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  • 14 April 2025

    Your pension and IHT

    By FMB

    Chancellor Rachel Reeves announced plans to include unused pension funds and death benefits within the value of estates for IHT purposes, during the Autumn Budget 2024. Under the proposals, pension administrators will report and pay IHT directly to HMRC. Death-in-service benefits paid out by employers have traditionally been separate from personal pensions for the purposes

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  • 11 July 2024

    Your Pension and the Next Generation

    By FMB

    If you thought your pension was just your retirement savings then think again.

    As well as ensuring your financial certainty when you want to stop working, a pension is a great way to support future generations. This is because defined contribution pensions are one of the most tax-efficient ways of passing on your wealth.

    No tax troubles

    Unlike Individual Savings

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  • 11 July 2024

    Record Inflows to Equities

    By FMB

    There was a record surge of interest in equity funds in the weeks leading up to the end of the tax year. According to a recent fund flow index, 2024’s ISA season was the best in the 10 years the index has produced its data. The index* recorded inflows from the middle of February to the end of the tax year, revealing that equity funds absorbed £5.17bn, representing more

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  • 04 October 2023

    Lifetime Allowance removal provides pension boost

    By FMB

    Several months have passed since the Spring Budget, which, although not necessarily packed with good news stories, held one announcement that certainly did bring considerable cheer to higher rate taxpayers. A recent survey has revealed the dramatic impact that Chancellor Jeremy Hunt’s decision to scrap the pension Lifetime Allowance (LTA) is having on people’s retirement

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  • 11 July 2023

    Striking a balance

    By FMB

    While recent financial challenges have taken their toll on everyone’s pockets, it comes as no surprise that parents are putting concerns about their children’s finances above their own, as highlighted in a recent survey of advisers*.

    Over half (55%) of the advisers surveyed noted that adult children were taking priority in clients’ wealth planning at present, with many

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  • 28 June 2023

    Retirement round-up – Developing a coherent strategy

    By FMB

    The last few years have created an increasingly complex backdrop for retirement planning. Not only has the post-pandemic era seen attitudes to work alter significantly, but macro-economic headwinds from Russia’s invasion of Ukraine and the cost-of-living crisis have created significant unhelpful market volatility. In combination, this has inevitably heightened the need for

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  • 15 February 2023

    What happens to pensions during divorce?

    By FMB

    Divorce can be a complex and emotionally challenging process, particularly when it comes to dividing assets such as pensions. In the UK, pensions are treated as a form of matrimonial property and can be split between divorcing spouses.

    The first step in dividing pensions during a divorce is to gather information about the value of the pensions. This will involve obtaining

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  • 12 October 2022

    Retire early – repent at leisure?

    By FMB

    It is the dream of many to retire early. Indeed, 270,000 people in their 50s and 60s left the UK workforce during the COVID-19 pandemic, according to the Institute for Fiscal Studies.

    Concerns about retirement poverty

    However, two thirds of people aged 50–70 who quit work or lost their job during the pandemic left the workforce earlier than expected*. This means that

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