retire Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/retire/ North Devon's Leading Wealth Managers Wed, 25 Sep 2024 14:21:12 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.1 https://www.miltonpj.net/wp-content/uploads/2018/02/PJMCO-Site-Image-4-100x100.png retire Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/retire/ 32 32 Don’t get fined if you have to complete a tax return this year https://www.miltonpj.net/2024/09/04/more-people-facing-self-assessment-tax-returns/ Wed, 04 Sep 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11378 Self-assessment Tax Returns are a pain for the self-employed and increasingly for many modest investors who may not have realised they need to complete one – with many more fines being issued as a result. A Freedom of Information (FOI) request from City platform AJ Bell notes has found that 3.6million people are due to […]

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]]> Sterling effort, investment and taxes https://www.miltonpj.net/2024/08/30/sterling-strong-against-dollar-investment/ Fri, 30 Aug 2024 15:45:37 +0000 https://www.miltonpj.net/?p=11340 The US Dollar’s the lowest against Sterling since April 2022. That’s a 20% ascent for Sterling since the Sept 2022 low. It has been weaker these last few weeks as it is expected that interest rates will be cut even though US inflation readings are mixed. Currency volatility can work for you or against you […]

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]]> The King’s speech and ‘pensions shake-up’ https://www.miltonpj.net/2024/07/24/pensions-shake-up-after-kings-speech/ Wed, 24 Jul 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11390 It’s some three weeks since the election and the new Government has unveiled a raft of measures in its first King’s speech, including some wide-ranging changes to pensions. The Pension Schemes Bill is being hailed as a win for savers with an estimate it could put an extra £11,000 into retirement pots. In short, workplace […]

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]]> Where there’s a Will – make sure it’s done the right way https://www.miltonpj.net/2024/07/17/has-your-will-been-done-correctly/ Wed, 17 Jul 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11394 Disputes over the validity of Wills and quarrels over the inheritance of estates are as old as the hills and no doubt ancient civilisations had very similar problems – though their solution was probably somewhat blunter than we are used to! We’ve visited the topic before, but it was an eye opener recently to hear […]

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]]> Half of those who withdraw from their pension ‘take no advice’ https://www.miltonpj.net/2024/06/19/half-of-those-who-withdraw-pension-lack-advice/ Wed, 19 Jun 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11402 We’ve said it before, but would you attempt to remove the engine from your car if you weren’t a skilled mechanic? Or perhaps fix your plumbing pipework without any practical plumbing skills? No you wouldn’t. Even if you watched YouTube videos and read online ‘how to’ guides, you would not be as informed or skilled […]

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]]> Please think twice and don’t become a scam victim https://www.miltonpj.net/2024/06/12/dont-be-a-victim-of-financial-scams/ Wed, 12 Jun 2024 09:00:00 +0000 https://www.miltonpj.net/?p=11406 There is more to being a wealth management service than looking after clients’ pension pots or seeking good investment opportunities on their behalf. Many times over the years we have been in business, we have found that we are a crucial barrier to our clients being scammed. ‘Of course that won’t be me!’ exclaims the […]

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]]> Why do some pension transfers take so long? Blame the ‘sludge’! https://www.miltonpj.net/2024/05/08/why-do-pension-transfers-take-so-long/ Wed, 08 May 2024 12:39:59 +0000 https://www.miltonpj.net/?p=11169 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 […]

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]]> Are your retirement finances what you hoped for? https://www.miltonpj.net/2024/04/17/retirement-finances-what-you-hope-for/ Wed, 17 Apr 2024 12:13:03 +0000 https://www.miltonpj.net/?p=11163 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 […]

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]]> Are you paying the wrong pensions tax? https://www.miltonpj.net/2023/06/14/are-you-paying-wrong-pensions-tax/ Wed, 14 Jun 2023 09:06:00 +0000 https://www.miltonpj.net/?p=10693 One of the ‘top 10’ most common tax mistakes people make is not telling HMRC they are about to retire, according to the Age UK. The charity has warned retirees could end up paying the wrong amount of tax if they don’t tell HMRC about their State Pension. You must tell HMRC about any changes […]

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