Q. My employer has just told me that they intend to auto-enrol me into a company pension scheme? Should I join? I am 54 so it hardly seems worth it as the total contribution is only going to be £40 per month? A. In the past, this was often a difficult question to answer, as a… Read more »
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 »
Financial Planner, Jamie Tocher will be a guest speaker at the Society of Trust and Estate Practitioners (STEP) North East and Cumbria Branch meeting on Thursday 8th May. Jamie will be discussing the options available in investing personal injury compensation and protecting income and assets using trusts. Jamie specialises in investment, tax and wealth management… 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 »
