When Jeremy Hunt stood up in Parliament on 6th March 2024 to deliver his Budget he made some changes to Child Benefit, and specifically the High-Income Child Benefit Charge. Campaigners had long argued for change given the unfairness as to how this was applied, and Hunt announced plans to reform the Charge even further. However, due […]
On December 12th 1953,Chuck Yeager, the first man to break the sound barrier, was trying to regain his speed record by flying at more than twice the speed of sound. His previous record had been beaten by a US Navy pilot just three weeks earlier, Yeager (a US Airforce pilot) was determined to beat the Navy’s new record
Masterful Inactivity Read More »
We help Phoenix staff members at all stages of their career. Today we are going to talk about those who are going to be leaving Phoenix this year, to retire. We have been helping people with this transition for nearly 25 year and so have some experience at this (more than most people who do
Buy to let property has been one of the main tools that people in the UK have used to build a bit of extra growth over the last 30 years, as there has been a property price boom. This has created a shortage of affordable properties for young people to buy and has led the
Buy to let – is is worth it? Read More »
For a long time, we at Altor, have been big fans of the ‘Save More Tomorrow’ concept. It was developed by the behavioural economists Richard Thaler and Shlomo Benartzi 25 plus years ago and it has gone on to help millions of Americans save more into pensions in a painless way. It works by asking
Save More Tomorrow? Read More »
We provide cashflow planning and advice, via a salary sacrifice deduction in MyChoice. So that you can see an example of the cashflow planning part of this process we have shot the following three short videos to demonstrate: Video 1 – looking at the Cashflow income inputs. Video 2 – looking at the Cashflow expenditure
How can Phoenix help me plan my life? Read More »
This blog wont apply to most Phoenix staff but more are caught out each year than expect to be. This is because the tax man defines ‘income’ as gross income from all sources before deductions. The most common mistake we see amongst staff, is not including their gross rental income, which can soon add up.
High Income Warning Read More »
There are many different types of risk when it comes to financial planning, however when we talk about risk the majority of the time we are talking about investment risk. So what is investment risk? Investment risk is simply the risk that an investment may decline in value. As we will explain, this in itself
How investment risk works Read More »
In this blog we looked at your three pension fund options and in this one we gave a warning about the risk of option 1 and 2. So for those of you selecting option 3, yoiu have more work to do as you have to self-select your pension funds. In this blog we are going
How to pick your pension fund. Read More »
Following on from the last blog where we looked at your pension options, we thought that we would publish a mini-blog about Pension Lifestyling. As we said last time, Lifestyling is the default option within the Phoenix workplace pension. We think that it is a potentially dangerous approach and that staff shoudl be aware of
Lifestyling – the sting in the tail? Read More »
