THP Blog
Not claiming Child Benefit? You could be damaging your state pension
Posted by Jon Pryse-Jones on February 15, 2019
If you are in the High Income Child Benefit Charge bracket, not claiming child benefit can be a costly mistake as you maybe putting your state pension at risk.
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Watch out for the pension tax trap!
Posted by Jon Pryse-Jones on February 8, 2019
Deciding what pension contributions to make? Don’t forget to take into account whether you have accessed any of your pension savings in this year or in an earlier tax year as there may be restrictions.
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Pensions – watch out for the tapered annual allowance and carry forward..
Posted by Laurence Sanderson on February 4, 2019
Understanding what is a tapered annual allowance, carrying forward and what can be done to minimise impact on your pension.
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Death, Taxes and Change – are your nominations up to date?
Posted by Kevin Wheeler on June 18, 2018
The two constant things in life are death and taxes; change is perhaps a third? Very little ever seems to stay the way it was, with many things changing throughout our lifetime like our careers, homes and not to forget rule changes, specifically for your pension. New rule changes allow pension funds to be passed to spouses and down the generations, making it vital to ensure that in the event of your demise your pension fund goes exactly where and to whom you want. Here we look at the importance of keeping your nominations up to date.
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Tax breaks on pensions make them a great way to save!
Posted by Kevin Wheeler on May 18, 2018
Thanks to pension freedoms, many people dip into their life savings when they choose, from the age of 55. If this is what you want to do, taking your pension as Income Drawdown as it’s known, then there are a number of things to consider if you are to make the most of your money.
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Have you checked your pension plan since April 2015? Does it have an “NDF”?
Posted by Kevin Wheeler on April 27, 2018
With effect from on 6th April 2015, some of us now have more choice on how we pass on our pension funds when we die. The first thing you need to do is discover whether your particular pension arrangement has a “Nominee Drawdown facility” or “NDF”.
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Moved job a few times over the years? Here’s how to trace your old pensions..
Posted by Jon Pryse-Jones on April 16, 2018
These days it’s very rare for people to stay in a job for life, or even for very many years. Moving from job to job can be great news for your career and your salary but things can quickly get confusing when it comes to your pension.
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Gloves off as the Pensions Regulator begins Auto Enrolment crackdown
Posted by Jon Pryse-Jones on December 13, 2017
Yes, we know. If you run a business these days, you have to deal with so much red tape that you could decorate several acres of Christmas trees with it. It’s bad enough having to deal with the taxman’s demands for VAT returns, Corporation Tax returns, PAYE and (always highly inconvenient) surprise inspections. But with
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Auto Enrolment and Workplace Pensions –the facts
Posted by THP on August 16, 2017
What does the Workplace Pension mean for employers With much uncertainty over the future of state pensions, more and more employees are now relying on their employers to help them provide for their retirement.
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Will Recent Changes to the “Money Purchase Annual Allowance” Affect You?
Posted by Jon Pryse-Jones on February 22, 2017
What is the MPAA? How does it differ from the Annual Allowance? The MPAA was introduced in April 2015 and relates to money purchase pension contributions. It applies to anyone who accesses their pension benefits on a flexible basis – or in other words, makes a draw down and takes income from their pension pot. This
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