Q. I am a pensioner with an annual income of about £13,500. Will I be able to benefit from the new 0% starting rate for tax? A. Yes with any savings income. From 6 April 2015 the 10% rate that currently applies to savings income falling within the starting rate band of £2,880 will be abolished and… Read more »
Q. I have received an inheritance. Can I pay some money from it into my personal pension, in order to get tax relief? As I am 53, I will be able to access the fund in a couple of years, so it might increase the size of my fund substantially. A. This is one of those… Read more »
Q. I am almost 70 and have been a widow for over 20 years. One of my sons is living and working in the Republic of Ireland near Dublin and I am considering selling my house in England and buying a house near to where he lives. I am in no rush but am currently weighing… Read more »
Q. I am 83. My neighbour has told me that she has given her house away to her son through a trust to protect it from being taken by the local authority if she goes into care. Is this a good idea? A. Unfortunately, it is not quite as simple as that. The main problem is that… Read more »
Q. I have benefits in a final salary pension scheme. I like the sound of the new rules whereby I can draw the fund as a lump sum, as I want to buy a holiday cottage. How do I go about this? A. The new rules offering greater flexibility to draw your fund all at once… Read more »
