Lifetime Allowance

FAQ - Should I Worry About Lifetime Allowance?

If you are worried about the Lifetime Allowance (LTA), we understand. LTA is a limit on the amount of pension benefit that can be drawn from pensions schemes without an extra charge being triggered.

Not only can the LTA seem complicated, it can also come across as an instrument that does little more than unfairly punish the most prudent and hardworking of retirement savers, particularly those who have taken advantage of what Albert Einstein once dubbed the "eighth wonder of the world": compound interest.

Jar of Coins

TOP TIPS - Pension Drawdown for Expats

For all but the highest net worth individuals, a pension pot will be the most valuable retirement asset in the long-term financial plan. Despite this, many retirement savers take a passive approach to pension planning and ultimately fail to realise the benefits inherent in considering all the options and opportunities available to them.

One such opportunity is to transfer pension savings into a Self Invested Personal Pension (SIPP) and then drawdown to access your money.

But what exactly is drawdown and what are some of the things to be mindful of when considering this retirement planning option.

Handshake

NEWS WRAP - Approaching AI in the Financial Advice Industry

Are we on the cusp of a brave new world of robo-advisers in the financial advice industry?

If the latest poll from artificial intelligence (AI) innovator Rainbird is anything to go by*, the answer is "yes", with the company predicting the emergence of "meaningful" AI platforms, which, it says, will become integral to the financial advice market over the coming years.

Strategy

Blacktower View - Learn from the Mistakes of Others by Keith Littlewood

There is a lot I have learned over more than three decades in the financial services industry and while this period of managing client investments was made possible by my education and enthusiasm, the years have taught me that there is no substitute for experience. There is a big difference between knowing something theoretically and having first-hand, practical experience of it.

However, another side of my experience has been as a financial planning "firefighter"; learning, after the event, from the experiences of others, typically those clients who come to me a little crestfallen or embarrassed as a result of losses or stagnation caused by regrettable investment decisions.

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