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Did you know: that since 2015, ‘pensions freedoms’ allow you to access your pension pot from age 55? You can take it as a lump sum, drawdown regular amounts or buy a fixed income with an annuity.
The rules on how you can withdraw money from your pension pot became a great deal more flexible in 2015, allowing you to access your pension from the age of 55, rising to 57 in 2028 (those suffering significant ill health may be able to access their fund even earlier than that).
Investment bonds – a flexible investment vehicle which falls outside capital gains tax
Chris Egmore of Lovewell Blake Financial Planning says that onshore investment bonds can be a tax-efficient and simple way of investing for the medium- to long-term
New tax year, new ISA allowance
A new tax year brings a brand new ISA allowance, which makes now a great time to consider your options, says Chris Egmore of Lovewell Blake Financial Planning.
Business in East Anglia
The pensions measures in the recent Budget is good news for high earners, but there are still some uncertainties.
Government to review state pension age for second time
The first Review of State Pension age was undertaken in 2017 but the government has now launched a second pension age state review, which will consider whether the increase to age 68 should be brought forward to 2037-39.