Author: Logic wealth planning

The power of diversity for retirement planning – retire tax efficiently!

Recently released figures from the Association of British Insurers (ABI) show that £5.9bn has been withdrawn since the pension freedom reforms came into force in April 2015. Although signs are that the numbers of people accessing their pension is beginning to reduce, this has no doubt provided a welcome tax boost for HM Treasury. But...

What d’you need to know about the New State Pension? Ten Top Facts

Massive changes to the state pension have come into operation. If individuals reach state pension age after 5 April 2016 they will receive the ‘new state pension’. The full amount is £155.65 per week (2016/17) and up until 2020, it’s guaranteed to increase by the highest of price inflation, earnings growth or 2.5%, known as...

What do dividend tax changes mean for trustees?

From 6 April 2016 dividends paid by UK companies and UK authorised mutual funds (i.e. Unit Trusts and OEICs) that are taxed as dividends (i.e. 40%+ invested in equities) no longer come with the non-reclaimable 10% tax credit. However, individuals will in future get a £5,000 dividend allowance, meaning dividends up to this amount will...

LISA – a new arrival to the tax planning family

The new Lifetime ISA has created more choice when saving for retirement. Rather than act as a pension replacement, the new Lifetime ISA will offer additional tax relieved savings for young savers – to save for their first home or as a top up to their pension saving. But there’s a danger that some of...

Budget 2016 – what this means for you

Budget 2016 It’s business as usual for pension saving as the Chancellor confirmed there will be no imminent changes to pension tax relief. And the introduction of the new LISA saving vehicle from April 2017 adds another attractive complementary option to the saving landscape. Taken together with cuts in CGT rates, further boosts in income...

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Logic Wealth Planning Limited is Authorised and Regulated by the Financial Conduct Authority. Registered in England and Wales number: 4206195. Registered Address: 18/19 Salmon Fields Business Village, Salmon Fields, Royton, Oldham, OL2 6HT. Trading address: Sigma House, 9 Southgate, Cross Street, Off Green Lane, Heywood, Greater Manchester, OL10 1ND. Telephone: 0808 1234 321.