
Holding back the years: the new State Pension Age dilemma
Holding back the years: the new State Pension Age dilemma The government has nearly finished its review of the next sta…
Read moreWith inflation hitting 6.2% in February and outstripping wage growth, make sure you are paying attention to what’s happening to your money. We explore some ways to help keep your money where it belongs.
Tip 1: Make sure you have the right tax code
Now that the new tax year has started, it is worth checking your tax code if your earnings and/or pensions are taxed under PAYE. HMRC does not have an unblemished record of setting these correctly and, unless you complete a tax return, you could end up paying tax that you cannot reclaim. Go to www.gov.uk/check-income-tax-current-year to check your code.
Tip 2: Review what money is leaving your bank account
It is easy enough to set up a direct debit to meet regular expenditure, but it is equally easy to forget about the ones you have already set up. Have a look through your bank statement or, better still, your list of direct debits and standing orders.
Are they all still necessary or are you paying for a membership, subscription or service you no longer need or use now?
Tip 3: Consider salary sacrifice to pay your pension contributions
If you are a member of a workplace pension arrangement, you may have the opportunity to make your contributions via salary sacrifice arrangements.
In most – but not all – instances, this will be preferable to the more obvious method of having personal contributions deducted from your pay because of the savings on national insurance contributions that can be made. At best, your pension contribution cost could be reduced by over a quarter.
By their very nature, financial tips are general, not personal. Do seek appropriate advice for your specific situation. We can help with salary sacrifice calculations if you are working and wish to explore this option.
Interested in finding out more?
Seeking a second opinion on your financial future costs you nothing.
Simply call our friendly team on 00121 368 5624 or drop us an email to appointments@oaklandswealth.com to arrange a confidential chat.
Oaklands Wealth Management, founded by Helen Blackburn in 2004 advises clients across the UK on retirement planning, pensions & investments.
Her firm holds British Standard BS 8577 for client service & investment process.
Minimum investment is £500,000 (£650,000 for pension transfers).
Holding back the years: the new State Pension Age dilemma The government has nearly finished its review of the next sta…
Read moreCapital gains tax receipts - still a target for the chancellor? New HMRC data shows that in 2019/20, £9.9 bi…
Read moreFocus on Tax Year-End Planning With Christmas and New Year behind us, tax year-end planning should now be on your radar…
Read moreIt’s easy to move on from another advisor.
We’ll handle everything.
All that’s needed is for you to sign some letters of authorisation and we’ll do the rest.
None of your investments will be switched into new funds until you’ve agreed with our recommendations and you’re fully happy with any changes we propose.
British Standard BS 8577 Awarded Service
12 Month Money Back Service Guarantee
Lifetime Cashflow Planning
Risk Adjusted Personal Investment Portfolio
ISO 222222 Certified Financial Advisors
Monthly Fund Analysis
2 Investment Portfolio Reviews Per Year
“Helen is outstanding in her knowledge of the pension ‘minefield’ and immediately gave us a feeling of ease when discussing, what is after all, the rest of our financial lives. From the very first e-mail to the ‘sit down’ you have with her, everything is done in plain English. Helen is a model professional in this field.”
“After great dissatisfaction with the service of major high street banking group I approached Oaklands to manage my pension and investment portfolio. They have provided sound advice on pre- retirement planning and achieved a good return on our capital as well now in retirement. The service offered by Helen and the team at Oaklands is second to none.”
No half measures. We don’t set it up then leave you all at sea. We manage your investments ongoing and hold ourselves accountable for steering you through your financial journey.
This phrase came from a client who said that’s exactly what we felt like to him, he said “you are like a friend or good neighbour who’s always got my best interests at heart.”
Whatever the reason you come to us we care. We really care. Like it’s our own money.
Tidying up bit and bobs of pensions and putting them neatly in a pot you have full control over.
Maybe transferring a final salary pension if your objectives are better met with your own pension.
Making sure you get all the tax efficiencies legally available to you to enhance your money.
Pointing the microscope on 3,000+ funds and finding the best ones to secure your retirement.