Pensions Archives - Temple Wealth

Temple Wealth April 25, 2022 No Comments

Pension and Retirement Planning

In this current climate of high inflation, low interest rates and volatile market conditions, it is more important now than ever to make sure we are making the most of our hard earned cash. There are things we can all do to ensure our pension savings are working as hard as possible for us, and that we take advantage of the tax breaks available.

In this month’s blog we look at pensions and retirement planning and taking you through the steps of ensuring your goals and plans for the later years are given the best chance possible of being achieved.

Temple Wealth March 28, 2022 No Comments

High Inflation and Rising Interest Rates – The Impact on Borrowers and Savers

The Bank of England has recently increased interest rates to 0.75% in an attempt to tackle rising inflation in the UK which has reached a 30 year high. This means that the base rate is back to its pre-pandemic level, but what does it mean for both savers and borrowers?

Temple Wealth December 20, 2021 No Comments

Saving for retirement – to start when you are young and in work, or in later life?

A house can be a significant financial asset. However, most people don’t realise that with a little planning, their largest financial asset could be their pension. The following talks about saving early and sensibly for later life.

Temple Wealth February 22, 2021 No Comments

Tax Year-End Allowances – Use It or Lose It

With the end of the 2020-2021 tax year on 5 April 2021, here are a number of ideas to make the most of your tax allowances and available tax reliefs.

Temple Wealth November 23, 2020 No Comments

Socially Responsible Investment

The world of investment is changing, especially where it is no longer possible to ignore statements from our own UK Government making it clear that change is happening.

The Climate Change Act 2008 committed the UK to an 80% reduction in carbon emissions relative to the levels in 1990, to be achieved by 2050. In June 2019, secondary legislation was passed that extended that target to “at least 100%”.

Temple Wealth November 10, 2020 No Comments

Why have an annual review?

November 2020 and the world is still in the midst of the Global pandemic that is Covid-19.

Lockdown, and the easing of restrictions, has led us to living life and looking at life differently and more closely.

But how often should we be looking at our financial wellbeing?

Temple Wealth August 17, 2020 No Comments

Pension lifetime allowance – important planning decisions

You usually pay tax if your pension pots are worth more than the lifetime allowance (LTA), which is currently £1,073,100 (Tax year 2020/2021) and which has increased annually by the Consumer Prices Index (CPI) since the 2018/19 tax year.

The Lifetime allowance is triggered when a member reaches age 75 or accesses their pension benefits.

Temple Wealth March 2, 2020 No Comments

Pension Freedoms

April 2015 saw the introduction of pension freedoms. So, what does this actually mean for people who are looking to access their pension pot?

Prior to April 2015 the options available for the majority of people were very limited and in most cases an annuity would be the only option, offering a lack of flexibility and a poor deal especially with interest rates being at rock bottom.

Temple Wealth February 17, 2020 No Comments

ISAs – 21 years on

This April, ISAs celebrate their 21^st birthday. So, I thought it would be a good idea to remind you how good an investment vehicle they can be, just before the end of this tax year.

Statistics suggest ISAs have become a huge hit with savers. The value of adult ISAs stand at over £600 billion, shared between around 22 million account holders. They have also proved popular with successive Chancellors as a means of encouraging the saving habit with the annual subscription limit having almost trebled since launch.

Temple Wealth November 25, 2019 No Comments

What risk are you taking with your money?

With so much uncertainty out there, people are quite rightly thinking about every decision made. Sometimes even holding back on non-essential expenditure in order to keep savings or build on savings just in case.

These decisions are all based on you weighing up the pros of buying that TV vs the risk that you may need the money soon. This simple decision has lots of moving parts to it and is affected by your past decisions and experiences, as well as other considerations. You are assessing risk.

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