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Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

Retirement planning

Budget News: The Pensions Great Escape

After Philip Hammond described pension tax relief as “eye-wateringly expensive” at an IMF meeting last month most commentators were fearing the worst and expecting significant cuts in pension tax relief but that did not happen. Instead the lifetime allowance (the level of pension fund you can have without incurring tax penalties) was increased to £1,055,000, […]

£33.6 billion in underperforming funds – is any of it yours?

Since I last wrote about Best Invest’s landmark publication “Spot the Dog” (identifying underperforming funds) the amount of money in those seriously underperforming funds has risen from £17.6 billion to today’s £33.6 billion. That’s not just a blip in performance. It is underperformance for at least three consecutive years and it could be your money. […]

Pensions tax relief under threat… again?

Yes, I know I have said that pension tax relief is under threat a number of times in the past and been wrong… However a recent announcement in the House of Lords revealed that the Government is set to take a close look at the current pension tax relief system. This could well be beneficial […]

Pension providers destroy retirement lifestyles – again

If you are retired or within 5 years of retirement this is about you. One of the findings of a recent report from the Financial Conduct Authority was that people with pension plans could be receiving up to 37% more retirement income if they had been given the right guidance/advice about their investment choices pre […]

Are you one of the 45% of the self-employed with no pensions savings?

How sad is that? Millions of hard working, creative people heading towards retirement with the prospect of having to work forever. Are you one of them? This not scaremongering from a pension provider but hard fact from The Office of National Statistics Feb 2018. Statistics for small business owners are not available but I would […]

£1,000,000 cash or £30,000 per year. Which would you choose?

If you have benefits in a final salary pension scheme from a previous employment or are within a few years of your planned retirement that is a decision you will make (with your own relevant numbers) either by default or by having fully researched the alternatives. In the last year I have helped many clients […]

Will pension transfer values fall significantly?

Transfers out of final salary pension schemes have soared over the last couple of years largely on the back of sky high transfer values. Is that about to end? I spotted something last week which certainly got my attention and yet seems to have been missed by most of the press. Tesco, when announcing their annual results, […]

Inheritance Tax – time to take another look

Few people know that death taxes have been with us since 1694. They certainly are not going to go away any time soon so not having a plan makes no sense at all. It is often said that there are only two certainties in life – death and taxes. It is when they both turn […]

Year End Tax Planning

Don’t miss out on great tax planning opportunities because of past bad pension experiences. The 19th March 2018 was the fourth anniversary of the Budget which announced the unexpected and welcome introduction of the “pension freedoms” which have turned the pension world upside down and produced so many tax planning possibilities. Unfortunately prior to that […]

Are you taking enough risks to meet your pension goals?

The answer will depend on how you define “risk”. Unfortunately the financial services industry is fixated on the extent of volatility as a way of defining and measuring risk. In my view the fact that equity type investments (both individual shares and funds) will fluctuate both upwards and downwards is not a risk; it is […]

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