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
Retiring before you reach State Pension Age (SPA) is possible, but it takes careful planning. The earlier you stop working, the longer your money needs to last, and the more pressure it puts
Artificial intelligence (AI) is becoming more common in the world of finance. From chatbots to investment tools, many services now use AI to offer guidance. However, recent research shows that it might not
If you are aged 55 or over, pension freedoms give you more control over your retirement savings. Since 2015, anyone with a Defined Contribution pension can take money out in several ways, as
Green investing has soared in popularity. Sustainable investing continues to attract UK investors, with sustainable equities drawing £12.05 billion in 2024. Additionally, 64 per cent of British consumers are willing to pay up
Emergency savings can be the financial buffer that stops short-term shocks from turning into long-term struggles. However, according to the Financial Conduct Authority (FCA), one in ten people in the UK have no
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.
