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The 2014 budget announced as from 27th March 2014, an increase in the ‘small pots’ limit to £10,000 (and maximum of 3 pots) and the triviality limit increase to £30,000. Providing clients are age 60, 25% Pension Commencement Lump Sum could be taken, with the balance being taxed at their marginal rate of income tax. As of 6th...

This shows the impact of clients’ age-related personal allowance being reduced when total income exceeds a certain level, and how arranging their assets differently may be able to restore their age-related personal allowance and therefore improve the net spendable income. It shows the options of – Investing in non-income-producing investments, or – Paying a pension...

The Mortgage calculator will show the different mortgage options of; Interest Only The amount of interest that would be paid each month, together with the regular monthly saving, depending upon the assumed net growth rate, to repay the mortgage at the end of the term Repayment mortgage Using the same rate of interest, the amount that...

From 6th April 2016 Annual Allowance for tax-relieved pension savings will be reduced for those with ‘adjusted net income of over £150,000 p.a. Annual Allowance will be reduced by £1 for every £2 income over £150,000 with a maximum reduction of £30,000. This means that Annual Allowance will reduce from £40,000 pa (ANI at £150,000)...