Annetts & Orchard

Do you want to create a legacy by passing assets to your loved ones?

There's more than one way to do it, and you might want to combine several different options.

Read our blog, linked below, to discover 4 methods for transferring some of your wealth to loved ones.

https://www.annettsandorchard.co.uk/4-ways-you-could-choose-to-pass-on-assets-to-loved-ones/

From 6 April 2027, many unused pension pots will be included in Inheritance Tax calculations.

Since the government announced the change in the 2024 Autumn Budget, an increasing number of people have opted to withdraw their tax-free lump sum from their pension as soon as they can.

However, taking funds early might not be as tax-efficient as you think.

Before rushing to withdraw your lump sum, it's important to answer these 5 questions. Click the link below to find out what they are.

https://www.annettsandorchard.co.uk/5-questions-to-answer-before-you-withdraw-a-pension-lump-sum-to-reduce-inheritance-tax/

Retirement is a significant life transition.

Some of the financial habits that served you well during your working life might no longer suit your retirement lifestyle.

Sticking to your current financial habits could mean you miss out on opportunities to enjoy your retirement, or even mean you risk using up your savings too soon.

Read our blog, linked below, to find out why.

https://www.annettsandorchard.co.uk/why-you-could-benefit-from-reviewing-your-financial-habits-as-you-transition-into-retirement/

4 simple ways to stick to your investment strategy:

1. Refer back to your investment strategy when making decisions
2. Focus on long-term results to reduce the effect of emotions
3. Review your decisions alongside investment performance
4. Work with your financial planner

Read our blog, linked below, to find out more.

https://www.annettsandorchard.co.uk/the-factors-that-influence-your-investment-style-and-how-to-take-control/

Long-term goals are often important for your wellbeing, and knowing you're working towards them can be reassuring.

However, judging whether you're on track to reach your goals can be difficult.

A financial plan could help you understand how you might reach your target amount by accounting for contributions and potential growth over your working life.

To find out how we could help you stay on track to reaching your long-term goals, click the link below.

https://www.annettsandorchard.co.uk/balancing-your-goals-why-investing-could-be-suitable-for-long-term-goals/

4 practical reasons why business owners could benefit from a pension:

1. A pension is tax-efficient for you
2. Pension contributions are efficient for your business
3. A pension could diversify your long-term plans
4. Your pension could potentially invest in your business

Read our blog, linked below, to learn more.

https://www.annettsandorchard.co.uk/4-practical-reasons-why-business-owners-could-benefit-from-a-pension/

4 ways you could choose to pass assets to loved ones:

1. Gifting during your lifetime
2. Using a will to pass on assets when you die
3. Completing an expression of wish to pass on your pension
4. Setting up a trust that allows you to retain control

Read our blog, linked below, to learn more.

https://www.annettsandorchard.co.uk/4-ways-you-could-choose-to-pass-on-assets-to-loved-ones/

5 questions to answer before you withdraw a pension lump sum to reduce Inheritance Tax:

1. Will your estate be liable for Inheritance Tax?
2. Would the withdrawal be subject to Income Tax?
3. How do you intend to use the money?
4. How might a large withdrawal affect your long-term income?
5. Are there other strategies you could use to reduce Inheritance Tax on your pension?

Read our blog, linked below, to learn more.

https://www.annettsandorchard.co.uk/5-questions-to-answer-before-you-withdraw-a-pension-lump-sum-to-reduce-inheritance-tax/

One problem many retirees face is the shift from earning an income and building wealth to depleting your assets.

In fact, only half of mid-retirees aged between 65 and 75 who do not pay for financial advice are confident they're on track to make their pension savings last for life, according to an Aviva survey.

If you're nervous about running out of money in later life, we're here to give you peace of mind. Get in touch or read our blog, linked below, to learn more.

https://www.annettsandorchard.co.uk/why-you-could-benefit-from-reviewing-your-financial-habits-as-you-transition-into-retirement/

While facts should be the main driver of investment decisions, they aren't always.

Indeed, if you give two investors with the same goal the same information, they could make different decisions because of their investment styles.

To discover the psychological factors that influence your investment decisions and 4 tips on how to stick to your strategy, click the link below.

https://www.annettsandorchard.co.uk/the-factors-that-influence-your-investment-style-and-how-to-take-control/