Pensions and tax relief

July 18, 2018

One of the best things about paying into a pension at the moment is the tax relief you can receive. Enable’s IFA's like to make sure that clients are aware of the tax relief available to them to assist with their personal financial planning. Broadly there are two types of pension schemes one a workplace pension the other a personal pension. Personal Pensions tend to be common types of 'registere... more >

How much to save for retirement?

July 16, 2018

Enable’s IFAs of Bishop’s Stortford are often asked how much is needed to save for retirement. Of course, it all depends on how much you would like to live on. But a recent research paper suggests that the cash required to fund anything more than a hand to mouth existence, on top of your state pension now stands at more than a quarter of a million pounds. The insurer Royal London has releas... more >

Setting up a pension for your child?

July 9, 2018

Enables IFA’s in Bishop’s Stortford help many clients with financial planning and personal pensions, but have you thought of setting up a pension for your child? According to HMRC figures, around 60,000 under-18s already have a pension plan. Enable’s IFA's believe many parents worry that their children would not use the money saved for them wisely if they are able to spend it as soon as t... more >

Make sure you make a Will

July 8, 2018

Enable’s IFA’s in Bishop’s Stortford like to make sure you make a Will as part of your financial planning. It is really important to make a will whether or not you consider yourself have any significant property, possessions or money. One of the biggest problems your dependants have if you don’t have a Will is that when you die certain rules dictate how the money, property or possession... more >

Watch out for pension freedoms

July 3, 2018

It has come to light that some pension firms are not behaving properly over the new pension freedoms given to over 55s. Enables experienced IFAs of Bishops Stortford are aware of a two-year investigation by the Financial Conduct Authority found that some savers were accessing their money through some of the most expensive arrangements. Savers were sometimes being charged four times as much as thos... more >

Salary sacrifice for your pension?

July 1, 2018

Enable’s IFA's think it is worth sacrificing some of your salaries to boost your pension. When planning financially many worry that a pension is full of complexities but in reality a personal pension is fundamentally a fairly simple product: It is just a tax-free pot of cash you, your employer (and sometimes the Government) pays into, as a way of saving up for funds to be available in your retir... more >

Protecting your property?

June 25, 2018

With an ageing population Enable’s IFA’s in Bishop’s Stortford regularly help clients plan financially for later life. There are lots of ways to think about future proofing your family home. For some, the best way to protect property for the family can be through looking at property protection trust wills. A property protection trust will is a will designed to help specifically protect yo... more >

Trying to move up the housing ladder?

June 24, 2018

If you are trying to move up the housing ladder Enable’s IFA’s in Bishop’s Stortford have found some new research that indicates a growing number of homeowners are finding the move up more difficult than buying a property for the first time. Lloyds Bank has recently conducted some research looking at the significant impact on the midlife plans of individuals trying to move up the housing ... more >

Retirement Interest-only mortgages?

June 20, 2018

Over the years Enables’ experienced IFAs’ of Bishop's Stortford have seen a range of mortgages come and go. This year there has been another home finance product to add to the mix – retirement interest-only (RIO) mortgages. These deals let borrowers pay monthly mortgage interest until they die, sell their house or go into long-term care. At this point, the loan is repaid by selling the ho... more >

Inheritance Tax (IHT) planning

June 18, 2018

Inheritance Tax planning is vital to good financial planning. Enable’s IFA’s in Bishops Stortford can help you manage your IHT especially abound the new allowances on property. Inheritance Tax is the tax paid on assets (after inheritance tax allowances are deducted) left when someone dies. On a death, the Government assesses how much an estate is worth, then deducts any debts from this to give... more >