Gifts of the Financial Variety

Gifts of the Financial Variety

With the festive season almost upon us, have you considered giving your grandchild or grandchildren a present that can help their financial future?
UK tax laws allow children to receive pension contributions of up to £3,600 a year from the moment they are born. Opening a pension for your grandchild or grandchildren could significantly improve the amount they eventually inherit. With both tax and estate planning benefits, together with the prospect of giving them financial independence in their retirement years, this really could be the most valuable gift you ever make to them. To discuss this and any other retirement planning concerns you may have, please contact Michael O’Sullivan or Tony Lloyd on 020 8941 9779.


Happy ISA New Year

This tax year you can shelter up to £11,280 from tax by investing in
an Individual Savings Account (ISA). During his Autumn Statement
last December, the Chancellor, George Osborne, announced plans to
increase the ISA limit to £11,520 from 6 April this year. If you haven’t already used up your full ISA allowance
you can’t retrospectively make up any unused shortfall
later – it’s lost forever. Contact Tony Lloyd on 0208 941 9779 to dicuss your options.


EU lawmakers change annuities for good

From 21 December 2012, providers will no longer be able to use gender as a factor when determining annuity rates offered to individuals. Annuity providers currently assume that males generally have shorter life expectancies than females. This is the reason that males are normally offered better annuity rates than females. In future, males and females must be provided with the same annuity rates. This means that annuity rates are likely to fall for males, but could improve for females. If you are near retirement find out how this will affect you by calling Michael O’Sullivan on 0208 941 9779.


Are you cheerful or fearful?

Where to invest your money now to cash in on recovery or fresh disaster

At Lloyd O’Sullivan Financial Services we understand that the world teeming with opportunity or full of danger right now? For shrewd investors, the answer, of course, is both – and if you make the right calls, you can expect to profit. There’s no avoiding it: investing and risk go hand-in-hand. The truth is that understanding risk is less risky than not investing at all. Continue reading…


Could you boost your child’s inheritance by thousands?

You need to take action whilst you’re still alive

Parents could boost the value of their children’s inheritance by thousands of pounds if they start to take action whilst they are still alive. Something as simple as using surplus pension income to contribute into a pension for their children can make a significant difference to the value of the inheritance they leave behind. Call Tony Lloyd for more information on 0208 941 9779.


People don’t plan to fail, but they do fail to plan

What financial New Year’s resolutions will you make?

There’s a saying that goes, ‘people don’t plan to fail, but they do fail to plan’. In the run up to Christmas this is the perfect time to review your financial goals for the start of the New Year. Setting financial goals is all about starting with the end in mind – thinking about the outcomes you are hoping for. If you are clear about what you are trying to achieve it will help you to make good investment decisions.

Continue reading…