So there you go additional rate for tax relief on pensions for a higher rate payer (50%). Yes great if your a higher rate tax payer you can add £16,000 to your pension, the taxman automatically adds £4,000 and you claim an additional £6,000 via your tax return. At this point I have to stopContinue reading “Back to the old pension world.”
Category Archives: Business
Lets think about interest rates for a minute.
One recent bit of news in the UKis the increasing cost of inflation, the implications of this could be serious if the rate of inflation increases too much. Will this happen? If it does interest rates will increase and a fixed rate mortgage for those who are borrowing will be a top priority. However thereContinue reading “Lets think about interest rates for a minute.”
What happens after you’ve tried thinking…
Okay so you have looked at your options, and there are many ways of raising more money if you need to when you have reached retirement. Trade down to a smaller property very simple way of releasing cash but can take time depending on the housing market, may be though it’s not an option. WhatContinue reading “What happens after you’ve tried thinking…”