The abolition of protected-rights 

Tuesday, April 10, 2012 9:36:00 AM Categories: pensions

As of the 6th April it is no longer possible to contract-out of the additional state pension on a protected-rights basis. This change has been brought in by the Government and means that you could have much greater flexibility in how you can take your pension income.

If you are concerned about this change or wish to discuss any aspect of this further please get in touch through the Contact Us section of the website.

Budget 2012: The key points 

Friday, March 23, 2012 11:18:00 AM Categories: Budget

On Wednesday the Chancellor presented his 2012 Budget. The key impact areas are shown below.

  • From April 2013, the 50% additional rate of income tax will be cut to 45% and to 37.5% from 42.5% for dividends.
  • The personal income tax allowance will rise to £8,105 from April 2012 and to £9,205 from April 2013. There will also be a freeze on existing age-related allowances from 6 April 2013.
  • The basic rate tax limit reduces from £35,000 to £34,370 for 2012/2013 and £32,245 for 2013/2014.
  • The State Pension will reform into a single tier pension for future pensioners and future increases in State Pension Age will take account of increases in longevity.
  • The main rate of corporation tax will be cut to 24% from next month. By 2014 it will fall to 22%.
  • Qualifying policy investments will be restricted to an annual premium limit of £3,600 from 6 April 2013, with transitional rules applying from 21 March 2012.
  • The capital gains tax exemption remains frozen for 2012/2013 at £10,600.

On the inheritance tax front, the Government is consulting on a range of topics. They include increasing the exempt amount that someone living permanently in the UK can transfer to a spouse or civil partner living permanently outside the UK.

If you would like to discuss any of these areas please get in touch through the Contact Us option at the top of the page.

Concerned about your mortgage? 

Monday, March 12, 2012 11:48:00 AM Categories: Mortgages

You may be aware that a number of mortgage lenders have been increasing their Standard Variable Rates (SVRs) on their mortgages recently. While we do not see the Bank of England Base Rate going up in the near future this does not mean that SVRs will not continue to increase, as the costs for banks to borrow money has also been rising.

We have also started to see signs that mortgage product interest rates in general have started to rise so, if this is of concern to you, please get in touch through the Contact Us section of the site.

Don't forget about ISAs! 

Monday, February 27, 2012 10:21:00 AM Categories: ISAs

With the 2011/12 tax-year quickly coming to an end you should be ensuring that any ISA contributions you were planning to make are finalised before 5th April 2012. You have a maximum allowance of £10,680 in this tax-year, which can include up to £5,340 into a Cash ISA account.

If you would like to discuss this further please get in touch with your usual IFA at Whichers IFA Ltd or you can use the Contact Us option to request a callback. 

RDR: What does it mean to me? 

Monday, February 20, 2012 3:04:00 PM Categories: RDR

You may well be hearing the acronym RDR at the moment and wondering what it is all about. It is referring to the Retail Distribution Review, which is one of the biggest overhauls of financial regulation since the Financial Services Act was introduced in 1986. It was instigated with a view to improving service levels and transparency and ensuring the interests of financial advisers and their clients are in line.

We have embraced these changes as we feel they compliment the service we are already offering our clients and can only help to improve standards across the industry as a whole. 

If you would like to find out more about RDR and the changes this will be implementing across the financial advice sector please have a look at the following link

Updated guides to Auto-Enrolment 

Monday, February 13, 2012 1:01:00 PM Categories: Auto-enrolment

Further to our blog entry from last week, The Pensions Regulator has now published an updated version of its guide to auto-enrolment duties for large employers and their advisers, reflecting changes brought about by the Pensions Act 2011 and recent regulations put before parliament.

This can be found here

2012: the year of Auto-enrolment 

Monday, February 06, 2012 2:21:00 PM Categories: Auto-enrolment

The Government have brought in auto-enrolment as a way of encouraging people to save for their retirement through their workplace. This is the most fundamental change to pensions since the introduction of the Basic State Pension in 1948. Starting in October 2012, this is to be phased in, on a compulsory enrolment basis, for all employees earning over £7,475 per annum.

At our sister company, Whichers Employee Benefits, we have the solution to the compliance requirements alongside the provision of other employee benefits and can even save companies already using these benefits through our Jargonfree Benefits product. Please see our website for further information.

Welcome to the New Whichers IFA website 

Tuesday, November 01, 2011 11:51:00 AM Categories: Whichers IFA


Welcome to the new Whichers IFA website. We have made some improvement in order to share with you more clearly the developments and news from Whichers IFA. 

For starters we have this new blog, which will be updated with our current news and points of view.

You can find out about any developments and new products by subscribing to this blog.

Want more?

Browse around this site to find out more about Whichers IFA our team and services. If you have any comments please do get in touch.

We do look forward to hearing from you.

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