Maximum tax-free pension savings amount to rise next year

27 Nov 2020

From April next year, the pension lifetime allowance will rise by £5,800 to £1,078,900, allowing individuals to save more money without paying tax. The lifetime allowance (LTA) is the maximum amount of pension savings a person can build up without

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Retirement plans altered for many by pandemic

27 Nov 2020

Research by the Institute for Fiscal Studies (IFS) has found that the Coronavirus pandemic has changed the retirement plans of one in eight older workers. The latest study is based on a survey from the English Longitudinal Study of Ageing

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NS&I makes significant cuts to savings rates and Premium Bond prizes

27 Nov 2020

National Savings & Investments (NS&I) has announced that it intends to dramatically cut the interest it pays on many of its savings accounts in November. At the same time, NS&I Premium Bond holders will also see their chances of winning

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Homebuyers need to start purchases this month to take advantage of Stamp Duty savings

20 Nov 2020

Thousands of people across the UK have purchased new homes to take advantage of the Government’s Stamp Duty Land Tax (SDLT) holiday, but Legal & General Mortgage Club has warned a backlog in the sales and mortgage process means that sales

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The U.S election and the impact on the UK.

20 Nov 2020

How glorious would it be, that 2020, indelibly scarring most of the world, could cease all complications on the festive Christmas celebrations and post New Year’s eve the unquenchable hope that all will be well at the start of 2021.

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Did you know…..the history of the State Pension?

6 Nov 2020

What do Annie Lennox, singer songwriter, Sam Allardyce, football manager and Ken Stott, actor all have in common?  Answer, they all expect to start receiving their State Pension this year at age 66. The State Pension age is the earliest

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The next England lockdown

4 Nov 2020

As we head into England’s next ‘national’ lockdown on Thursday we wanted to reassure you that for us here at Birchwood Investment Management, it’s still pretty much business as usual – or at least the new usual!  Following the last

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