Rutherford Wilkinson operations director Trevor Clark answers readers’ Your Money queries in the Journal on the pensions advice allowance and the tax implications of selling an inherited property. If you have a question about any aspect of financial planning you would like Trevor to answer, please email it to: yourmoney@rwpfg.co.uk. Q: I think the pensions advice… Read more »
The Budget will be the last one to be held in March, with future fiscal statements moved to the Autumn, with one a year, rather than the two we have had. Therefore, it is not expected that there will be radical moves announced by Chancellor Phillip Hammond, with those saved for later in the year. However,… Read more »
Pension’s Triple Lock to stay for now; NS&I 2% savings bond; Money purchase annual allowance (MPAA) reduced to £4,000; Restrictions on salary sacrifice; Consultation on banning pension cold calls Triple Lock, MPAA reduction and consultation on Cold calling ban The Herald, Pensioners to keep triple lock but reform is on the horizon, 26th… Read more »
Q. I am approaching 65, my wife is 63, and we have a shortfall on the savings plan to repay our mortgage, which stands at £40,000 when it is due in a few months time. The value of our home is £300,000. We could move to a smaller property, but we are very settled in… Read more »
Q. I am a member of a defined benefit pension scheme and am coming up to retirement age at 60. The scheme is saying that some of my benefits, accrued before 17th May 1990, are subject to an early retirement penalty. Why is this? A. Pension schemes are obliged to treat men and women equally… Read more »
