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Calculus Capital, the 2011 EIS Association (EISA) fund provider of the year, has reported substantially higher subscriptions in its EIS Fund 12 in January and February – usually two of its quieter months – relative to March. Calculus believes the increase in income tax relief available via EIS funds, which rose from 20% to 30% in 2011, is one of the reasons for the strong growth. There may also be a suggestion that the government’s decision to lower the cap on the amount that can be saved annually tax-free into a pension, from £255,000 to £50,000, has caused investors to seek alternative tax-efficient savings and investments, such as EIS. Read on for more information….Read more »
Financial services companies don't often campaign on behalf of the general public. So credit to low-cost investment platform A J Bell, which is currently taking up the fight on behalf of pensioners who've seen retirement incomes fall by up to a third as a result of new rules on income drawdown coupled with record low gilt yields. Read on for the latest information and data from A J Bell on this issue, which highlights the potential plight of those already in or reaching retirement…Read more »