Archive for the Articles Category

Act now to Maximise your UK State Pension

AAM "Act now to Maximise your UK State Pension
If you have gaps in your national insurance contributions, you can pay voluntary contributions to maximise your State Pension entitlement. You may be able to pay Class 2 contributions which are around 80% less expensive than Class 3 contributions, if you meet the following requirements: You have [...]Read more

Can You Have The Retirement You Want?

AAM Advisory Can You Have The Retirement You Want.jpg

Given that retirement income will be needed for 20, 25 or even 30 years after you stop working, it is a pretty important issue.Say you want to retire on £20,000 a year (not a fortune) at 65, the best annuity rate at the moment in the UK is just over 4.9%, which means you would need a pot of £408,163 to afford this.

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5 Reasons You Shouldn’t Hire A Financial Planner In 2019

A financial planner will dig into your financial life. They will want to know what drives the decisions you make and what keeps you up at night. If you have a partner, they will want to know this from both of you. Without this conversation, a true financial planner….

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Having multiple Super Accounts and “zombie insurance” costs Australians billions!

Having multiple Super Accounts and “zombie insurance” costs Australians billions! At AAM, we find it depressing to know that one third of Australians have unintended multiple super accounts — costing $2.6b annually in fees**. An Audit of your Supers can show if it can be consolidated and [...]Read more

Would you like Something for Nothing?

AAM UK Pension Audit
Would you like Something for Nothing? If you don’t have your Optimum Pension, your retirement security may be at risk. Would you like us to help to check this – with no charge or obligation? It’s possible you paid a high price for your pension, you’re paying [...]Read more

UK Expat Property Owners Under Attack – Again!

UK Budget 2018

At the Conservative Party conference, Theresa May stated the Government’s intention to impose a levy on “Foreign” buyers of UK property. The definition of “foreign” is being non-UK resident for tax purposes which will impact UK expats around the world. This levy is likely to be in the range 1% – 3% and further announcements will be made in due course.

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5 Life Changing Financial Tips

Most investors want to earn the highest rate of return whilst minimising risk. AAM presents Five nuggets of financial wisdom that could change the way you invest.

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Another Year, Another UK Budget

Back in November 2016, the then relatively new Chancellor announced an end to Spring Budgets after the one due in March 2017. A new cycle is now in place, with March 2018 having seen Mr. Hammond present a relatively brief Spring Statement. Whereas his predecessors had often turned the Autumn Statement into a second unofficial Budget, Mr. Hammond is aiming for major tax changes to be announced only once every 12 months, well ahead of the start of the tax year.

It is rumoured that the next Budget could come as early as October.

So, what can we expect…?

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Should you Transfer your Final Salary Pension?

Sometimes referred to as a Defined Benefit (or DB) pension, with final salary pensions your former employer will pay you a guaranteed fixed income from the day you retire until the day you die. If your spouse survives you, they will receive a reduced pension for life.

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The Intricacies of the Old and New UK State Pension System

For UK expats, the state pension is an important consideration when planning your retirement income. Working out your entitlement has become more complex following changes to the UK State Pension in 2016. This change is complex and there are transitional arrangements which try to ensure that no one is disadvantaged by the move to the new rules.

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