Q. I noticed that the Summer Budget announced last week there is going to be a fundamental review of tax relief for pension schemes. Could tax relief for pension contributions disappear altogether? A. You are right, the Government has already kicked off a fundamental review of the pension tax framework to ensure it remains fit for purpose,… Read more »
Q. I have a holiday cottage which I rent out to pay the mortgage, and sometimes use myself. I have recently had the council tax bill through, and was wondering whether I qualify for the single person discount, when there are often more people than that staying in it? A. The answer could actually be better than… Read more »
Q. I have a reasonable job and I have accrued significant savings in my current account having saved more than I have spent over the last few years. Currently I hold around £95,000 – with little or no interest on these savings from my bank, I would like to know what other options are available for… Read more »
Q. I have seen the term SIPP being used quite a lot lately when reading about pensions, what is a SIPP? A. This is an acronym for a “Self Invested Personal Pension”. As indicated, a SIPP is a type of personal pension that gives you a far greater level of freedom about how you invest… Read more »
Q. I am becoming a little frustrated with the lack of action from my current financial adviser. I have a Final Salary Pension scheme from the Local Government and I want to transfer this to a personal pension so I can access the new flexibilities and cash it in. Although he has been my adviser for… Read more »
