pensions Archives - Philip J Milton & Company Plc

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...

Will pensions ‘political football’ stay on the pitch?

The removal of the lifetime allowance (LTA) from pensions in the Spring Budget was widely welcomed by most independent financial advisers (IFAs), but recent research has shown that many believe it will not last. A survey by Standard Life has shown that more than two thirds (69%) of IFAs think that planning around the LTA...

Would you remove your own appendix to ‘save money’?

Would you begin dismantling your household pipes without knowledge to find a leak or would you call a plumber? Would you remove your own appendix with just a scalpel and a little alcohol, knowing roughly where it was and not having a clue what was connected to it or any hidden dangers? It is...

Latest on the banks crash and why forecasts are unreliable

So, a mini bank collapse (compared to the larger ones) which has passed without significant contagion, saw bank shares across the globe fall in value by $0.5trillion in a week, the most since the pandemic panic. This will affect investors’ portfolios everywhere as banks represent a large portion of market indices too. Goldman Sachs loses...

Silicon Valley Bank crash – what does it mean for us?

In view of last weekend’s news, I thought I had best issue a swift update on how we see things. At least today the US has announced that core inflation is still dropping – 6% as opposed to 6.4% so that’s good news too. The bad news is the collapse of SVB – Silicon Valley...

Seeking out those elusive lost pension pots

Somewhere out there is almost £27billion in ‘lost’ pension pots, according to a recent report. The Times tells us there are 2.8 million ‘missing’ pots out there which highlights the difficulties savers can often face keeping track of what they hold. The startling numbers are based on a report from the Pensions Policy Institute, an industry...

Prime Minister resigns

I feel I can’t keep sending ‘emergency’ eshots as things are changing so fast and the consequences and implications will take some time to digest by ‘everyone and everything’.It was sad to see the Prime Minister resign today. I don’t say that in any other way than criticism at the behaviour and reactions and...

Death by a thousand cuts

Volatility has been unrelenting. Contrary to our media’s interpretation too, it’s not just ‘us’ and the whole world’s meltdown these last few weeks is not all because of our Mini Budget where only two small unannounced tax cuts were made, if we ignore bringing forward one year Rishi’s promised 1p off the Basic Rate...

How will the Mini Budget affect your finances?

Markets? We are holding our own reasonably though Mini Budget week was savage and the negativity is continuing. Our hedging Dollar assets rose in Sterling terms and so many ‘value’ equities now are exceedingly attractive, with high dividend incomes.Do we trim some of our Defensive Dollar-based assets now? Growth areas were hit hardest –...

Are you retiring this year? Give it some thought

Hundreds of thousands of workers will retire at the ‘worst time in two decades’ this year, according to a recent article in The Telegraph. With oil prices soaring, stocks falling and ever-increasing inflation, it is certainly an unstable time for the markets upon which so many pension pots rely. The fear is that people have seen...

Pension customers ‘overpaying’ thousands in temporary tax

Will pensions ‘political football’ stay on the pitch?

Would you remove your own appendix to ‘save money’?

Latest on the banks crash and why forecasts are unreliable

Silicon Valley Bank crash – what does it mean for us?

Seeking out those elusive lost pension pots

Prime Minister resigns

Death by a thousand cuts

How will the Mini Budget affect your finances?

Are you retiring this year? Give it some thought

Risk Warning

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Philip J Milton & Company Plc

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