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Call Richard Cook: 07770 575 122

email: richard@theinvestmentandretirementcoach.co.uk

Savings

Worry is not a good financial strategy

Worry is not a good financial strategy.

With rampant inflation, the Ukrainian war, rising interest rates, and political uncertainty, it is perhaps not surprising that many of us are worrying. It may seem that worrying helps but that is rarely the case. When I was running my previous business there was plenty to be worried about and I would ask my business […]

Tax planning for the financial year-end

With only four weeks to go before the end of the tax year, I thought it would be useful to let you have some year-end tax planning thoughts.   Pension planning If you are over 50 and a higher rate tax-payer either with invested capital or an excess of income over expenditure making a one-off […]

HL remove Marlborough UK Micro Cap Fund from the Wealth Shortlist. Our thoughts.

As regular blog readers will be aware most of my clients use Hargreaves Lansdown and have a basic strategy of only investing in funds in their Wealth Shortlist. I accept that HL has not always got it right and made disastrous errors in connection with the Woodford funds but I remain convinced that it is […]

Will inflation destroy your retirement income?

Well perhaps not destroy, but unless you are in the fortunate position of having an index-linked pension from a final salary pension scheme a return to higher inflation could significantly reduce your spending power over the years ahead. UK CPI rose to 2.5% in June with the USA’S inflation figures even higher at 5.4%. Only […]

Dividend payments recovering well.

This is good news particularly for clients in retirement (drawdown) who have chosen to listen to my guidance and whose primary investment strategy is to invest in dividend-focused funds to support all, or a significant part of, their income withdrawals. One of the early consequences of the pandemic was the cancellation or reduction of dividends […]

Higher rate pensions tax relief survives the budget- but for how long?

In a pre-budget announcement MPs called on the Government to overhaul the “entire approach to pension tax relief”. They are concerned that the current system unfairly incentivises higher rate taxpayers. They say:- “Now is surely the time to address the imbalance of benefits and tax breaks available to the wealthy, whilst ensuring the poorer pensioners […]

Wipe out your entire tax liability for 2020/2021? 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 to […]

Threadneedle European Select Fund – Update

Hargreaves Lansdown issued an update on this fund on 14th Dec. https://www.hl.co.uk/funds/research-and-news/fund-news–and–alerts/threadneedle-european-select-december-2020-fund-update  There is a change in the management structure which HL refer to as “disappointing”. Having said that the fund remains on the Wealth Shortlist and the new management team is both experienced and well resourced. There are four European Funds on the Wealth […]

Coronavirus- five huge pension mistakes to avoid

Are you thinking that your pension plan may provide a solution to temporary financial problems caused by Coronavirus? You may be right but there are some huge mistakes to be avoided and it may be worthwhile taking some advice/guidance before taking action. 5 Huge Mistakes To Avoid. 1. If you are over 55 most pension […]

Pension Pot

How much is it safe to withdraw from your pension pot?

One of the biggest challenges, when the time comes for us to make this decision (age 55 onwards), is the lack of an easy “rule of thumb” to provide guidance. The benchmark most used by advisers is the “4% rule”. That suggests that withdrawals of 4% per annum are, on average, likely to be sustainable […]

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