Archive: Aug 2017

LISA savers face losing their £1,000 bonus

The Lifetime ISA (LISA) which launched in April 2017 enables savers to subscribe up to £4,000 a year and receive a government bonus of 25% on the money. The LISA allows individuals to save for retirement or to buy their first home.  For the first year only the government bonus will be paid annually (i.e. at the […]






Women rertirement age

The effect of raising the female state pension age

The Institute for Fiscal Studies (IFS) has issued a working paper examining “the effect of raising the female state pension age on income, poverty and deprivation”. It offers a variety of interesting and sometimes counter-intuitive insights to the reform, which was originally set in train by the Pensions Act 1995. For example: Between 2010/11 and 2015/2016, the […]






The Government should keep its hands off our pensions!

The Government should remove the £1m lifetime allowance and keep it’s hands off our Pensions! Changes in pensions legislation have had more impact than anything else I have experienced as a financial planner. The most significant development was the sweeping changes to pensions announced in the Labour government’s 2004 budget, which came into effect on […]






 
 
 

Lexington Wealth Management