Child benefit – the changes explained
Child benefit is changing from 7th January 2013. Households where at least one person earns more than £50,000 will have the benefit effectively reduced or stopped.
The withdrawal will be gradual where income falls between £50,000 and £60,000. The amount …
Retail Distribution Review Update
The Financial Services Authority (FSA) will implement their Retail Distribution Review from today (1st January 2013).
This is aimed at raising the standard of financial advice in the UK.
Farrell Financial Planning are pleased to announce they are fully compliant …
Happy New Year
Happy New Year from Farrell Financial Planning. We will be open for business as usual on 2nd January 2013.
What will be your New Year’s resolution?
Going to the gym, giving up smoking and looking after your health are all …
Happy G Day
Today (21st December 2012) marks G Day. From today men and women have to be treated equally when it comes to insurance premiums and pension annuities. This is known as gender neutral pricing.
There has never been a …
How does Autumn Statement affect pensions?
The Autumn Statement on 5th December 2012 announced changes to the rules around UK pensions.
There are two changes:
- The lifetime allowance for pension savings will be cut from £1.5m to £1.25m and
- The pension annual allowance will be cut