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Insights from the Charles James team
Budget 2016 Summary: Tax & Savings
Among the talk of compulsory maths lessons and fizzy drinks, there were a number of big announcements regarding taxes, savings and pensions in this year’s budget.
The UK Government Overhauls State Pensions
The new state pension system takes effect from April 6, and thousands without the necessary national insurance contributions to their name will not receive anything.
Women Receive Smaller Pensions Than Men
When it comes to pensions, women have as little as 50% of the average savings of men.
The Challenging Millennials
Financial Times have taken a look at millennials, a generation proving to be a challenge for the financial industry.
Revisions to Inheritance Tax
The number of families in the UK paying inheritance tax is at a 35 year high...
New Pension Tax Reforms to Hit The Wealthy
The latest proposed changes to the pension taxation system could have the biggest effect on the richest.
Pensions Becoming a Worry for Financial Experts
The way that pension freedoms are being used is becoming something of a worry for some financial experts.
Are Young Workers Saving Enough for Retirement?
Pensions encourage people to think about their finances ahead of retirement, however the current pension system may actually discourage saving.
Huge Lump Sums Withdrawn from Pensions
Since the new pension freedoms took effect in April, figures show that savers have been taking out £27m a day.
Changes to Your Pension Annual Allowance
Changes to pension tax relief are coming in April next year.
The EU Countries With The Longest Working Hours
A recent study published in the Independent shows the average number of hours worked in the EU by country. The average number of hours worked is 37.2, but do we in the UK work more or less?
Money In Your 20s
What were your attitudes towards money when you were in your 20s? You were probably not thinking about savings and investments, or planning for your retirement.
Helping Your Employees Prepare for Retirement
By now, all small businesses should be aware of workplace pensions. You might have seen the advertising on TV – ‘Workplace Pensions. We’re All In’. That may already be true of the country’s largest businesses, but to smaller businesses and their employees, implementation is now looming large on the horizon. If you employ one or more qualifying people, then at some point you will have to comply and set up a qualifying Auto Enrolment Pension Scheme.
Are You Ready for Retirement?
Planning for retirement is not a straightforward process, and when it comes to choosing a pension there are lots of different things to take into account. You may not be aware, but there are actually three different types of pensions. Let’s explain a little about them…