Pensions are supposed to represent a simple way to save for retirement. However, the presence of multiple pension pots can quickly complicate things. There is a question of whether to draw them all
When reviewing your investment portfolio, you likely have a variety of financial documents and other pieces of information that let you keep track of where your money is and what terms it is
When economic challenges arise, it can be difficult to know what to do with your money. While most would avoid shoving notes under the mattress, finding the best approach for growing wealth involves
While there are exciting elements to later life planning, like budgeting for the trip you have dreamed of for decades, there are more serious issues that need to be accounted for. You and
Salary expectations may have guided your choice of job as a worker and returns on investment should have informed your savings strategy. With retirement planning, a similar focus on the fiscal realities of
The state pension age is set to increase over time to delay the retirements of countless working people. In response to growing economic pressures, it is believed that the Government is considering implementing
As one of her final acts before renouncing the title of Chanceller, Rachel Reeves confirmed the ISA tax that the Treasury previously deemed ‘nonsense’. From April 2027, savers could face a 22 per
You are likely aware of the upcoming inclusion of unspent pension pots for Inheritance Tax (IHT) calculations from 6 April 2027. This has sparked a wave of interest in finding alternative ways to
Once your marriage or civil partnership has come to an end, there will be many things that have to be adapted to suit your new way of life. Whether you are set to
Amid the other expenses that vie for the attention of the UK population, life insurance seems to be left to one side by many. The benefit of life insurance policies may be increasingly
A pension is a long term investment. The fund value may fluctuate and can go down, which would have an impact on the level of pension benefits available. Pension income could also be affected by interest rates at the time benefits are taken.
Pension savings are at risk of being eroded by inflation.
The tax treatment of pensions in general and tax implications of pension withdrawals will be based on individual circumstances, tax legislation and regulation, which are subject to change in the future.
Accessing pension benefits early may impact on levels of retirement income and your entitlement to certain means tested benefits.
Accessing pension benefits is not suitable for everyone. You should seek advice to understand your options at retirement.
Lamont Pridmore Asset & Wealth Management is the trading name of Lamont Pridmore Asset & Wealth Management Limited. Registered in England no: 08395896. Registered address: Milburn House, 3 Oxford Street, Workington, Cumbria, CA14 2AL.
Lamont Pridmore Asset & Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register no 599259 – www.fca.org.uk/register
The Financial Conduct Authority does not regulate accountancy, taxation and trust advice, will writing, legal services, business services and some aspects of commercial mortgages.
The guidance and/or advice contained within this website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
Please note that the value of investments can fall as well as rise and you may get back less than you invested.
