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Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

Retirement planning

Coronavirus – Drawdown pension dangers

Are you in the group of retirees in drawdown whose future lifestyles will be decimated by the coronavirus stock-market collapse? Hopefully not, but you need to be very clear how your monthly withdrawals are being funded. If they are coming from cash or dividends you are fairly safe but if investments are being sold every […]

Higher rate pension tax relief at risk – again!

New government, new chancellor, and once again press reports are indicating that higher rate relief on pension contributions are at risk. As my regular blog readers will know we have been here many times before when the threat has come to nothing. However, that does not mean that it should be ignored. If you are a […]

Wipe out your entire higher rate tax liability for 2019/2020 – Find out if you qualify

Let’s cut straight to the chase. This is not for everyone. It is only worth exploring further if you can answer “YES” to ALL of the following questions: Do you pay higher rate tax on earned income? Are you age 50 or over? Do you already have medium term investments/savings? Do you expect to revert […]

6 tips to keep your pension planning on point for 2020

New Year Resolutions? What better time to have a look at your pension planning and see how well you are doing? Give yourself a mark out of 10 on each of the following points. 7 or more and you are doing ok but could still improve. Less than 7 and giving this some serious attention […]

There’s considerable potential for using pensions to maximise inheritances or reduce IHT

Not many people realise that a pension can be a more efficient asset to pass on as an inheritance than property or other savings. Even if you have made a will recently the chances of your solicitor giving real guidance on how to use a pension fund to maximise inheritances are very slim. After all […]

Plan your retirement on your terms

Are you going to get the best outcome from the pension funds you have worked so hard to build up or will a lack of knowledge or guidance mean that you are missing out on some very valuable planning opportunities? With people no longer choosing to retire at a single point of time the pension […]

Smiths Industries Pension Scheme: Time for action

If you remained in the Smith’s Pension Scheme at the time of the GE takeover all the evidence is that you made a very sound decision. Smiths take their pension responsibilities very seriously and over recent years have been de-risking the Scheme by insuring around £1.6 billion of the scheme’s liabilities for pensions in payment. […]

HMRC investigates IHT in a quarter of estates

More than 5,000 inheritance tax investigations are opened by HMRC each year representing about 25% of all estates that pay IHT. Inheritance tax is infamous for not only being disliked, but complex and at times deeply unfair. On top of that there is a one in four chance that, when your executors complete the IHT […]

IHT tax receipts hit record breaking £5.4 bn

These latest figures were published by HMRC just last week. Since 2009/10 receipts have increased both in terms of annual revenue and as a proportion of GDP. My view is that this is just plain wrong. Families who have worked hard and paid their taxes throughout their lives should not be penalised just because they […]

Would you like to be £8,000 better off courtesy of HMRC?

If you are a higher rate tax payer aged over 55 read on. If not unfortunately this is not for you. This is not theory. It is exactly what one Hargreaves Lansdown client achieved just before the end of the tax year. She was aged 57 and would have paid higher rate tax on about […]

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