pension pot Archives - Philip J Milton & Company Plc

UK shares, Budget and what’s next?

Good news in that the Bill about Investment Trust charges’ reporting is very much back on parliamentary agenda. Readers might recall the Election stymied the last attempt. Success would be a very useful outcome for holders of these investment vehicles and see reductions in discounts to asset values as well as open new investment...

Fortune’s coin has flipped

Hasn’t it been lovely to actually have some real spring weather for a change! The Garden is looking lovely, with clematis, azaleas and wisteria either in bloom or soon, complemented by apple blossom, early bedding plants and the grass in otherwise muddy areas finally showing signs of recovery, from such a wet start to...

Why do some pension transfers take so long? Blame the ‘sludge’!

Clients often come to us wishing to transfer pension funds from previous employment into one consolidated pot so they can better manage their retirement fund – but the process can at times be a long one due to ‘red tape’. Anti-scam regulations – quite rightly there to protect people – can slow the transfer down...

Are your retirement finances what you hoped for?

A recent survey has found ‘retirees’ have around £131,000 in pension savings – half of what they had hoped for. The research by Standard Life found that pensioners-to-be had aimed for at least £250,000 in their pension pot, but the actual amount meant they were some £480 a month worse off in retirement. The Firm’s ‘retirement...

A dubious watershed?

So they have done it... the big seven US stocks have accounted for 75% of the gains of the whole US market this year, powered higher by Nvidia’s stunning results last Wednesday week. The biggest 10% count for 75% of the value of the whole market, the highest since the 1930s. That’s higher that...

Are you confident about your retirement plan?

A recent study by Standard Life has shown that less than one in 10 of those aged over 65 feel confident about managing their retirement finances. Retirement is of course an uncertain time for many people, whether financially or simply the trepidation of entering the unknown and perhaps not knowing how you might spend your...

How much do you need for a ‘comfortable’ retirement?

UK residents need at least an extra £26,000 in addition to their State Pension to live a ‘comfortable’ lifestyle during their retirement, according to recent data. The research was carried out by Standard Life, which used the MoneyHelper annuity tool from www.moneyhelper.org.uk to work out how much people would need in their pension pot to...

The early bird gets the pension payout

We have said it before, but it’s never too early to start planning your retirement – research released this week has shown those who save into a pension in later life will be significantly worse off, despite earning a higher salary. Analysis by Standard Life found those who started pension savings between the ages of...

Don’t put pension planning on the back burner

Assurances have been made that the State Pension age is ‘unlikely’ to rise to 68 years-old but the ongoing speculation does bring into focus the need to have a clear understanding of the issues and to plan for retirement. The current age is 66 and the Work and Pensions Secretary recently said in parliament it...

Pension customers ‘overpaying’ thousands in temporary tax

Those who have made flexible withdrawals from their pension pot could have paid thousands more in tax than they should have done – if only temporarily. New figures show the ‘temporary overpayment’ is more than £1billion since 2015 and £48million in the first three months of this year alone. HM Revenue and Customs (HMRC) will repay...

UK shares, Budget and what’s next?

Fortune’s coin has flipped

Why do some pension transfers take so long? Blame the ‘sludge’!

Are your retirement finances what you hoped for?

A dubious watershed?

Are you confident about your retirement plan?

How much do you need for a ‘comfortable’ retirement?

The early bird gets the pension payout

Don’t put pension planning on the back burner

Pension customers ‘overpaying’ thousands in temporary tax

Risk Warning

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Philip J Milton & Company Plc

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