Half a million workers past pension age could be paying unnecessary tax
A significant number of people working past the state pension age could be paying unnecessary tax on their state pension, according to new research. This is because they failed to take up the option of deferring their state pension until they stopped work. As a result, their entire state pension is being taxed, in some cases at 40%.
Tailored to match your particular needs and aspirations
One of the most important stages in life which everybody has to save for is retirement. We work hard to enjoy our current lifestyle but are we doing enough to ensure that we can continue to enjoy it in our retirement? Many of us live for today, but saving into a private pension plan can help us retire sooner rather than later.
It’s important to be able to keep your finances healthy as you recover from an illness or injury. Being unable to work can quickly turn your world upside down. No one likes to think that something bad will happen to them, but if you couldn’t work due to a serious illness, how would you manage financially? Could you survive on savings or sick pay from work? If not, you may need some other way to keep paying the bills – and you might want to consider income protection insurance.
Innovative products to be created for would-be home owners
The Building Societies Association (BSA) have recently published a raft of recommendations as to how the mortgage industry can support the Bank of Mum and Dad in their endeavours to help first-time buyers onto the property ladder.
You want to pay the minimum amount of tax legally possible. We want that for you, too. The 2019/20 tax year started on 6 April and in general taxpayers will have more money in their pocket after increases to allowances came into force, but there are a few losers, in particular those selling shares and buy-to-let landlords.
Meeting the cost of residential and nursing care in old age
Long-term care insurance provides the financial support you need if you have to pay for care assistance for yourself or a loved one. It involves a variety of services designed to meet a person’s health or personal care needs during a short or long period of time. These services help people live as independently and safely as possible when they can no longer perform everyday activities on their own.
Investors Planning Associates Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales Reg No. 992112 VAT Reg No. GB 467 243 827 Registered Office: Drake Building 15 Davy Road, Plymouth Science Park, Derriford, Plymouth, Devon, England, PL6 8BY
The material on the site is the copyright material of Investors Planning Associates. You may not copy, reproduce, republish, disassemble, decompile, reverse engineer, download, post, broadcast, transmit, make available to the public or otherwise use Investors Planning Associates’ content in any way except for your own personal, non-commercial use. This includes but is not limited to all individual fund manager data such as rankings of fund managers and ratings of fund managers. Investors Planning Associates does not accept any liability for your reliance upon, or any errors or omissions. Any other use of Investors Planning Associates’ content requires the prior written permission of Investors Planning Associates.