Q. I have a pension through the employer I have just left, where there was a clause allowing retirement after age 50. I am attracted by this, and also the flexibility to draw more benefits early, as my other main defined benefit scheme is not accessible until age 60. Can I transfer to a flexible… Read more »
Q. I am about to cash in my smallest pension pot, which after tax will give me just enough to repay my outstanding mortgage of £15,000. Other than the tax situation, and the fact that I am spending some of my retirement income now rather than when I retire, both of which I understand, are there… Read more »
Q. My Parents have recently retired but are contemplating working part time to pay the remaining mortgage off. My Wife and I are in a position to repay this fully to help them out, but how will this affect our inheritance and will we become owners of my parents home? A. You can indeed pay… Read more »
Q. We are considering making a substantial ‘gift’ to one of our daughters, she is wanting to purchase a house and like many grandparents and parents we want to assist while we are alive and would like to see her get some pleasure out of the gift. My query is about Inheritance Tax (IHT). I am… Read more »
Q. I have had two investment Individual Savings Accounts (ISAs) for many years. When I was looking at the most recent statements, I noticed that one has “units” and the other has “shares”. What is the difference? A. This is a straightforward question, and the short answer could be that there may be very little practical difference…. Read more »
