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Pension Freedoms Ignorance isn’t bliss

Pension Freedoms: Ignorance isn’t bliss

Real knowledge is to know the extent of one’s ignorance. Attributed to Chinese philosopher Confucius, this timeless phrase has never been more apt than when applied to the topic of Pension Freedoms. A new report, from Old Mutual Wealth has revealed that many 50-60-year olds are uninformed about Pension Freedoms, with: 45% not knowing about…

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Families to pay an extra £900m Inheritance Tax by 2022

Families to pay an extra £900m Inheritance Tax by 2022

The Office for Budget Responsibility (OBR) has revealed figures which show that the estimated Inheritance Tax (IHT) payable on estates over the next five years is due to rise by almost £1 billion; from £32.4 billion to £33.3 billion. This rise is due, in part, to a larger population; more people are dying, therefore more…

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Autumn Budget 2017: Were you a winner or a loser?

Every Budget has winners and losers; with some people faring better than others. So, how did you fare? Read on as we reveal whether you are a winner or a loser after Philip Hammond’s second Budget of 2017. Winners First-time buyers Those buying a home for the first time will now benefit from the abolishment…

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Autumn Budget 2017: Everything you need to know

The Chancellor, Philip Hammond rose to his feet at 12.38 to deliver his second Budget of the year. The days leading up to the Budget have been dominated by talk of housing, Universal Credit and, most surprisingly, rail cards. Mr Hammond started in a bullish and optimistic mood, saying: I report today on an economy…

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