Can you inherit a pension?

September 18, 2018

One of the questions Enable’s experienced IFA’s are regularly asked is can you inherit a pension. When considering wealth management and inheritance issues it is good to think of the long and the short term. In most cases, a private pension can be inherited by anyone when you die not just your spouse or children. The way you have decided to take your pension, however, will affect how it can... more >

Equity release to boost your pension?

September 16, 2018

Enables’ IFA’s in Bishop’s Stortford are regularly asked about equity release from property to boost pensions.  According to some recent reports form Retirement Advantage, there has been a striking rise in the number of people using equity release to buy a new property. Some 10.3% of the company’s customers took out an equity release loan in order to pay for a new property purchase in ... more >

Thinking of Cashing-in your pension pot?

September 3, 2018

Enable’s IFA's have had lots of conversations about cashing in pension pots since reforms were introduced in April 2015 by the chancellor at the time, George Osborne. But many people are making a poor financial decision by taking some of their pension pot in cash. Some pensioners could receive 37% more retirement income every year by investing rather than cashing in, says the Financial Conduct A... more >

Lasting Power of attorney alongside your will

September 1, 2018

We all know that we should write a will but do we all know we should also consider something called the lasting power of attorney? As part of your financial planning Enables’ IFA's also suggest LPA planning. Unfortunately, mental or physical incapacity can hit at any time and it makes sense to plan ahead to ease the potential burden on loved ones. It is predicted by the Alzheimer's Society th... more >

Tax relief on pensions

August 30, 2018

Enable’s IFAs in Bishop's Stortford help with financial planning and managing your tax relief on pensions is a part of that. But if you are over 55 and dipping into your pension pots while continuing to benefit from workplace pension contributions you are at risk of serious tax charges. The annual tax relief allowance on pension contributions is up to £40,000 a year. But if you are over 55 a... more >

Labour Markets remain strong – Economic review July 2018

August 16, 2018

The latest of official employment statistics show that the UK labour market remains in a robust state, with the proportion of people in work rising to yet another record high. Data from the Labour Force Survey showed that the number of people in work rose by 137,000 during the three months to May 2018. As a result, the overall employment rate (the proportion of 16– 64-year-olds in work) rose ... more >

MARKETS: – Economic review July 2018

August 14, 2018

(DATA COMPILED BY THE OUTSOURCED MARKETING DEPARTMENT)  The FTSE100 ended July on an upbeat note, rising by 1.46% over the month. This surge was fuelled in part by gains during afternoon trade that followed a report that the US and China may restart discussions aimed at resolving trade conflicts. Mining stocks on the FTSE100 leapt as China is a major buyer of industrial and precious metals, in... more >

Child benefit and Pensions

Enable’s IFA’s of Bishop's Stortford know that having children can affect pensions if women take time out.  Last year nearly half a million women opted out of receiving child benefit and many didn’t apply for it. Probably many of those women had a partner earning more than £60,000 a year, which is the final cut-off point for the payment. But they may have unwittingly denied themselves a fu... more >

Inflation remains at a 15-month low – – Economic review July 2018

August 13, 2018

The rate of inflation in the UK remained unchanged in June, confounding a majority of economists who had predicted that a build- up in price pressures was set to push the figure higher. ONS data showed that the Consumer Prices Index 12-month rate – which compares prices in the current month with the same period a year earlier – held steady at 2.4% in June 2018. This was the third month in a... more >

Warm weather and wedding boost growth – Economic review July 2018

August 12, 2018

The UK economy picked up some momentum during the three months to May as the hot weather and royal wedding sparked a modest rebound from the lacklustre performance recorded in the early part of the year. Last month saw a new monthly reading of gross domestic product (GDP) launched by the Office for National Statistics (ONS). This showed that the UK economy grew by 0.3% in May, compared to 0.2% ... more >