Blog

  • Record numbers make the most of pension freedoms

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    The people have spoken and they love freedom! Recent figures show withdrawals in the 2017-18 year were worth £6.7bn, the highest figure since the pension freedoms reforms were introduced in 2015. Before the change in legislation, the majority of pensioners would purchase an annuity with their pension pot, which would guarantee them an income for li...
  • How the gender gap hits women’s retirement savings as well as pay

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    A recent study has found women are generally less well prepared for retirement compared to men. The research, carried out by savings company Standard Life, reveals that whilst over half (55%) of men own a pension, this figure falls to just over a third (36%) in women. Even more alarmingly, more than seven in ten (71%) of women stated that they did...
  • Be aware: HMRC payroll investigations on the rise

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    Recent figures released through a Freedom of Information Request have revealed that payroll investigations last year led to HMRC collecting £819 million of additional tax, a figure that represents a year-on-year jump of 16%. It has been suggested that the increase is due to a ‘grey area’ over whether a taxpayer is considered to be ‘employed’ or ‘se...
  • What is the tapered annual allowance and how could it affect you?

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    One of the key advantages of saving for your retirement through a pension scheme is the tax relief you receive on the money you contribute, usually available at your usual rate of tax. The ‘Annual Allowance’ limits the amount of contributions both you and your employer can make to your pension in a year which benefit from tax relief, and is current...
  • What is pound cost averaging?

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    If you’re unclear on what the term ‘pound cost averaging’ means, the simplicity of what it describes is perhaps best demonstrated through an example. Abbie is an investor who has already decided where she wants to make a long-term investment. She also earns money through her job and invests more each month. Abbie therefore has three options as to h...
  • The upsides and downsides of downsizing

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    If your family has grown up and flown the nest and you’re moving closer to retiring, it’s likely that you’ve at least thought about downsizing your home. For some it can be for practical reasons, for others it might be a desire to be closer to their children if they’ve relocated, for others still it might simply be the desire for a change of scener...
  • Google’s £50m tax bill and what it signals for digital firms

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    Headlines involving the finances of huge corporations such as Google, Facebook and Amazon will always attract interest and Google’s latest tax bill is no exception. It also opens up a wider conversation of the taxation of digital firms.The tech giant’s annual accounts reveal that on UK profits of £202.4m, the company will pay corporation taxes of £...
  • Pension drawdown - Video

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  • What does GDPR mean and how does it affect me?

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    GDPR is one of those acronyms you’re probably hearing a lot about at the moment. You’re no doubt receiving a high number of emails asking if you’re still happy to receive communications from a company and to be on their database. So what are the reasons behind this? In 2016, a bill was passed by the European Union introducing the General Data Prote...
  • Employee Benefit update Netherlands

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    30% Ruling The 30% reimbursement ruling (better known as the 30% ruling) is a tax advantage for highly skilled migrants moving to the Netherlands. When the necessary conditions are met, the employer can grant a tax free allowance equivalent to 30% of the gross salary. In the Netherlands this Tax ruling very popular with expats. The Dutch Government...