Five Reasons to Buy a Pension Annuity After a lifetime accumulating pension savings, you reach the point when those savings must provide a regular income for your retirement. The options today are broader than ever — drawdown, lump sums, or a mix of approaches — but the most traditional route, the annuity, has firmly returned to favour. Here’s why. Consider …
For decades, pensions have been one of the most effective ways to pass wealth to the next generation. Money left in a defined contribution pension has generally sat outside your estate for inheritance tax purposes — which is why many financially comfortable families have deliberately spent other assets first and preserved their pensions for their children. From 6 April 2027, …
A professional sporting career compresses a lifetime of earnings into a handful of years. Whether you play football or rugby, fight in boxing or MMA, or compete in cricket, golf or athletics, your highest-earning years usually arrive first — often before you turn 25 — and the window can close without warning. That makes the financial decisions you take during …
Important changes to ISA rules announced by the Treasury The Treasury has confirmed plans to introduce a 22% levy on cash interest held inside Stocks & Shares ISAs. These proposals form part of a new set of draft rules published on 23 June and are now open for consultation. Under the draft rules, any interest or alternative finance return generated …
Published June 2026 — based on the latest HMRC monthly tax receipts bulletin The latest figures from HMRC show that Inheritance Tax receipts for May 2026 totalled £1.4 billion — around £37 million lower than the same month last year. April’s receipts were also down, coming in at £715 million, which was £65 million below the equivalent figure for the …
The Bank of England’s Monetary Policy Committee has voted 7-2 to hold Bank Rate at 3.75% amid ongoing political and economic uncertainty. The vote was in line with consensus expectations, with a smaller probability of a 6-3 split. Two members voted to increase Bank Rate by 0.25 percentage points, to 4%. A hold was widely predicted after UK CPI inflation …
