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GOLDTHORPE APPOINTED EXECUTIVE CHAIRMAN OF NEW BEAUFORT GROUP
Simon Goldthorpe has been appointed chairman of the new Beaufort Group, a new financial services group of companies offering financial planning and fund management services to clients and investors....
View ArticleWhat’s the maximum amount of money I can pay into my pension each year?
For the tax year 2013/14, the basic annual allowance for tax relief on pension payments is £50,000 per annum. This will be reduced to £40,000 in April 2014. However, if you have not used up the three...
View ArticleWhat is the maximum amount of pension fund that I can build up in my lifetime?
For tax year 2013/14, the Lifetime Allowance (LTA) has been set at £1.5million. This will be reduced to £1.25 million from April 2014. If you exceed the LTA, the excess benefits will be taxed at 55%....
View ArticleHow much lump sum cash am I likely to get from my pension?
Typically, you can take up to 25% of your pension pot as a tax-free lump sum from the age of 55. Your pension provider can provide you with information on how much your pension is worth at any one...
View ArticleWhy can’t I take my whole pension in cash?
The purpose of a pension is to provide income in your latter years, which is why the government gives valuable tax relief on contributions. While in certain circumstances you could take it all out in...
View ArticleIs drawdown better than an annuity?
There is no easy answer to this one as so much depends on your particular circumstances – your age, lifestyle, how much you have in your pension pot, whether or not you have a partner, the state of...
View ArticleWhat is salary sacrifice/exchange and why should I consider it?
Some employers offer employees ‘salary sacrifice/exchange’ as a way of increasing pension scheme contributions. How it works is that you sacrifice part of your salary and your employer pays that amount...
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Investment Seminar paints positive picture for long-term investors
Attendees at the Beaufort Investment Seminar on Tuesday 25 September at the Holiday Inn Reading were reassured that their investment portfolios would continue to be well managed following Beaufort’s...
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