Recently, high inflation and economic uncertainty have kept lenders cautious, meaning higher rates for borrowers. However, despite interest rates falling, this does not necessarily mean mortgage rates will follow suit. This is because
Investing can be a fantastic way to grow your wealth, but it always comes with associated risks and making mistakes can increase that significantly. Here are some common errors that investors, both new
Retirement is a goal that is achievable for almost everyone, but not without a comprehensive plan and financial strategy. Without one, you could find that you run out of funds to support your
Christmas is a busy time, but the start of a new year is always a good opportunity to take a closer look at your investment portfolio and prepare for the year ahead. The
The 2024 Autumn Budget announcements made by the Government have caused many to rethink their pension strategy and whether these are still a relevant and useful long-term investment. You may be wondering, for
Without having a clear financial plan for when you retire, there is a risk that you will run out of funds or face unexpected financial pressures in your post-work years. A good plan
Capital Gains Tax (CGT) was a significant target for the Chancellor in the Autumn Budget – with an immediate rise put in place for both the basic and higher rate of CGT. The
With the Government’s announcement of a two per cent rise in Stamp Duty Land Tax (SDLT) on second homes, buyers now face a five per cent surcharge on additional property purchases. For aspiring
Venture capital trusts (VCTs) offer an opportunity to invest in smaller UK companies while benefiting from attractive tax reliefs. As an investor, you can receive income tax relief of up to 30 per
When it comes to taking money from your pension, careful planning is essential to minimise your tax liability and maximise the longevity of your savings. Here is how we recommend you structure your
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.
