Timothy Sumer

How to retire using an ISA & PENSION tax efficiently // UK Pension & ISA In some recent research from Aviva the age at which most aspire to retire early is at age 60. This therefore leaves a gap between age 60 and their State Pension age. This video looks at the position of having both pension and ISA assets and considers where should the income be taken from and how it can be balanced and drawn in the most tax efficient manner. We'll also consider the death benefit position of each in terms of tax. Aviva article referenced: I can be contacted at edmund@featherstonepartners.co.uk 🗒 Please note: The information provided is based on the current understanding of the relevant legislation and regulations and may be subject to alteration as a result of changes in legislation or practice. Also it may not reflect the options available under a specific product which may not be as wide as legislations and regulations allow. All references to taxatio...

The DWP - Department for Work and Pensions – has updated its guidance for the next of kin or executor for someone who has died who may have been underpaid their State Pension. That’s because they did not get the automatic increase in their pension that they were entitled to. This is relevant for people who reached State Pension age before and after 6th April 2016, and the following groups of people: - those who were married or widowed when they died; - and those aged 80 or over when they died. Useful links: Request information from DWP about underpaid State Pension for someone who has died: About the Lower Basic State Pension (Category BL State Pension): More about inheriting some of your spouse or civil partner’s State Pension when they die: More about the Over 80 pension - Other videos you might like: Everything you should know about State Pensions in the UK - State Pension top-up for UK residents aged over 80 - Can you inherit a spouse's state pension if ...

The new state pension replaced the basic and additional state pension for those who reach State Pension Age on or after 6 April 2016. I’m going to explain how your entitlement to the new state pension is calculated and what happens if you’re in the fortunate position where your state pension benefits are projected to exceed the amount of the new state pension. I will also explain how you can ensure you receive the full new state pension, if you’re currently projected to fall short. Other videos you might like: Check your eligibility to top up NI contributions back to 2006: How the new state pension differs from the basic & additional state pension: add link Getting your State Pension Forecast and National Insurance Record (2021): How to interpret your State Pension forecast: How to reduce a potential shortfall in your State Pension entitlement: Should You Top Up Your NI Contributions For A Better State Pension?: Can you inherit a spouse's state pension if...