You May Soon Have To Pay Tax On Your Savings

You May Soon Have To Pay Tax On Your Savings

Nov 17, 2022 | Blog, Financial Planning

For years you have probably not really had to worry about paying tax on your savings.   Interest rates on cash savings have been virtually zero for over 12 years. The last time the Bank of England base rate was over 1% was back in 2009.  In recent months interest...
When You Might Pay Inheritance Tax On A Pension

When You Might Pay Inheritance Tax On A Pension

Aug 25, 2022 | Blog, Pension Planning

There might be Inheritance Tax on a pension if you die within two years of transferring the pension from one scheme to another.   This can cause a large unexpected tax bill for your loved ones who inherit your pension.   What’s more, the Inheritance Tax calculation is...
Tax On Pension Drawdown – Messy Tax Codes

Tax On Pension Drawdown – Messy Tax Codes

Mar 3, 2022 | Blog, Pension Planning

Using pension drawdown in retirement offers so much flexibility and the chance to keep growing your pension, however, the tax on pension drawdown can get very messy.   It’s highly likely the first pension drawdown payment you receive will be taxed incorrectly and this...
Tax On Investments

Tax On Investments

Jul 30, 2020 | Blog, Financial Planning

Do you know if you are liable for tax on investments you and your family hold? Most of the time tax on investments is not paid automatically and it is up to you as an individual to ensure you are declaring the right amount of tax to HM Revenue and Customs (HMRC)....