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?   […]

Read this post

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% […]

Read this post

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 […]

Read this post

‘Lifestyling’ – the real threat to your lifestyle in retirement

Over the last few years, one trend that came into vogue in retirement planning (particularly corporate pensions) has been so called ‘lifestyling’. This is where the pension provider’s investment strategy works towards a target retirement date (or perhaps a default date across the scheme nominated by the sponsoring employer). Early in the career of the […]

Read this post

Pension Drawdown Changes

Pensions reform extends flexibility for retirement savers. Michael Garvey explains the Government’s latest pension carrot and what the stick is this time. Sweeping changes to pension legislation have transformed the flexibility available to pension policy-holders and their rights to access benefits from age 55. This throws the door open for the reckless to completely decant […]

Read this post