Monthly Archives: July 2015
New main residence transferable nil-rate band From April 2017, the Chancellor, George Osborne, announced there will be a new main residence transferable nil-rate band (family home allowance) that will apply when a main residence is passed on to a direct … Continue reading
How to save for a rainy day and plan for a comfortable retirement Reaching wealth goals and achieving personal ambitions are major objectives of the financial planning process. In order to make plans for the future, you need to know … Continue reading
It’s never been more important to plan who you’d like to inherit it Your pension is your life savings you’ve built up to give you the retirement you want. Since new pension rules came into effect from 6 April this … Continue reading
More than one in ten would use parents’ pension on mortgage deposit More than one in ten (12%) 20-35-year-olds are prepared to ask their parents to access pension savings to help pay for a mortgage deposit, research from Old Mutual … Continue reading
Divorcees may need to take action to protect benefits following pension reforms An unintended consequence of the pension reforms is that any divorcee with a pension earmarking order may need to act fast to protect their benefits. Any earmarking order … Continue reading
Two thirds of people aged 55 and over believe financial advice should be compulsory at retirement Two thirds (65%) of people aged 55 and over who are not yet retired believe that it should be compulsory to receive financial advice … Continue reading
Over-50s retrain for later life retirement funding Nearly two thirds of over-50s workers would consider retraining so they could work longer in retirement, research from MetLife shows.