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 am just at the point of retiring and have received a quotation from my pension provider for a pension annuity. It states the pension will be guaranteed for 5 years. I thought a pension was guaranteed for life, can you please explain? A. Most pension annuities are guaranteed for life, (unless you have specifically requested… Read more »
Q. I am one of three trustees of a trust created in my late mother’s will. I have been advised by the solicitor who drew the trust up that I need to consider whether I need to register the trust to satisfy some new rules regarding US taxpayers? What is he referring to, and do… Read more »
Q. I am 59, and I am considering my retirement options. I have built up a personal pension fund of £400,000 and intend to retire from my job this time next year. I hope to carry on working after retirement, and have heard about the new flexible retirement rules which I might be able to… Read more »
Q. I have a Lasting Power of Attorney (LPA) to look after my Mothers financial affairs. She is 85 and up until recently has been fiercely independent. She lives in her own home which is owned outright. With her health starting to fail I have started to use the LPA to take over the running… Read more »
