Month: November 2020

What was in the weekend’s papers? (30/11/2020)

Philip Green urged to plug pension gap before Arcadia administration Sir Philip Green is under pressure to use his wealth to make up the “huge shortfall” in the Arcadia’s pension scheme. This takes place as the group is expected to enter administration, writes The Guardian. Thousands of workers’ pensions could fall by 10% if the Pension

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What was in the weekend’s papers? (23/11/2020)

“Can you be sure of a comfortable retirement after the pandemic?” Financial security in retirement is something we can never take for granted. Naturally, Covid-19 and its effects have prompted savers to reconsider and review their retirement plans. The Financial Times asks how sure we can be of a safe retirement after the pandemic. Many made

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Can I buy property with my pension?

All registered pension schemes can (in theory at least) invest in property, including land, either in the UK or overseas. Pension schemes can invest directly in property, but many choose to invest indirectly using pooled vehicles. These include unit trusts, open-ended investment companies (OEICs) or real estate investment trusts (REITs). As well as allowing smaller

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How should I take my profits from my business?

When business owners choose how to take their profits, there is a compelling argument in favour of pension contributions. Dividends may still be the preferred route for most. However, changes in how they are taxed may drive more directors who do not need the income to use employer pension contributions instead. Remember, since April 2018,

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Am I going to have to pay more Capital Gains Tax?

In July 2020, the Chancellor asked the Office of Tax Simplification (OTS) to review Capital Gains Tax (CGT). The aim was to ‘identify opportunities relating to administrative and technical issues as well as areas where the present rules can distort behaviour or do not meet their policy intent’. The review has attracted strong engagement from

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Do I need critical illness cover?

The coronavirus (COVID-19) pandemic has caused many households to reassess their financial defences with the purchase of protection insurance. The diagnosis of a serious illness can mean a tough time for your health and your wealth. If you were to become critically ill and could not earn a living, would your family cope financially? Our

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What was in the weekend’s papers? (09/11/2020)

The Lockdown 2 survival guide for pension savers While our portfolios recovered quickly from the market downturn earlier this year, some pension savers may still be reeling from it. The Telegraph looks at what they can do to protect their money from any upcoming turbulence. The piece offers some guidance, imploring people to stay invested and

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Is my money locked away if I invest?

It is always important to manage expectations when investing. We often get questions about whether there is an explicit time someone must invest for how accessible the money is. How long do I have to invest for? If you are investing in an investment account or an ISA, then technically you could invest the money

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