Three years on since the pension reforms – have you taken advantage?

Since April 2015, individuals aged 55 and over have been given unfettered access to their pension savings. Three years on from the pension reforms, figures released from HMRC have revealed that £17.5bn has been flexibly withdrawn. Half a million flexible … Read More

2018/19 tax changes – what you need to know

It’s that time of year again. April marks the start of the new tax year, which means a number of changes that will impact your finances. Here’s what you need to know: Income tax The point at which workers start … Read More

Lifetime Inheritance Tax (IHT) planning – normal expenditure out of income

Did you know that if you have substantial income, whether from earnings, savings, investments or pensions, you can make significant reductions to your potential inheritance tax (IHT) liability by making gifts from what is known as ‘normal expenditure out of … Read More

Keeping track of your past pensions

The traditional ‘job for life’ is a thing of the past, as the average Brit now works for at least 11 different companies. This makes keeping track of your past pensions a little challenging. As a result, there is more … Read More

What does 2018 have in store for your finances?

The new year brings a number of financial changes that could impact your finances, so here’s what you should be looking out for in 2018: State Pension: The State Pension will rise by 3% from April thanks to the triple … Read More

Key points from the 2017 Autumn Budget

Philip Hammond delivered his Autumn Budget yesterday. Those hoping for sweeping giveaways might be a little disappointed, but there is some good news at least for first-time buyers. Here we take a look at some of the Chancellor’s key points that could … Read More

UK inflation hits five-year high – what it means for your State Pension

Inflation figures have hit a five-year high this September, which suggests the State Pension will rise by 3% in April 2018. This means the new flat rate State Pension payouts will increase from £159.55 to £164.34 a week, making pensioners nearly £250 … Read More

Your Investment Jargon Buster

You’re not alone if you think finance comes with a language of its own. But investing doesn’t have to be confusing. Here at Calculis we like to try to keep things as simple as possible, so to help you navigate … Read More

Are cash ISAs still worthwhile?

Once a tax-free haven for savers, the cash ISA has recently taken a hit in popularity, with the amount subscribed falling by almost £20bn in the last tax year (2016/17). Why are cash ISAs falling out of favour? Firstly, the … Read More

Pension withdrawals without advice becoming the ‘new normal’

As a result of the pension reforms, more and more under-65s have accessed their pension pots early, according to the Financial Conduct Authority (FCA). But the worrying news is that one in three failed to seek financial advice when doing … Read More