How pensions can pass wealth down the generations

The way we advise retired clients who are taking a “drawdown” income from a defined contribution pension fund was turned on its head four years ago. Previously the most common advice to clients with other liquid assets had been to spend their pensions first. Any unspent pension funds were taxed at a rate of 55

Chief Executive’s blog November 2018

All the staff at Prest Financial Planning take our firm’s core values very seriously. We have put a great deal of time and thought into developing these values and they affect every aspect of how we conduct ourselves in relation to clients, colleagues, suppliers, business partners and contact with the wider community. Our core values

How to fund school fees

Working out the best way to pay for a child to be educated privately can stretch most parents’ and grandparents’ skills with a slide rule to breaking point. Even for those with very high earnings, paying fees that can amount to tens of thousands of pounds per year out of regular income can be a

Prest Financial Planning named in New Model Adviser “Top 100” UK advice firms

A Hazel Grove, Stockport firm of Chartered Financial Planners has been named as one of the UK’s Top 100 financial advice firms by an authoritative industry publication. Prest Financial Planning is one of just three firms in Greater Manchester, and seven in the North West, to feature in New Model Adviser magazine’s 2018 “Top 100”

Budget 2018 – the financial planning highlights

Following various dire predictions about possible reductions in the amount that can be contributed to pensions and an overhaul of the inheritance tax (IHT) and capital gains tax (CGT) regimes, the Budget delivered by Chancellor of the Exchequer Philip Hammond (pictured) on 29 October 2018 turned out to be fairly benign from a financial planning