Independent Financial Life Planners Bishop's Stortford: Pension Plans for the next election

Tuesday, 16 September 2014

Pension Plans for the next election

Enable’s IFA’s in Bishops Stortford know that good financial management keeps abreast of polictical changes and changes in the law. Back at the beginning of the year Prime Minister David Cameron promised to keep the triple lock on state pensions until 2020 if he is re-elected in 2015. Cameron said: “People who have worked hard, who have done the right thing, who have provided for their families, they should then know they will get a decent state pension and they don’t have to worry about it lagging behind prices or earnings and I think that’s the right choice for the country.”

The triple lock, which was part of the last Liberal Democrat manifesto and introduced in 2010, guarantees pension rises in line with inflation, earnings or 2.5 per cent, whichever is highest.

Labour says it is “committed” to the triple lock but will set out its plans closer to the general election.

Just recently the Liberal Democrats published the party’s manifesto, it will consider introducing a single rate of pensions tax relief of above 20 per cent if they win next May’s general election.

It also says: ”[We will] establish a review to consider the case for, and practical implications of, introducing a single rate of tax relief for pensions, which would be designed to be simpler and fairer and which would be set more generously than the current 20 per cent basic rate relief.” Predicting the future is impossible but making sensible informed choices to provide for your retirement is something Enable's IFA’s are here to do.

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.