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Pensions – An article from Letts Wealth Management
A pension is a long-term investment that aims to build a fund for retirement in a tax-efficient way. This can be used in retirement in a variety of ways depending on the type of pension scheme the fund is from. Pensions take many different forms – workplace pensions, stakeholder, personal pensions, group schemes, final salary, SIPPs, the list continues. Pensions offer some of the most generous tax breaks around. Thanks to tax relief, your contribution is boosted by 25% immediately. If you pay more than the basic rate of Income Tax, you may be able to claim even more tax relief through your self-assessment tax return. Money you invest today…
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What Happens if You Don’t Have a Power of Attorney?
Approximately 1 in 4 people in the UK will experience a mental health problem each year. In England, 1 in 6 people report experiencing a common mental health problem (such as anxiety and depression) in any given week. If there comes a time in the future when you don’t have the mental capacity to make or communicate your own decisions, and you haven’t created a valid lasting power of attorney or enduring power of attorney, it may be necessary for the Court of Protection to become involved. What happens if I lose capacity and don’t have a power of attorney? If you’re married or in a civil partnership, you may…
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Sara Sheppard from SLS Wills and More
Sara Sheppard started SLS Wills and More in June 2017 after more than 30 years in private practices with a number of solicitors across East Kent. “The reason I began SLS Wills and More was to provide a friendly, caring service in the comfort of my clients homes. During the course of my career, I have found that a lot of people, particularly those who are the most vulnerable, prefer to remain in at home, where they feel more comfortable than in a solicitor’s office, which can provide logistical difficulties, can be difficult to get access and can sometimes feel overbearing. I like to spend time with my clients, to…