Rutherford Wilkinson in conjunction with members of Trinity Chambers Matrimonial Finance Team, will be delivering a summary on the surprising and unexpected pensions announcements in the 2014 Spring Budget. The session, entitled “A bolt from the blue – Impact of the Spring Budget in matrimonial finance cases”, will offer some views on the financial planning… Read more »
Q. I am retired and in receipt of an occupational pension as well as my state pension. Recently I received my tax code notification from HMRC for the 2014/15 tax year. I was surprised to note that the personal allowance of £10,500 had been reduced to £10,000, because HMRC anticipated that I would earn in excess… Read more »
Q. I am a higher rate taxpayer and a regular saver. I was pleased to read last week’s answer regarding the increase to the amount of interest I can earn on my savings before I have to pay tax on that interest. However, did the budget have any impact upon my ability to make tax-free savings?… Read more »
Q. I am approaching retirement. I am a member of my employer’s group personal pension scheme and I had anticipated using these savings to purchase an annuity. However, I think I’ve heard that the requirement to purchase an annuity has been abolished. Is this correct? A. Yes. The Chancellor of the Exchequer, George Osborne, delivered his budget… Read more »
Q. I have found your recent explanation of annuities and at retirement options very informative, especially as I am approaching retirement. I have only been a member of my employer’s money purchase pension scheme for the past few years (having had an extended career break to raise my children). My pension savings are unlikely therefore to… Read more »
