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Deferring a State Pension

18th June 2018

Until recently it was possible to defer a State Pension in favour of a lump sum. However from 6 April 2016 this option is no longer possible, although the pension can be deferred in exchange of an increased regular State Pension at a later date. If you chose to... read more

Posted in: News, Pensions

Accessing your Pension Fund

10th March 2016

When it comes to accessing your pension fund, there are number of rules and regulations to adhere to. These rules allow you to not just comply with taxation laws, but also ensure that you are able to withdraw funds without complication. Recently the rules surrounding taking from funds for... read more

Posted in: Financial Planning, News, Pensions, Tax

Pensions Tax Abolished

1st October 2014

Pensions Tax Abolished The 55 per cent pensions tax charge, levied on pension funds passed on after death is to be abolished, following a statement by George Osborne on 29th September 2014. The change will take effect from the beginning of the new tax year in April 2015. Currently,... read more

Posted in: News, Pensions

Reduction in Pension Allowance

6th December 2013

Reduction in Pension Allowance The total amount of pension savings that can be accumulated tax efficiently (known as the Lifetime Allowance) is to be reduced again. The new limit will be £1.25 million, down from the current £1.5 million. This represents a drop of almost one third in just... read more

Posted in: News, Pensions