Prest reports record first quarter and announces recruitment plans

Prest Financial Planning has reported a record first quarter, adding more than £15 million to its funds under management. March 2018 was also its strongest-ever month for new funds under management, accounting for £7.7 million of the total. Chartered Financial Planning firm Prest now manages approximately £350 million in client assets, £50 million of which

Managing Cashflow in Retirement

The financial services sector has an obsession with investment performance tables, charges, fees and regulatory compliance. Amid this noise it can be easy for us to forget what clients of good financial planning firms really value: in my experience it is none of the above! At Prest our clients tell us that the things they

How to contribute more than your annual allowance to a pension

The government places two main limits on the amount you can save into a pension scheme. One is the lifetime allowance for total fund size, which in 2017/18 stands at £1 million, and the other is the annual allowance. The annual allowance, at its current level, limits the amount that you, or anybody else on

The £5.1bn cost of not taking financial advice

Her Majesty’s Revenue and Customs has recently forecast that it will receive an additional £5.1bn in tax by April 2019 as a result of the pension freedoms that were introduced in 2015. These rules allow members of defined contribution (DC) schemes to withdraw as much as they like from their pension savings once they reach

Tax Year-End Checklist

The tax year ends on 5 April 2018, meaning that only a few weeks remain in which individuals can maximise their use of this year’s allowances. An early Easter will wipe out two of the last five working days of the tax year so anyone who wishes to make sure they make the most of