Rutherford Wilkinson operations director Trevor Clark answers readers’ Your Money queries in the Journal on the pensions advice allowance and the tax implications of selling an inherited property. If you have a question about any aspect of financial planning you would like Trevor to answer, please email it to: yourmoney@rwpfg.co.uk. Q: I think the pensions advice… Read more »
Below are some of the key announcements in the Budget: Self-employed workers will see their Class 4 national insurance contributions (NICs) increase by 1% to 10% in April 2018, with a further percentage point rise to 11% from April 2019. The government had previously announced that Class 2 NICs will be abolished from April 2018. The… Read more »
The Budget will be the last one to be held in March, with future fiscal statements moved to the Autumn, with one a year, rather than the two we have had. Therefore, it is not expected that there will be radical moves announced by Chancellor Phillip Hammond, with those saved for later in the year. However,… Read more »
Pension’s Triple Lock to stay for now; NS&I 2% savings bond; Money purchase annual allowance (MPAA) reduced to £4,000; Restrictions on salary sacrifice; Consultation on banning pension cold calls Triple Lock, MPAA reduction and consultation on Cold calling ban The Herald, Pensioners to keep triple lock but reform is on the horizon, 26th… Read more »
Q. I thought I would be able to sell on my annuity, but in the papers it says that the Government has scrapped this. What options are available to me now? A. Although frustrating, the Government’s U-turn is perhaps a blessing in disguise, as the plan felt like an accident waiting to happen with the… Read more »
