Pinnacle Financial Management Ltd

04/09/2025

13/06/2024

As the years to retirement count down, reviewing your current pension arrangements could help keep your plans on track and provide an opportunity to make changes, if required. Getting a State Pension forecast makes sense too. Many of us will have multiple jobs during our working lives, it’s important to keep track of pension pots from previous employment. If you’re planning to keep working beyond State Pension age, it could help to think about alternative strategies, such as part-time work or even starting a new career. Get in touch, I can help you stay on top of your options as retirement approaches.

28/02/2024

Chancellor Jeremy Hunt has announced that this year’s Spring Budget will take place on Wednesday 6 March. What does he have in store? There’s been talk of possible cuts to income and inheritance tax. And there could be other changes that could affect your financial plans.

We’ll have to wait and see, but whatever happens in the Budget, rest assured we’ll be on top of it, and we’ll keep you up to date.

01/12/2023

It’s not unusual to end up with several pensions over your working life. Having pension pots with different providers can make it difficult to keep track of how they’re performing, and how much you’re paying in charges.

What to do with them all can be a difficult decision, as there’s not a one-size-fits-all solution. For advice on any aspect of your pension arrangements, including whether combining your pension is right for you, please get in touch

22/11/2023

The Chancellor of the Exchequer, Jeremy Hunt, delivered his Autumn Statement earlier today and here’s a brief update on the key points:

• National Insurance rate cut from 12% to 10% on earnings between £12,570 and £50,200 from 6 January 2024, if urgent legislation is approved. This will mean a £450 saving for an average salary of £35,000

• For those self-employed with profits over £12,570 the 'Class 2' National Insurance charge will be abolished from 6 April 2024. This is a flat rate compulsory charge of £3.45 per week, which will save the average self-employed person £192 a year

• The state pension will increase by 8.5% from April 2024 to £221.20, maintaining what's known as the 'triple lock'. This is the safeguard that applies to the UK state pension to ensure it doesn't lose value due to inflation. It's the commitment to increase state pensions by whichever is the highest of these three: inflation measured by the Consumer Prices Index OR the average increase in wages across the UK OR 2.5%

• Multiple subscriptions and partial transfers into Individual Savings Accounts (ISAs), along with some other measures, will improve flexibility

• A consultation into giving pension savers the option to have one pension pot for life

• Universal Credit and disability benefits will rise by 6.7% in line with September's inflation rate

• Alcohol taxes will be frozen for six months to August 2024

Tax rules can change and the impact of taxation, and any tax relief, depends on your personal circumstances.

If you have any questions about this, or anything else, please get in touch .

20/09/2023

Ever asked yourself whether it’s worth getting professional financial advice?
Let me help answer that - financial advice is not just about buying a product. It’s an ongoing process of aligning your personalised plan with your needs and goals. It involves regularly reviewing that plan, throughout changing market conditions and your personal circumstances.
As an financial adviser, I will consider each financial decision as part of your wider strategy, providing you with peace of mind that your finances are in good hands and more time for you to enjoy the simpler things in life

13/09/2023

Pension Awareness Week is back from 11-15 September
This year it will celebrating a decade of making a positive change in people’s financial lives through raising awareness of the importance of pensions.

Get in touch if you want to discuss your retirement plans

21/08/2023

Several recent changes to pensions including increases to the Annual Allowance and the Money Purchase Annual Allowance, bring greater flexibility.
The change makes it easier for people to accumulate a larger pension pot and not be penalised by taxes. The changes mainly impact higher earners, those with generous company pensions and those looking to aggressively fund their pensions later in life. Get in touch for more information on these changes and support with your pension arrangements.

21/08/2023

Do you need a ‘nudge’ to help boost your retirement planning?
By making small behavioural adjustments to your spending habits, you could enjoy an additional financial boost in retirement income.
The key lies in imagining yourself in the future, rather than viewing their ‘future self’ as a different person. Treat your pension like a gift you’re giving yourself – you just can’t open it yet! If you need a ‘nudge’ from us, get in touch.

30/03/2023

How can you quantify the value of financial advice? One of the real values of working with a financial adviser is in avoiding expensive mistakes. It’s all about making smart decisions with all aspects of your money.
Asset allocation is key; getting the right mix of investments is an important investment decision. Defining your objectives and creating a well thought out investment strategy, identifying the right mix of investments for you. This ensures that you take the right level of risk and are best placed to achieve the returns you need. To maintain the right mix of investments, you may need to rebalance the portfolio every so often. Need help? We offer a restricted advice service

09/02/2023

We provide expert financial advice that delivers bespoke financial solutions to meet our clients’ individual needs.

Areas we can help include:
Retirement Planning
Income in Retirement
Investments and Savings
Protection for your Family
Estate Planning

We tailor our advice to each client, by taking the time to really understand what’s important to them.

Need help, with your financial planning needs? Get in touch. We offer a restricted advice service.

26/01/2023

Where are you with your retirement planning? Is it time for a retirement reboot? We’re all leading busy lives and with cost-of-living financial pressures intensifying, it’s understandable if retirement plans have been placed on the back burner. Nowadays there’s more things you need to consider and have a plan for, like how to manage your finances to provide the income you’ll need to live on, how you’ll transition into full retirement and what lifestyle you want to enjoy in your later years. If you’re keen to revisit your plans and get them back on track, so you can relax and fully enjoy your retirement years, the new year is the perfect time to act, so please get in touch. We offer a restricted advice service