THP Blog

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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death and taxes
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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tax breaks on pensions
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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tracing your pension
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 crackdown banner
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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document of a pension review with a calculator and money on the right hand side
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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Retirement funds
Take Advantage of the New Pensions Advice Allowance!
Posted by Jon Pryse-Jones on February 15, 2017

Last week the Government announced its long anticipated plans for a Pensions Advice Allowance, following initial murmurings as part of last year’s Autumn Statement. The scheme is due to come into force on 6th April 2017. If you are thinking “whoopee I can just put in a claim and the government will pay for me to

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Pensions Advice Allowance
Master Trust Pensions – have you been duped?
Posted by Jon Pryse-Jones on July 20, 2016

As the months roll by and the smaller employers reach their staging dates, the need for them to sort out their Workplace Pension arrangements becomes a lot more urgent. At THP, we are painfully aware that despite numerous warnings many small employers will either leave it until the last minute to put a qualifying scheme

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Marry your long term partner by April 2016 or you could lose out big time!
Posted by Jon Pryse-Jones on October 7, 2015

Not got round to proposing? Keep putting off those wedding bells? Do it soon or you could lose valuable pension income in the future… Last week, my sister Judy got married to her long-term partner Clive. It was a wonderful ceremony, and I was so happy that they tied the knot after fifteen years together.

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lose valuable pension income
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