Q. I am a higher rate taxpayer and a regular saver. I was pleased to read last week’s answer regarding the increase to the amount of interest I can earn on my savings before I have to pay tax on that interest. However, did the budget have any impact upon my ability to make tax-free savings?… Read more »
Q. I am approaching retirement. I am a member of my employer’s group personal pension scheme and I had anticipated using these savings to purchase an annuity. However, I think I’ve heard that the requirement to purchase an annuity has been abolished. Is this correct? A. Yes. The Chancellor of the Exchequer, George Osborne, delivered his budget… Read more »
Q. I have found your recent explanation of annuities and at retirement options very informative, especially as I am approaching retirement. I have only been a member of my employer’s money purchase pension scheme for the past few years (having had an extended career break to raise my children). My pension savings are unlikely therefore to… Read more »
Q. I am approaching retirement and I have received a letter from my pension provider detailing the level of income I am likely to receive in retirement (depending upon which of the options, detailed in their letter, I prefer). I had intended simply to take the retirement income offered by my existing pension provider; however, I… Read more »
Q. I inherited some shares from my aunt when she died in 2004. I am about to give birth to my first child and I would like to sell the shares in order to top up my maternity pay and to buy equipment for my child. Please can you tell me whether I will have… Read more »
