Is a state pension age (SPA) of 75 looking more likely? The state pension age, the age at which you can start to claim your state pension, has been steadily increasing over recent years. The actual age at which you can claim your state pension depends on your gender and when you were born. …
How would you feel about taking your pension at 75? Read More »
Ben Slater, a former apprentice with The RU Group becomes one of the youngest chartered financial planners in the UK. Previously ‘High Achiever of the Year’ Ben received Chartered status in record time. Recently, we received the excellent news that our former apprentice turned IFA, Ben Slater, had successfully passed all his exams and achieved …
One of the youngest chartered financial planners in the UK Read More »
A Freedom of Information (FoI) request has revealed a gap in HMRC’s knowledge about how many people have been hit with penalties around the pension annual allowance. The pension annual allowance, which effectively sets the tax-efficient ceiling on annual pension contributions, used to be a subject of little interest, even among pension professionals. When it …
In July the Office of Tax Simplification (OTS) published its long-awaited second report on inheritance tax simplification. It contained a range of useful proposals. The report, which focused on simplifying the structure of inheritance tax, contained some surprises, not only in the recommendations it makes, but also in those areas it has left untouched. Gifts The …
What is planned for inheritance tax simplification? Read More »
The concept of a pension dashboard was mentioned in the Queen’s speech in parliament yesterday. It’s a new innovation in the pensions and advice market by the Department for Work and Pensions, which needs a bit of further explanation. Company pension schemes The way we now work means that changing jobs is far more common …
We are delighted to welcome the University of Lincoln’s ‘Best Finance Student’ to our team. Over the summer, we were delighted to welcome Emma Raine to our Nottingham HQ as a full-time Client Servicing Administrator. Emma graduated in September from the International Business School at the University of Lincoln with a First Class Honours Degree …
Lincoln’s ‘Best Finance Student’ joins The RU Group Read More »
How well do you understand the ins and outs of inheritance tax rules? What is permissible as a gift, and which exemptions apply? A survey by HMRC published earlier this year concluded that the public has a relatively poor knowledge of inheritance tax rules and lack of confidence in what they do know. HMRC commissioned …
How well do you understand inheritance tax rules? Read More »
A media opportunity sees our Financial Planning Manager Nick Onslow help a former Royal Mail employee access his pension. Earlier this year, our Financial Planning Manager Nick Onslow was featured in national newspaper iNews.co.uk. He was contacted by personal finance journalist Elizabeth Anderson to provide advice on a case regarding a former Royal Mail employee …
HM Revenue and Customs (HMRC) has reported a new record high for Inheritance Tax receipts received in 2017/18, coming in at around £5.2 billion. However the use of the nil-rate band is lower than expected. This equates to a £400 million or an 8% year on year increase in the amount received in the 2016/17 …
Low take up of nil-rate band for inheritance tax Read More »
Cyber liability – by our partners Russell Scanlan Ltd. Historically we have always tended to insure physical assets and liabilities; things we can see and touch – allowing us to manufacture a common perception about what would happen if such things were lost or damaged. Today and for several decades now, there is a far …
