How To Protect Yourself From The Proposed Capital Gains Tax Hike

Content provided by Beaufort Financial: If you are an investor, own a second home or regularly sell high-value assets, you could soon have to pay a lot more tax. Advisers to the Government have recommended hiking and reforming Capital Gains Tax (CGT) in a move that could raise billions to pay for the spiraling economic cost of coronavirus. If the …

As we say RIP to RPI: Here’s How It Will Affect Pensions

Chancellor Rishi Sunak announced in his Autumn Spending Review that the retail prices index (RPI) will be effectively abolished in 2030. While this is later than was previously assumed, his predecessor having pushed for a faster change, the implications are still important to savers and investors. RPI measures the rising price of goods and services but has been superseded by …

Stamp Duty Boom: Where Next For The Property Market In 2021?

The property market has been on a roll in recent months, but whether or not this can continue into 2021 remains to be seen, with the Stamp Duty cut ending and unemployment rising. At the time of writing the most recent house price index (HPI) from Nationwide Building Society suggested that house prices were growing 6.5% year-on-year in November. This was an …

Should You Take A Tax-Free Lump Sum From Your Pension?

Your 55th birthday, rising to 57 in 2028, often marks being able to access your pension for the first time. The opportunity to take a 25% lump sum tax-free is certainly attractive and can be too tempting to resist. But it’s not a decision to take lightly and it isn’t the right move for everyone.

Accessing A Child Trust Fund: What Are The Options?

In September, the first children to benefit from Child Trust Funds were able to access them. So, what are they and if your child or grandchild has one, what are the options? Child Trust Funds were introduced in April 2005 by the then Labour government. The government automatically opened a Child Trust Fund in the name of every child born …

84 Years Of Markets Ignoring Reasons Not To Invest

The most dangerous thing to say in investing is “this time it’s different”. We have taken a look back over the last 84 years at all the biggest reasons reasons you could come up with in any given year to not invest.

UK’s Biggest Pension Fund Divests From Fossil Fuels, What Does It Mean?

The UK’s biggest pension fund, Nest, is beginning the process of divesting its huge portfolio from fossil fuels. But what does that mean and why is it making the change? Nine million pension savers use Nest to build a retirement fund. It handles the retirement savings of many workers that have begun saving under auto-enrolment. It has £9.5 billion in …

Does Market Volatility Affect Your Pension Choices?

If you’re retiring this year, you may be worried about what the market volatility caused by Covid-19 means for your options. The good news is that Pension Freedoms, introduced in 2015, means you can choose how and when you access your retirement savings. Market volatility may have affected the value of your pension but that doesn’t mean your overall plans …