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When the UK government relaxed the rules around withdrawing funds from pensions, opponents of the changes claimed pensioners would blow their retirement pots on luxury goods. One politician coined the ‘right to buy a Lamborghini’ phrase in relation to this concern. The concern relates to the introduction of flexible drawdown or uncapped drawdown – the [...]
For those of you that have fallen foul of costly inheritance tax rules in the past, a recent ruling by the UK Treasury will be of great interest. There are more than 1,000 companies listed on AIM (Alternative Investment Market) and all will now be eligible for direct ISA investment. The changes provide savers with [...]