Pension funds can be very effective in estate planning

March 28, 2018 | by Sian Kelly | No comments

As well as the increased flexibility in terms of drawdown arrangements that were introduced in April 2015 there were some important changes to what happens to the undrawn funds on death. These changes mean that your pension fund can be passed to survivors tax efficiently.

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Unlocking your pension age 55 plus

January 24, 2017 | by Sian Kelly | No comments

Changes were introduced with effect from April 2015, which provide those aged 55 plus with greater access to their pension savings. Where an individual has a defined contribution (money purchase) scheme, it is no longer necessary to purchase an annuity with the pension pot.

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Year End Pension Planning

March 11, 2015 | by Karen Inform | No comments

Are you taking advantage of the pension carry forward rules? Are you benefiting from any unused allowances from the previous three tax years? This is generally the difference between the old £50,000 limit and the pension input each year and can be added to your relief for 2014/15. Note that the annual pension allowance is £40,000 from 6 April 2015.

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