During the mini-Budget, the Chancellor, Kwasi Kwarteng, plans to “accelerate” reforms to the pensions charge cap. This move, he said, would help to “unlock pension investments” into UK assets and high-growth businesses. Under
Adding property investment into a wider portfolio has been a popular option for many savers for a number of years. However, now new buy-to-let landlords may face a challenge as lenders pull lower
New data from has revealed that pension savers could be owed up to £6 billion from overpaid Stamp Duty Land Tax (SDLT). According to an analysis of tax records, hundreds of transfers of
Although the Help to Buy ISA may have closed, its legacy has been enjoyed by more than 17,500 first-time buyers, who have enjoyed over £35 million in bonuses this year. During its lifespan,
Savers now have access to a new type of hybrid pension scheme, which could help them improve their retirement returns. New Collective Defined Contribution (CDC) schemes are said to offer a useful “middle
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.
