We are getting closer to the end of the tax year and so it is time to think about your annual exemptions and how you can get the most out of them. The annual exemption of £3,000 can be gifted, free of Inheritance Tax, to an individual of your choice each tax year. This […]
You may have seen our previous articles on how pension exit fees are due to be capped at 1% of the pension value as of April this year. Well, Scottish Widows have gone one step further, and taken this opportunity to scrap pension exit fees altogether for their personal pension policies! They are certainly leading […]
Since the freedoms on pensions were introduced in 2015, there has been a tenfold increase in pension scammers trying to use the opportunities of pension flexibilities to their advantage. One of the most obvious, but effective, ways in which they work is cold calling. This has become such a problem that the Department for Work […]
Inflation has been slowly creeping up towards the Bank of England’s 2% target. Up from 1.2% in November, it reached 1.6% at the end of December – the highest it has been since the summer of 2014. The increase is attributed to rising air fares and food prices, as well as higher costs of […]
In the hundreds of cases reported to Action Fraud since May last year, fraudsters have been continually requesting victims purchase Apple iTunes gift cards as a means of payment for cons involving Her Majesty Revenues and Customs (HMRC). The fraudsters are using the following contact methods to defraud people: • Voicemails: Fraudsters are leaving victims […]
The well-known investment provider St James’s Place (SJP) has been through the wringer in the press over the past few weeks about their transparency regarding fees. The issue is not so much to do with the amount of fees they were charging but more to do with the fact that information on their fee structure […]
