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Insights from the Charles James team
Lifetime Isas
Chancellor George Osborne’s Budget included a new lifetime Individual Savings Account (Isa) designed to incentivise young people to start saving for their first home or pension.
Budget 2016 Summary: Tax & Savings
Among the talk of compulsory maths lessons and fizzy drinks, there were a number of big announcements regarding taxes, savings and pensions in this year’s budget.
Budget 2016 Predictions
The 2016 budget will be announced on Wednesday 16th March, and many have begun speculating the details of Chancellor George Osborne’s speech.
The UK Government Overhauls State Pensions
The new state pension system takes effect from April 6, and thousands without the necessary national insurance contributions to their name will not receive anything.
Women Receive Smaller Pensions Than Men
When it comes to pensions, women have as little as 50% of the average savings of men.
The Challenging Millennials
Financial Times have taken a look at millennials, a generation proving to be a challenge for the financial industry.
The Case for Saving into a Pension
Many people hold off on starting a pension until later in life, but here's why starting early is a good idea...
New Pension Tax Reforms to Hit The Wealthy
The latest proposed changes to the pension taxation system could have the biggest effect on the richest.
Pensions Becoming a Worry for Financial Experts
The way that pension freedoms are being used is becoming something of a worry for some financial experts.
Autumn Statement & Spending Review 2015
George Osborne gave his Autumn Statement and Spending Review. We have highlighted some of the key points from the Chancellor’s speech.
Auto-Enrolment and Pension Flexibility
Charles James MD, Dean Thorpe, recently spoke about pensions at the Taylor Bracewell seminar in Sheffield. On the agenda were auto-enrolment pensions and recent changes to pension flexibility.
Pension Misconceptions
It’s quite easy to let the details of pensions pass you by, so we take a look at some of the myths about retirement planning.
How To Top-Up Your Pension
From the 12th October, you could be entitled to receive an extra £25 a week in state pension.
Are Young Workers Saving Enough for Retirement?
Pensions encourage people to think about their finances ahead of retirement, however the current pension system may actually discourage saving.
Huge Lump Sums Withdrawn from Pensions
Since the new pension freedoms took effect in April, figures show that savers have been taking out £27m a day.
Changes to Your Pension Annual Allowance
Changes to pension tax relief are coming in April next year.
How to Avoid Pension Scams
Pensions are one of the best ways to secure your future after retirement, however pension scams are becoming more commonplace in the UK, putting people’s savings at risk.
Pensions and The Debt Cycle
Planning for retirement is important, however it extends much further than organising the best pension you can. It has recently been revealed that a worrying number of over 55s are approaching retirement with substantial debts still outstanding, which could drastically impact the amount of pension the individual has access to.
Changes to Pension Tax Relief
With the announcement of the emergency budget on July 8th, there are expected to be many changes to a number of financial legislations. One expected change is to the way tax free allowance is structured. Pre-election, the Conservative manifesto included details about how high earners’ tax relief would be decreased in order to fund an inheritance tax allowance increase of up to £1 million.
What Does the Election Mean for Your Finances?
With the upcoming General Election, it may be time to think about your finances ahead of changes to current policies and legislation. As we get closer to the day, it is wise to read up on what a new government will mean for your savings and investments. With a hung parliament likely, some of the smaller parties may get chance to push through some of their policies which could come as a surprise to some.