Here are a few figures worth knowing in 2020–21 to help maximise your tax allowances and exemptions: Personal taxation The National Insurance threshold is £9,500 and the Personal Allowance remains the same as last year, at £12,500. Pensions The Annual Allowance for pensions is £40,000 and begins to taper (to a minimum of £4,000) for [...]
Coronavirus has affected every aspect of our lives, particularly our financial stability. The crisis has acted as a stress test for the nation’s finances, highlighting the fragility of many people’s financial safety nets. It has compelled individuals to take a closer look at their finances to see how they can reduce their expenses and become [...]
The Retirement Planning Maze If you are considering taking your pension GCFC can help. We have years of experience in advising clients on the best way to take money from their pensions and other assets. Do you know: How much my pension(s) will provide for me at retirement and how does this compare to [...]
