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WPS Financial Group guide to the budget

Chancellor of the Exchequer George Osborne delivered his eighth Budget speech on Wednesday 16 March, his third in 12 months. In our summary of the key announcements, we consider how they could impact on your finances today and in future years to come. Read all about it in our latest budget newsletter.

Get your Lamborghini

When the UK government relaxed the rules around withdrawing funds from pensions, opponents of the changes claimed pensioners would blow their retirement pots on luxury goods. One politician coined the ‘right to buy a Lamborghini’ phrase in relation to this concern. The concern relates to the introduction of flexible drawdown or uncapped drawdown – the [...]

2015-03-02T16:59:16+00:00 September 11th, 2014|Categories: Pensions, Planning|Tags: , , , , , , |0 Comments

With (pension) power comes responsibility

Many have welcomed the UK government’s recent changes to pension rules which, in a nutshell, make pension funds more accessible and empower individuals to make their own choices about how they invest or spend their hard-earned funds. Once thoughts of lavish holidays and new cars, which might suddenly seem affordable, have passed, we are finding [...]

Plan for the unexpected

Have you ever considered what happens if one of your business partners falls seriously ill or dies unexpectedly? Their shareholding in the company will normally pass to their partner or children. This means you either end up with uninformed shareholders suddenly having a say in the business…or, you will need to buy them out. According [...]

Step-by-step SIPPS

Self-invested personal pension funds (SIPPs) are a rapidly growing but still often misunderstood concept within the world of pensions. Yet they are a fantastic innovation that can be used to easily and legitimately invest in a wide range of commercial ventures, boosting the value of that fund. Individuals especially within the business world may be [...]

2015-03-02T17:04:41+00:00 January 10th, 2014|Categories: Pensions|Tags: , , , , , , , , , |0 Comments

SIP Wealth Management warns on pension changes

SIP Wealth Management, the Swansea-based Chartered Financial Advisers that is part of the WPS Financial Group, has warned diligent pension savers to take action now to avoid being caught by changes to the lifetime allowance on pensions that could leave them with a hefty tax bill. From April 2014, the UK government is reducing the [...]

2015-03-02T16:45:09+00:00 November 19th, 2013|Categories: News, Pensions|Tags: , , , , , , , |0 Comments

WPS Financial Group hires compliance director

WPS Financial Group, the group that owns Swansea-based Chartered Financial Advisers SIP Wealth Management, has hired a Compliance and Operations Director in a move designed to cement its position as one of Wales’ biggest and most successful financial advisory groups. Andrew Boyt has 33 years’ experience working in the wholesale financial services arena. He is [...]

Boost business through your SIPP

The warm weather of late has meant business for many parts of the local tourism industry has been booming. When the sky is blue and the sea is warm, there is no better place to enjoy such a holiday and the owners of campsites, hotels, B&Bs and other businesses have been reaping the rewards. Some [...]

Rugby, property and pensions

Pondering pension investment options is not everyone’s cup of tea. Despite its obvious importance, many view pensions as a boring necessary evil in stark contrast to making business decisions with more immediate results. But Swansea-based SIP Wealth Management (Chartered Financial Advisers) has turned that perception on its head in recent weeks thanks to two innovative [...]