Wealth Management News

Get up to £32,000 from the Government with the new Lifetime ISA (LISA) - 3 April 2017

Announced by George Osborne in his final Budget last year, LISAs will be available from 6 April 2017 to anyone between the ages of 18 and 39. Unlike other ISAs, LISAs offer a 25 per cent Government bonus worth up

Overseas pension transfers to be hit by 25 per cent charge - 3 April 2017

While the Chancellor’s Spring Budget was generally quiet in terms of announcements concerning pensions, one particular measure will be significant for anyone wishing to transfer their pensions overseas. The new measure sees a 25 per cent charge applied to transfers

Pension freedoms release more than £9.2 billion - 3 April 2017

Figures released recently by HM Revenue & Customs (HMRC) show that a total of more than £9.2 billion has been released from pension pots since new freedoms were introduced in April 2015. The figures show that in the three months

Retirement age to hit 68 years, according to new report - 3 April 2017

The recently released Cridland Report into the state pension has indicated that the age at which the state pension can be drawn is likely to increase to 68 by 2037. The review, headed by John Cridland, has looked into the

21 million savers to lose out from Premium Bond cuts - 20 March 2017

National Savings and Investments (NS&I), the organisation behind Premium Bonds, has said that savers will have a slimmer chance of winning some of the biggest Premium Bond prizes from May. As part of a wider cut in interest rates across

Pensioner income overtakes working households - 20 March 2017

A new study by the Resolution Foundation for the Intergenerational Commission has revealed that the income of pensioners has overtaken that of working age households for the first time. According to the report, entitled As Time Goes By, typical pensioner

Government offers tax allowance for pension advice - 20 March 2017

From April this year those saving into a pension will be able to access up to £1,500 from their pot, tax-free, to help them pay for financial advice. The new Pension Advice Allowance – announced in last year’s Autumn Statement