Article Abstract:
UK investors should reassess their financial affairs when they reach the age of 50-years-old and ensure they will have enough retirement income. There is still time enough for investing in a pension at this age. Non-pension investments can be used since they may provide tax-free benefits, and part of pension income is taxed. Life assurance cover is less of a problem since mortgages have usually been paid. Inheritance tax issues should be considered and each partner should use their allowance to the full.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Offshore investments can provide access to markets that onshore investors cannot tap, and they have the advantage of allowing tax payments to be deferred. Investors are not protected by the Securities and Investments Board (SIB) which provides protection for onshore investors. Some companies operating offshore do, however, sell funds that are recognised by the SIB. Offshore trusts are a useful tool for inheritance tax planning, though the jurisdiction of the location should be examined.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
National Savings products can provide security and tax advantages as well as good rates of interest. Index-linked certificates provide protection against inflation. Government securities can be bought through National Savings, avoiding paying fees to a stockbroker. Capital bonds can provide higher returns than certificates but do not have their tax advantages. Investment accounts require a notice period of one month and interest is paid gross of tax.
User Contributions:
Comment about this article or add new information about this topic: