A saying brought to us by HMRC in 2010 and still used today as a gentle reminder to file your tax return and look out your cheque book. This saying was first used to introduce the roll out of the tax simplification system…and each subsequent year a further layer of complexity is added. In the […]
Category: Pensions
Pension Lifetime Allowance – how thousands of UK savers may be affected by proposed changes
Proposed Pension Lifetime Allowance changes: Glasgow Wealth financial adviser Ian Brunton discusses the Lifetime Allowance and the latest proposed changes. As chancellor Rishi Sunak wrestles with the significant task of how to reduce the government deficit, made substantially worse by the measures put in place through the Covid-19 pandemic, it seems clear that he sees […]
Can I afford to retire?
One of Glasgow Wealth’s Financial Advisers, Ian Brunton, discusses planning for retirement and one of the most common and pertinent questions we are asked by clients – can I afford to retire? This is a question we often hear or a variation of. The simple, yet Socratic response is how much will it cost…
Client Update & Market Commentary – 29th March 2020
30th March 2020 – With recent and ongoing events relating to the financial markets & Covid-19, our Principal adviser, Michael Garvey, provides clients of Glasgow Wealth with our current approach and thinking… He knew quite well that it was plague and, needless to say, he also knew that, were this to be officially admitted, the […]
High earners falling foul of the Personal & Annual Allowance Taper
In this article we discuss the Personal Allowance Taper & Annual Allowance Taper – what you should be aware of and how to mitigate the impact. As is customary, from time to time, governments introduce new measures to increase the tax intake. From a tax on Candles in the 1780’s, the Window tax of the […]
NHS pension scheme members face unexpected tax bills
In recent months there has been significant press coverage on NHS staff facing unexpected tax bills relating to how they fund their pensions. Many doctors and other high-earners are now asking why they are having to pay more tax for simply being part of, and contributing to, the NHS scheme. Why is this the case? […]
Final Salary Pension Transfers – are they worth the risk?
The number of individuals transferring out of final salary (defined benefit) pension schemes has reached new highs as evidenced by the reported increase in transfer volumes. Willis Towers Watson – the prominent defined benefit pension administrator – for example reported that pension transfers out of their clients’ schemes had increased by a factor of 500% […]
We are Recruiting…
Paraplanner: Salary: up to £38,000 + pension We are eager to identify a suitable candidate to fill a Paraplanning role within our firm. The successful applicant will be Level 4 qualified and will have some experience of dealing with high net worth financial planning scenarios; Chartered status would be an advantage. Full funding of further […]
Pensions vs ISA’s?
Our Principal Financial Adviser, Michael Garvey, was again discussing Investments, Savings and Financial Advice in Glasgow’s Sunday Herald last week. On this occasion the topic was Pensions and ISA’s – outlining the reasons why some would choose to pay into a Personal Pension or an ISA. With the passing of the 5 April deadline for maximising […]
Glasgow Wealth – Herald profile
Our Principal Adviser, Michael Garvey, had an interview published in the Glasgow Herald last month. Discussing Glasgow Wealth, the services we offer, current challenges and opportunities ahead… Could you tell us about Glasgow Wealth? We are a full-service, independent financial planning firm based in George Square committed to building long-term, trust-based relationships with our clients […]