Women will have to save an average of…

James Rixon All, Article, Pension Leave a Comment

Women will have to save an average of 3 percentage points more than men throughout their careers to enjoy the same income in retirement finds research. Read more on this from the Telegraph: http://www.telegraph.co.uk/pensions-retirement/news/pay-gap-means-women-must-save-3pc-get-pension-income/ Do you need to speak to someone about your pension arrangements? Contact us on 01903 882007. Remember, a pension is a long-term investment. The fund value …

Welfare and pensions secretary believes the government will have to…

James Rixon All, Article, Pension Leave a Comment

Welfare and pensions secretary believes the government will have to reform the triple lock on pensions within his lifetime reports the Guardian. Read more on this here: https://www.theguardian.com/money/2017/jun/22/triple-lock-on-pensions-will-go-eventually-says-pensions-secretary

Are you considering transferring some or all of your pension pot?

James Rixon All, Article, Pension Leave a Comment

Are you considering transferring some or all of your pension pot? Talk to The Mellor Practice for guidance… If you have questions about your pension arrangements, why not talk to us on 01903 882007. Remember a pension is a long-term investment. The fund value may fluctuate and can go down. Your eventual income may depend upon the size of the …

Minister suggests women hit by pension age change ‘take up apprenticeships’

James Rixon All, Pension Leave a Comment

The pensions minister is facing criticism after suggesting that millions of women in their 60s who are facing cuts to their state pension could take up apprenticeships as a route to re-employment reports The Guardian. Talk to The Mellor Practice to explore retirement goals. https://www.theguardian.com/money/2017/jul/05/women-hit-by-pension-age-change-can-take-up-apprenticeships

‘I nearly lost my £10k when a letter was sent to my old address’

James Rixon All, Article, Pension Leave a Comment

‘I nearly lost my £10k when a letter was sent to my old address’ – must read article on pension transfers from This is Money… http://www.thisismoney.co.uk/money/pensions/article-4470206/Victory-worker-lost-10k-Reckitt-pension.html Call The Mellor Practice on 01903 882007

Are you losing money in cash ISAs?

James Rixon All, Article, Investment, ISA Leave a Comment

A recent report reveals the true scale of losses people who keep their long-term savings in cash ISAs have suffered, compared with those taking a more diversified investment approach. Read more on this here: https://lnkd.in/dTaUy9E Call The Mellor Practice on 01903 882007 Remember, the value of your investments can go down as well as up, so you could get back …

Have you thought about reducing your Inheritance Tax bill…? (Case Study)

James Rixon All, IHT Leave a Comment

Mrs A, a divorcee who approached us for help with reducing her Inheritance Tax bill. She has a valuable house in London and a small portfolio of buy-to-let properties. Her income is relatively modest in spite of her large Inheritance tax bill – approaching £200,000 – and as she is now retired, she does not wish to take on a …

How flexible is your Pension…? (Case Study)

James Rixon All, Pension Leave a Comment

Mr D is reducing his hours at work from 5 days to 3 and needs to top up his income from his pension savings, with a view to increasing the income drawn down when he retires fully in 5 years. He contacted us with questions on the options open to him. He does not wish to use annuities as this …

Working after State Pension age

James Rixon All, Article, Pension Leave a Comment

What happens if you want to keep working after you reach State Pension age? Do you have to retire? Read more here: https://lnkd.in/dCf3Tgx

Buy-to-let investors remortgage homes to pay…

James Rixon All, Article, buy-to-let Leave a Comment

Buy-to-let investors are re-mortgaging homes to pay down landlord loans ahead of higher tax reports Telegraph Money: https://lnkd.in/dKtRfrU