Q. I have recently divorced from my husband who works in the NHS and is a member of the 1995 pension scheme. As part of the divorce settlement I have been awarded part of his pension so I am now also a member of the same pension scheme. He is older than me so will I… Read more »
Q. I am 57. Last November I took out an Income Drawdown plan. After the changes in the budget, can I now cash in the entire fund? A. The answer is possibly. The full flexibility is due to come in from April next year, allowing time for consultation on the exact rules. In the meantime, there are… Read more »
Q. My friend and I are in business together and have a limited company. The bank has suggested that we have Shareholder Protection as they refer to it. I am not really sure what this is and whether or not we need it in any case. What is your opinion? A. Most people go into business… Read more »
Rutherford Wilkinson in conjunction with members of Trinity Chambers Matrimonial Finance Team, will be delivering a summary on the surprising and unexpected pensions announcements in the 2014 Spring Budget. The session, entitled “A bolt from the blue – Impact of the Spring Budget in matrimonial finance cases”, will offer some views on the financial planning… Read more »
Q. I am retired and in receipt of an occupational pension as well as my state pension. Recently I received my tax code notification from HMRC for the 2014/15 tax year. I was surprised to note that the personal allowance of £10,500 had been reduced to £10,000, because HMRC anticipated that I would earn in excess… Read more »
