Taking Benefits From Your Pension

When you come to take benefits from a pension scheme it is usual to take or receive a tax free cash sum income as follows: A tax free lump sum or Pension Commencement lump sum. This is usually up to 25% of the fund value (this is different for final salary schemes). You might use…

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Spring Investment Conference

Westerby Investment Management’s bi-annual seminars continue to attract support, with around 100 clients and professional contacts receiving an insight into investment markets over the last 6 months and topical financial planning opportunities. Colin Hopewell of Westerby Investment Management gave his top 10 financial planning tax tips at Leicester’s iconic Y Theatre and the IOD in…

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Six Steps to a sound Financial Plan

Six steps to a sound financial plan: Establish short, medium and long term goals in life Identify and list down all of your Assets and Liabilities. Look closely at your current financial situation – are you close to achieving your goals? Put together a plan in order to achieve your different goal – do you…

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Post-Budget seminars look at Inheritance Tax Planning and Cashflow Modelling at London’s RAC Club and Leicester’s Y Theatre

Westerby Investment Management will be hosting their autumn seminars at The RAC Club in London and Leicester’s Y Theatre next month. The Westerby team will provide an insight into Inheritance Tax Planning and Cashflow Modelling in retirement. They will be joined by key investment strategists from Tatton who will give an insight into investment markets…

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Pensions and Tax – A Brief Summary

Some of the most commonly asked questions regarding pensions and tax are outlined below. 1. How does emergency tax work? Normally the first income paid from a pension will have emergency tax applied to it, as the pension provider will need to contact HMRC to get the right tax code for the person taking the…

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