I am 72 and retired. I am aware that if I die after my 75th birthday my Pension Pot would be taxed as income by my beneficiaries (wife and children).As this would no doubt incur some 40% liability, would it make sense to draw from the SIPP up to my 20% income tax limit in the next 3 years rather than use other savings such as ISA's to live off?I have every intention of spending enough not to fall

London's FTSE 100 index dropped on Monday, as poor Chinese economic data weighed on mining stocks, and shares in luxury fashion house Burberry tumbled.The FTSE 100 index ended down 69.95 points, 0.9%, at 8,182.96. The FTSE 250 closed down 13.37 points, 0.1%, at 21,189.52, and the AIM All-Share edged down 0.69 of a point, 0.1%, at 785.48.The Cboe UK 100 ended down 0.9% at 816.46, the Cboe UK 250 fe

Brewing joint venture sold for £206 millionAccelerates timeframe to reduce net debtCompany to layout capital allocation plansIt was drinks all round for Marston's (MARS) after the pub and hotel group announced the sale of its remaining 40% stake in the Carlsberg Marston's Brewing joint venture back to Danish brewer Carlsberg (CARL-B:CPH) for £206 million in cash.The shares jumped as much as 18%

The FTSE 100 and FTSE 250 were in the green on Thursday morning, with Brits heading to polling stations to vote in the general election.Based on surveys leading up to election day, it looks like Labour will win a majority, ousting the Tory's after nearly a decade and a half in power.Across the channel, French voters went to the polls for the first round of the legislative election on Sunday, and t

If you're thinking about using property to fund your retirement, you wouldn't be the first. The post-financial crisis boom in house prices, propelled by low interest rates and government support schemes, led many budding property tycoons towards investing in buy-to-let instead of saving in a pension.For many, that gamble probably paid off, thanks to the long period when mortgages were super cheap,

For those approaching or entering retirement, the idea of being able to live off the income generated by their investments and not having to touch the underlying capital is hugely appealing.For the lucky few who have a 'pot' worth millions that dream may well be a reality, but for most of us it is something we are going to have to work on well before we get to the stage where we can finally stop l

That chip designer Nvidia (NVDA:NASDAQ) is now vying for the position of the world's largest company is arguably less startling than the 'blink and you've missed it' manner in which it has happened. It took Apple (AAPL:NASDAQ) five years to bridge the $1 trillion to $3 trillion market cap gap, Microsoft (MSFT:NASDAQ) about the same. Nvidia did it in barely a year.At the beginning of 2023 Nvidia wa

I am planning on finishing work in a few months' time and want to take my tax-free cash from my pension pot. I understand the rest of my pot will remain invested. However, I have been reading up on this and how to manage the investment.A couple of sources have mentioned 'pound cost ravaging'. What is this and how can I guard against it?DanRachel Vahey, AJ Bell Head of Public Policy, says:Pension s

Big milestones in our lives usually coincide with big personal finance decisions, or at least give us a nasty reminder that we should have been considering our financial futures when it would have made a difference to the here and now.Hindsight, as they say, is a wonderful thing. I had my first child two weeks after the collapse of investment bank Lehman Brothers. That recession was tough for man

I am currently considering my retirement options and have a question regarding transferring my pension from a workplace scheme to a SIPP (self-invested personal pension).I'm wondering if it's possible to make such a transfer and what considerations or steps might be involved in the process.DiegoRachel Vahey, AJ Bell Head of Public Policy, says: Over the last 11 years, more than 11 million people h

Stock prices in London were in the green at Wednesday midday, amid data showing consumer price inflation ebbed to the 2% target in May, ahead of the Bank of England's next interest rate decision due Thursday.The FTSE 100 index was up 4.76 points, or 0.1%, at 8,195.96. The FTSE 250 was up 38.44 points, or 0.2%, at 20,448.68, and the AIM All-Share was up 1.75 points, or 0.2%, at 780.07.The Cboe UK 1

Stocks in Europe were down on Wednesday morning, with the FTSE 100 trading lower despite some UK consumer price inflation respite in May, which puts the Bank of England firmly under the spotlight on the eve of its next decision.Meanwhile, financial markets in New York are closed Wednesday for a public holiday.The FTSE 100 index traded 21.62 points lower, 0.3%, at 8,169.67. The FTSE 250 was down ju

I'm currently 70 years old and intend to leave whatever is left in my SIPP to my granddaughter who is 17 years old.What are the current regulations regarding at what age she would be allowed to access the money, and is there any method to ensure it stays invested until she is of pensionable age?JohnRachel Vahey, AJ Bell Head of Public Policy, says:Pension savers have a lot of flexibility to decid

The Conservatives fired the starting gun in the election campaign on personal tax, pledging to uprate the personal allowance for pensioners using a 'quadruple lock'. This was quickly followed with confirmation that personal tax thresholds and allowances for working people would remain frozen until 2028. Labour has also hinted it would not end the freeze on allowances, nor would it raise tax rates.

There are many reasons why people start investing ? to get better returns on their cash, to meet long-term investment goals, to save for a deposit on a house purchase or for retirement.Whatever your investment goals you can generate wealth from investing in shares, investment trusts, ETFs and funds. In this article we will explain how to turn that aspiration into reality in this step-by-step guide

If you already have a salary sacrifice pension from your employer, is there anything to gain by moving to a SIPP?AnonymousRachel Vahey, AJ Bell Head of Public Policy, says:Before answering it's probably worth quickly explaining what salary sacrifice is and how it works in relation to a pension.Salary sacrifice is simply where an employee and an employer agree to reduce the employee's salary and t

How much pocket money you should pay your children is a common dilemma among parents, but new data shows how much the nation is paying its kids.The Natwest Rooster Money report shows how people using its pocket money app manage the payments and how much they pay their kids. And children have felt the effects of the cost of living crisis, with their average pocket money reducing by £5.20 a year ov

European equities started Tuesday in a muted fashion, following unconvincing trade from Asia.The FTSE 100 index opened down 29.22 points, 0.4%, at 8,394.98. The FTSE 250 was down 86.45 points, 0.4%, at 20,786.88. The AIM All-Share fell 2.67 points, 0.3%, at 807.27.The Cboe UK 100 was down 0.4% at 837.69, the Cboe UK 250 was down 0.3%, trading at 18,205.44, and the Cboe Small Companies was largely

The cost of going to university has ballooned, and it means the average graduate leaves university with around £50,000 worth of debt. That's a large sum to pay off, and the way the student loan system has changed means that many people will have this debt for 40 years before it's wiped out.The debt doesn't work like typical debt, as you only repay it once you earn more than a set threshold ? mean

THIS IS AN ADVERTISING FEATURE Magnificent businesses are not confined to the US. In this article, Imran Sattar, Portfolio Manager of the Trust, explains why there are reasons for investors to be optimistic about the UK stock market despite the well documented headwinds, including the fact there are many companies with high returns and good growth prospects.I was appointed portfolio manager of