Q. My mother, who is 78, needs to raise some money for a new central heating boiler. She has only her state pension with a small savings account, but she owns her own home which is worth £200,000, with no mortgage outstanding. What options does she have? A. The first thing to check is whether… Read more »
Topics covered this week: European Central Bank forced to disappoint UK retail – victim of wage stagnation? Eurozone confidence takes another knock Bond market fallout – Bill Gross leaves Pimco Japanese traders break historic ‘fat finger’ record & the economic data posts a lacklustre picture Ebola outbreak impacts the health of West-African economies For the… Read more »
Q. I am 53, and I have elected for Fixed Protection as my Pension fund is likely to exceed the Lifetime Allowance without the need for any further contributions. What other ways can I save in a tax-efficient manner? A. This is becoming a much more common question for higher earners, as the Lifetime Allowance for pension… Read more »
Latest Market Comment Tatton’s Weekly 26 September 2014
Q. I am just at the point of retiring and have received a quotation from my pension provider for a pension annuity. It states the pension will be guaranteed for 5 years. I thought a pension was guaranteed for life, can you please explain? A. Most pension annuities are guaranteed for life, (unless you have specifically requested… Read more »
