Read how we helped one of our clients save over £200,000 in tax!

Read how we helped one of our clients save over £200,000 in tax!


Pension rules allow those aged 55 and over to withdraw a tax free lump sum from their pension funds, which can be an enormous benefit, providing invaluable flexibility. 

However, care must be taken and advice should be sought to ensure that you don't end up paying tax when you could avoid it. 

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Should I use my pension to pay off my mortgage?

Should I use my pension to pay off my mortgage?


Faced with the possibility of taking a tax free lump sum from your pension fund, you are presented with many temptations.

We're not necessarily talking about buying a sports car or taking a round-the-world cruise, it might be something seemingly prudent, such as using the lump sum to pay off a mortgage to reduce outgoings. 

But, is that such a good idea?

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Why is it important for Reeves to manage your portfolio?

Why is it important for Reeves to manage your portfolio?


The past few months, Reeves have performed well against the FTSE index whilst the markets have been struggling. Due to the market conditions, many of our clients have been in touch with questions regarding their portfolio. Here are the four main questions we are being asked regarding the market conditions & how Reeves manage your portfolio. 

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Should you take your 25% tax-free pension lump sum?

Deciding if you should take your 25% tax-free pension lump sum can be difficult. However, one of the most popular perks of saving into a pension is having the option to pocket 25% tax-free cash when you stop working. Many of our clients have already decided how they are going to spend their lump-sum by paying off a mortgage, luxury holidays, camper-vans- the list is endless!

Before you indulge in what the money can buy you, there is another option- not to take the lump sum. 

You could leave your pension alone to continue to grow to provide a higher income over the course of retirement. 

Unless you have a definite plan for your cash, this can be a wise decision. You are still able to get 25% of your pot tax-free even if you opt to withdraw gradually in smaller amounts. You will lose the tax-free perk if you tie up your entire pot with annuity or income drawdown scheme.

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Pension Drawdown Rules: 25 Questions Answered

Over the past 2 years we have had some of the most wide-ranging pension reforms the UK has ever seen. The freedoms introduced put people firmly in control of when and how they take an income from their pension pot. But pension drawdown rules aren’t straightforward and confusion abounds. So, in an attempt to make things clearer, here’s an answer to the 25 most popular questions I get asked.

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Exposed: 6 Lifetime Allowance Tax Charge Myths

How well do you understand the Lifetime Allowance tax charge?

The lifetime allowance is the maximum amount of pension savings which you can access tax efficiently in your lifetime.  Prior to 2006 there was no limit to the amount you could save. The first lifetime allowance was set at £1.5m.

It rose to a peak of £1.8m for the 2010/11 tax year but has steadily dropped since as successive Governments have raided pensions to fund other projects.

You can now save up to £1m into a pension over your lifetime.

We get a lot of clients & prospective clients asking how this allowance will affect them, so we thought we would set the record straight. Below are the most common myths we hear.

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