Keeping Pension Wealth in the Family

Why I Should Pay Into Pension

Pension Death Benefits – Keeping Pension Wealth in the Family New rules regarding flexible pensions such as SIPPs now allow pension wealth to cascade down the generations within the pension wrapper, creating a truly tax efficient wealth management and inheritance plan. You may now nominate beneficiaries under your personal pension plan without restriction – beneficiaries […]

Premium Bond Investment Limit Increased to £50,000

Celandine Monmouth Investments and Services

From 1st June 2015 the investment limit for Premium Bonds from NS&I increased from £30,000 to £50,000. Whilst Premium Bonds have valuable benefits, and have their place in a diversified portfolio of investments, are they right for you? Premium Bond ‘winnings’ are tax free. You are guaranteed to get back the original capital invested upon […]

Lifetime allowance reducing to £1 million

Why I Should Pay Into Pension

The Lifetime Allowance is a limit on the amount of pension benefit that can be drawn from pension schemes – whether lump sums or retirement income – and can be paid without triggering an extra tax charge. The lifetime allowance was introduced in 2006 at a level of £1.5 million. It then increased each year […]

Withdrawal of Mortgage Relief on Buy-to-Let Properties

Mortgages Monmouth Celandine IFA

From April 2017 landlords will no longer be able to claim higher rate tax reliefs worth 40% or 45% of the interest payments on their buy-to-let mortgages. Instead, the maximum relief will be set at the basic rate of 20%, although the change will be phased over a four year period. This will effectively double […]

Changes in Financial Services Compensation Scheme

Celandine Monmouth Investments and Services

Changes in Financial Services Compensation Scheme (FSCS) Compensation Limit for Deposit Accounts Currently, if you have investments held in deposit accounts with any single bank or building society, your money, up to the value of £85,000 per bank or building society, benefits from the protection offered by the FSCS. This means that if you have […]