An addendum to the contract of sale describing the property and the terms of the leasehold/freehold
The period of service for which an employee is credited as being an active member of their company pension scheme. Pension benefits are usually calculated on each individual’s pensionable service and highest average salary.
Pensioner Bonds are special saving bonds specifically designed for over 65s, which were first announced by George Osborne in the 2014 Budget. You will need a minimum deposit of £500 and can save up to £10,000 in each Pensioner Bond. They come in one-year bonds paying approximately 2.7% and three-year bonds paying approximately 4%. Each individual can take out one of each, allowing couples to take out one one-year bond and one three-year bond each.
PPF, set up by the Government in 2005, protects members of Defined Benefit pension by paying compensation to eligible members of workplace pension schemes in the event of company insolvency.
In the UK, your personal allowance is the threshold above which income tax is levied on your income. If you were born after the 6th of April 1948 and your income is less than £100,000 your personal allowance is typically £10,000.
A retirement option for those over 55 who want access to their pension benefits but do not require the full amount of tax-free cash (25%) of their pension funds.
A property sector made up of privately rented houses.
A policy that pays out if you lose money because your legal firm is negligent or makes a mistake
Your property portfolio includes all the investment properties that belong to you or your company.
A popular style of accommodation purposefully built for housing students.
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Knight Knox Limited is a company registered in England and Wales. Registered number: 5236745.
The contents of this website are marketing materials and do not constitute property particulars for contractual purposes.