When not seeking independent advice can be taxing
Posted on Jun 19, 2018
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The evidence is that, in the main, this hasn’t happened. However, these changes have seen an increase in worrying stories about people being scammed by schemes which are ‘too good to be true’ and we’ve looked at some of these in
What has also emerged recently are statistics from HMRC which would suggest that people are making some DIY retirement benefit decisions without taking proper
The total tax take in 2016/17 of £110m is
Interestingly, more and more people are now paying either a 25% tax charge on income or 55% on a lump sum. These are not small figures and highlight the need to talk to an experienced IFA, rather than trying to sort out your own pension. Nobody should pay unnecessary income tax on pension payments and, without good advice, there’s a risk you’ll end up with a tax charge you weren’t expecting.
To avoid this, it is prudent to seek independent financial advice, preferably from a Chartered Financial Planner. The Goodman Partnership is one of only 3% of Regulated Advisory Firms in the UK to achieve Corporate Chartered Financial Planning status and the first to achieve this in Kent.
For our clients, it’s further reassurance that our financial planners are highly qualified, experienced and knowledgeable. It also
When it comes your pension investments, we can help lead you through the legislative frameworks to minimise the effects of paying
To find out more,