Q. I am 53, and I have elected for Fixed Protection as my Pension fund is likely to exceed the Lifetime Allowance without the need for any further contributions. What other ways can I save in a tax-efficient manner? A. This is becoming a much more common question for higher earners, as the Lifetime Allowance for pension… Read more »
Q. I have been told that I will not be eligible for the new pension rules due to come in from April 2015 as I am too young at 48. However there is apparently a way I can release funds from my pension through investing in certain schemes. Can you tell me more? A. The new… Read more »
Q. I am considering giving a grandfather clock to my son. I inherited it from my father in 1985, when the probate value was £1000, but it has recently been valued at £20,000. What are the tax implications? As I am a widow, my only son will receive the rest of my estate in my will,… Read more »
Q. I will be leaving my current employment at the end of July this year. I have been with the company for a while and have been contributing to a Save As You Earn Scheme (SAYE). Will I still be able to do so after my employment ends? A. If, before you complete your SAYE… Read more »
Q. It looks as though my marital relationship has broken down and my wife and I are contemplating divorce. I am pleased to say everything looks as though it will be amicable, however, we would like to know what the best way to deal with my pension would be. I have quite significant amounts of… Read more »
