-- Moneysaving Expert Tip Four --


Transfer your Final Salary pension for cash
Transfer your Final Salary pension for cash

55pc death tax charge on Drawdown plans scrapped
55pc death tax charge on Drawdown plans scrapped

Double your pension income
Double your pension income

17,500 per annum in retirement to be comfortable
17,500 per annum in retirement to be comfortable

Check the domicile position

According to the Office of National Statistics, 11% of UK residents were born outside the UK. Not all of these will be non-UK domiciled but, equally, there are many UK-born individuals who will be domiciled elsewhere. The domicile position of the individual’s father at the time of his child’s birth usually determines the child’s domicile status.

Despite recent changes, there are many clients who could benefit from tax planning opportunities should a non-UK domicile be established. The BBC series Who Do You Think You Are? has generated considerable interest in genealogy. Ask your clients to do some digging!

Source: ONS

For bespoke financial advice contact Credencis.

We are situated near to Derby, Leicester, and Nottingham, and visit clients nationwide.

Credencis

"Live for today, Invest for tomorrow"

Views expressed by our author, are the personal views of the author alone, and are not intended in anyway to be construed as advice.They should only be used as guidance and are not necessarily suited to the personal circumstances of every individual in the UK.If you are interested in seeking advice further then please contact Credencis direct.