The current financial landscape presents a conundrum for those looking to safeguard and grow their personal wealth. Despite interest rates reaching their highest levels since 2007, the value of cash savings in the
The Centre for Social Justice (CSJ) has recently proposed a significant change to the UK’s pension landscape. They suggest that the state pension age should rise to 75 by 2035, up from the
Making sure you’re paying the right amount of tax can be taxing! If you receive a State Pension or other type of pension, then you may still need to pay tax on it.
Life insurance is a crucial financial safety net that provides peace of mind for you and your loved ones. But what if one policy isn’t enough? Can you take out more than one
The Chancellor of the Exchequer, Jeremy Hunt, is reportedly considering significant reforms to Individual Savings Accounts (ISAs), which could result in substantial tax breaks for savers. The proposed changes, expected to be announced
The Government has recently passed an important piece of legislation, the ‘Pensions (Extension of Automatic Enrolment) Act 2023’, which could significantly impact young savers across the nation. The Act, which received Royal Assent
Recent research from Canada Life has highlighted a concerning rise in financial scams affecting UK residents. According to the new study, a staggering 51 per cent of UK adults have either been targeted
Analysis of the Financial Conduct Authority’s (FCA) Financial Lives Survey has revealed a significant trust and engagement gap in pension savings, particularly among younger adults. Trust in pension providers is lowest among 25-34-year-olds
It is hard to deny that the cost-of-living crisis and rising interest rates are having a substantial impact on households, but new research indicates that over half of UK pension savers are concerned
Investing in financial markets is often perceived as a sophisticated process, involving a myriad of strategies and choices. One of the key choices an investor must make is whether to adopt an active
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.
