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Showing posts from October, 2018

The need for Diversification

Remember the interest on some NS&I products is potentially taxable

Some NS&I products pay returns that are free from income and capital gains tax. These include:

cash ISAspremium Bondsfixed Interest and Index-Linked Savings Certificatesjunior ISAs
With regards to Guaranteed Income Bonds, Guaranteed Growth Bonds, Income Bonds, Direct Saver and Investment Accounts, the returns are taxable but paid ‘gross’ (without tax taken off).

If you’re a UK taxpayer, you have a duty to declare the income to HM Revenue & Customs and pay any tax you owe. Please keep your NS&I annual interest statements and speak to us or your accountant. You should know that tax may change in the future.

To transfer or not to transfer?

More than 100,000 people transferred out of Defined Benefit (DB) pensions in 2017/18[1]. A DB pension scheme is one where the amount you’re paid is based on how many years you’ve worked for your employer and the salary you’ve earned. The figures show that a large number of people are still transferring out of traditional salary-related pensions, but whether this is a good idea or not depends crucially on your individual circumstances.

For many people, a guaranteed salary-related pension that lasts as long as you do and is unaffected by the ups and downs of markets, is likely to be the best answer. But there will be some who want extra flexibility or are focused on passing on some of their pension wealth for whom a transfer might be the right answer. It is vital to take, and listen to, professional financial advice in the form of pension transfer specialists before making a big decision of this sort.
Five reasons why a pension transfer might be suitable
Flexibility – instead of taking a…

Reminder of the benefits of your Personal Finance Portal

The Personal Finance Portal (PFP) is only available for our ongoing service clients. PFP can give you
access to view all your finances in one place, 24/7, on any mobile or web device. PFP enables you to view your fund information and financial portfolio in an instant.

Other benefits include:

Secure Messaging
With email and post increasingly open to being intercepted, we treat the security of the data you share with us with the utmost importance. PFP provides you with a secure messaging service, so you can quickly get in touch with your Adviser and have the peace of mind of knowing that any information you share is encrypted and completely privateA Secure Document Vault
PFP provides you with a secure Document Vault, so you can store all your financial documents online where they are secure and fully backed up - much safer and more convenient than the bottom of the filing cabinet (You can share these with us if you choose). In addition, we will share documents with you such as Financial…