravation of setting up auto-enrolment of staff into a workplace pension was over years ago (2012 to be exact!), but it’s not a task that can be done once and forgotten.All employees who opted out of the ...

Sept 2019 – New rules for selling a home

NEW RULES FOR SELLING A HOMEWhen you sell your own home the gain is tax-free for the periods you lived in the property. If you move out before the property is sold, the gain for that final empty period is also tax-free, as long as ...

Sept 2019 – Advice with you in mind

Advice with you in mindOne of the most important relationships you may ever have is the one with your professional financial adviser. The advice process allows you to assess your financial goals, investment time frame and tolerance for risk, and to monitor these over time ...

August 2019 – Life assurance & Tax

Life assurance & taxTop-slicing relief attempts to put you in the position you would have been in, had the lump sum been paid in equal amounts in each year of the bond’s life. It doesn’t exactly achieve that, but it’s a good approximation.The problem is, ...

June 2019 – Are you one of the tens of thousands entering retirement each year without taking advice?

Scott Herbert, Independent Financial Advisor and Partner of Clarke Nicklin Financial Planning considers newly published research on the pensions advisory market; New analysis from the Association of British Insurers (ABI) shows very low levels of retirement readiness. It found that more than 62,000 people accessed ...

April 2019 – Check your Pension forecast

Check your Pension forecast You can check how much State Pension you will receive by accessing your online personal tax account. It will tell you how many years of National Insurance Contributions (NIC) you have made and if there are any gaps in your NIC ...

March 2019 – Auto enrolment increases

On 6 April 2019 regulatory increases are to be applied to all auto enrolment pension schemes, both employer and employee increases are to be made as follows: Date Employer minimum contribution Employee minimum contribution Total minimum contribution Current rate: 6 April 2018 to 5 April ...

March 2019 – ISA efficient tax savings

The deadline for using your ISA allowance for the 2018/2019 tax year is midnight on April 5th, 2019. You can save for retirement in a number of ways. The traditional route is via a pension scheme, but you could also use an ISA. Savers aged ...

April 2019 – Is your Inheritance Tax fit for purpose?

Scott Herbert, Partner and IFA, recently held a joint seminar with Clarke Nicklin's Tax Partner Paul Draper to highlight the benefits of planning for the second most resented Tax. Inheritance Tax could result in 40% of your family's wealth dissapearing overnight without effective planning. Check ...