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Can you leave your pension savings to your loved ones?
Pension rules now make it possible to pass your pension plan on to your loved ones without paying the previous 55% ‘death tax’. These basic checks and steps can normally make sure your pension savings go to the right people in a tax-efficient way. Many people want to leave their assets to their children or…
Saving For Retirement Is No Longer A Lifetime Away
In the 2016 budget the UK Government announced the introduction of the Lifetime ISA, a scheme through which 18-40 year olds can invest up to £4,000 per year until the age of 50, at which point the Government would add a 25% bonus to the total funds deposited. The Lifetime ISA would be accessed tax-free…
Denmark Ranked as “Best For Business” by Forbes
For the second year in a row Forbes magazine has ranked Denmark as the best country for business, placing it at no.1 in their global league table ‘Best countries for business’. Forbes has been publishing the list for the past decade, and Denmark has ranked first in six of the ten annual editions. Denmark has…
Bank of England Governor Announces Inflation Rise
The governor of the Bank of England, Mark Carney, has announced that the fall in the value of Sterling will result in a rise of inflation on goods and services, starting with food prices in the next few years. Mr. Carney spoke at a public roundtable where he announced the rise, and warned that the…
How to help your retirement income last when costs are rising? Few more tips
In the previous article we started talking about planning your pension to ensure you have enough money to sustain your lifestyle throughout your retirement. Here are a couple more things to consider when organising your finances today. Consider other sources of income. It’s worth considering whether you have other sources of income that could let…