Critical gap in consumer awareness

Drawdown allows most pension holders to withdraw a tax-free lump sum and reinvest the remainder as an income. But hundreds of thousands of DIY drawdown investors are unaware they can scale back or stop their withdrawals, putting them in danger of draining their retirement savings too rapidly, according to new research [1]. Half (52%) of…

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How to give away your wealth and keep some control

Trusts are not a one-size-fits-all solution, but they are incredibly useful for protecting and giving you control over your assets. Appropriate trusts can be used for minimising or mitigating Inheritance Tax estate taxes, and they can offer other benefits as part of an integrated and coordinated approach to managing wealth. A trust is a fiduciary…

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TIPS Financial Magazine - September/October

TIPS Financial Magazine Sep/Oct 2019

Welcome to the latest issue of our TIPS Financial Magazine. At the time of writing, the UK Government said it is ‘ready and willing’ to do a deal to leave the EU if new terms are negotiated with Brussels. But the new Prime Minister, Boris Johnson, has vowed the UK will leave the EU ‘come…

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Generation Still Taxed

Numbers nearly double in the last two decades. With so much choice on offer, and with frequent rule changes and distinct tax benefits to consider, finding the right vehicle for your retirement planning is essential. Add to this the number of taxpaying pensioners nearly doubling over the last two decades, and with talk of also…

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Should I stay or should I go now?

Whatever you want to do when you retire, the better prepared you are, the more rewarding it will be. It’s important to assess the key aspects that will influence your retirement, as the decisions you make can have a real impact on your savings. There are some important considerations to think about. Timing Drawing savings…

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Financial Protection

Families are left in a precarious situation if the unforeseen were to happen making financial protection more vital than ever. We all intend that our plans will come good. But making sure that you and your family can cope if you fall ill or die prematurely is something we can too easily put to one…

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Impact Investing Without Sacrificing

Impact investing without sacrificing returns or profits. For those looking to make the world a better place, but not wanting to sacrifice returns or profits, impact investing aims to support a positive social or environmental impact as well as looking to achieve compelling financial returns at the heart of sustainable investing. The term ‘impact investing’…

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Workers Extend Their Careers

Workers extend their careers for a multitude of reasons, meaning later retirement. When do you plan to retire? Saving for your retirement is a lifelong undertaking – and if you want to enjoy a comfortable retirement, you can’t stand planning soon enough. The more you contribute to a pension now, the better chance you’ll have…

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Cash may not be King

Pension savers risk a significant tax bill. For most people over the age of 55, it is now possible to cash in or unlock all of your pension. How you take these benefits will depend on the type of scheme you have and how you want to take benefits. But concerns have been raised that…

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Seize The Day

Exactly how much you’ll need for a comfortable retirement will depend largely on your cost of living and lifestyle choices. For many people, retirement is about sun-soaked holidays, leisurely rounds of golf and that boat they’ve always coveted. But retirement is not what it used to be, with more of us working longer to build…

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New Sep/Oct TIPS Magazine out now

Our latest version of the TIPS magazine is now out and available to download on our website. The September/October issue covers the latest financial news and topics designed to keep you up to date and help you plan any changes in your life and financial circumstances. For most people over the age of 55, it…

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Ethical Saving and Investing

Ethical saving and investing can help make the world a better place. Whether it’s termed ethical, responsible or sustainable investing, the aim is generally the same. It’s investing your money in businesses which have some intention of making the world a better place. In the past, ethical investing was the only option if you wanted…

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