The benefit – and cost – of Triple Lock

Last October I wrote an article on the value of Triple Lock, which guarantees that the State Pension will rise by the higher of Consumer Price Inflation (CPI), Average Earnings Growth or 2.5%. It is at this time of the year that we know what the following April’s...

What Do You Want From Your Financial Adviser?

A view from Nicholas Paul based on a career of feedback This an important question to people seeking advice, but also to me as an adviser. When I took the decision to set up Nicholas Paul Wealth Management Ltd (NPWM) in 2019, it was done with this question in mind, as...

Capital Gains – Under Review

Last week the Chancellor of the Exchequer commissioned a review of Capital Gains Tax (CGT) in relation to individuals and smaller businesses, asking the Office of Tax Simplification (OTS) to consider the overall scope of the tax and the rates which apply, also looking...

Pensions – very valuable but know your limits

Pension funding limits and why 2019 is significant Pensions offer a highly tax effective means of saving for retirement. Although pensions legislation is always subject to change, the Government wants us to save for retirement so pensions are intended to encourage us...

State Pension 2020 – The benefit of Triple Lock

Recipients of the UK State Pension will receive a 3.9% increase to their pension income in 2020. UK State Pension increases are currently protected by the “triple lock” which means the annual rise applying each April will be at the higher of Consumer Price...