When it comes to structuring your wealth, most people are familiar with pensions, ISAs and direct investments. Yet there’s another option that can play an important role in your financial planning, the investment
For many business owners, the biggest threat to financial security isn’t always the market, the competition or even the broader economy. It’s the risk of losing the one person whose absence could destabilise
The Pension Protection Fund (PPF) will no longer charge a levy this year, freeing up £45 million across 5,000 Defined Benefit (DB) pension schemes. This annual charge on eligible defined benefit pension schemes
The triple lock, which guarantees the State Pension rises each year by the highest of inflation, average earnings growth of 2.5 per cent has kept retirement incomes rising in recent years. The full
Life insurance is often taken out to provide financial security, but many policyholders in the UK may be overlooking a costly oversight: the way their policy is structured could expose their beneficiaries to
With interest rates softening and inflation eating into savings, many savers are asking whether a Stocks and Shares ISA could deliver better long-term returns. The wrapper still shields growth and income from Income
Pensions can be a powerful way to pass wealth on to your family in a tax-efficient manner. Under current rules, most defined contribution pensions are not counted as part of your estate for
A recent survey by Retirement Review found that only a small proportion of people in the UK “strongly trust” financial advisers. Sadly, within our profession, that trust has been eroded over the years
The Chancellor, Rachel Reeves, has announced major changes to mortgage lending rules as part of the Government’s wider reforms to boost homeownership. These changes could open the door for more first-time buyers, but
Debt is often viewed in a negative light, and for good reason. It can lead to stress, reduce savings and create long-term financial pressure. However, not all borrowing is harmful. When used with
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.
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.
