The new rules brought about by the Retail Distribution Review (or RDR) came into effect on the 1st of January 2013 and the financial press has been full of stories about it for many months now.
So Britain has avoided a triple dip recession, but what does that really mean?
More often than not insurance companies only hit the headlines for failing to pay out claims on media worthy cases, rarely do the headlines talk about insurance companies paying out on claims with any regularity
Whilst most people will utilise their annual personal allowances for income tax or look to shelter some savings from tax within ISA’s, an annual tax exemption that is often not fully utilised by clients is the Capital Gains Allowance.
Much was written about the impact of the Retail Distribution Review (RDR) on the financial services industry before it happened, but less has emerged about what actually happened as a result.
Get up to 50% tax relief on your pension contributions
Invest up to £10,680 and pay no tax on the interest
Claim up to 30% tax relief on your investment
Are you prepared for the new pension scheme changes?
Green shoots of recovery? Lets all hope so, but as the saying goes “a bird in the hand is worth two in the bush”.
Automatic enrolment is the biggest shake-up of pensions for a generation, and it will result in millions of workers being pushed into saving money for their retirement for the first time.
Moore Stephens Financial Services are an IFA (Independent Financial Adviser) based in Corby, Northamptonshire. We offer specialist, award-winning financial advice and wealth management.We specialise in pensions, savings, tax planning and investments as well as life protection and a wide range of other topics. Whether you are looking for advice on SIPPs or planning for your retirement, we have the knowledge and experience to help. Find out more about our advice and wealth management services.
All of our Advisers are qualified Pension Specialists and can advise you on all aspects of pension planning. In fact, attaining qualifications like these is something we encourage in all of our staff and we currently have two Chartered Financial Planners within the firm. We are also proud to have been named Chartered Financial Planners of the Year 2010 by the Personal Finance Society.
Although we are located in Corby and most of our clients are based in the surrounding areas of Corby, Peterborough and Northampton, we offer our services throughout the UK and are happy to accept clients living outside of Northamptonshire. If you need help with anything from planning your pension, tax planning, or choosing a life protection scheme, please don't hesitate to contact us.