Recent research from MetLife UK has revealed that over half (52 per cent) of working parents have no form of financial protection. This means should they find themselves needing to take time off
The UK’s consumer confidence grew again in May, with people continuing to see a brighter future for their finances. This is according to the Consumer Confidence Index from researchers GfK. They saw a
Introduced in November 2021, Long-Term Asset Funds (LTAFs) are a relatively new category of UK-authorised and regulated open-ended fund vehicles. They are specifically designed to facilitate investments in long-term, less liquid assets while
Defined Benefit (DB) pension schemes have long been a cornerstone of retirement planning in the UK, offering retirees a guaranteed income based on their salary and years of service. However, the sustainability of
With the start of the next tax year a recent memory, many of us will be looking to find the best ISA deal to make the most of the new year’s £20,000 allowance.
In an eye-opening revelation, the latest figures for the 2020-21 tax year have showcased the immense potential of Individual Savings Accounts (ISAs) in the UK. With the largest ISA pot exceeding £11.6 million,
In a recent turn of events that could signal a positive shift in the UK’s economic landscape, a closely watched survey has revealed that UK consumers’ confidence in their personal finances has reached
UK pensions are on the cusp of a significant transformation, thanks to the concept of a “Pot for Life.” Since the introduction of auto-enrolment, which has seen a remarkable uptake with 88 per
In a promising development for the UK economy, analysts from Bloomberg Economics and the National Institute for Economic and Social Research have forecasted that the inflation rate could fall below two per cent
Jeremy Hunt unveiled a novel British Individual Savings Account (ISA) in his spring Budget statement that aims to invigorate investment in the United Kingdom. What is the new British ISA? The British ISA
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.
