Tag: financial future

Our Guide to Individual Savings Accounts

Investing in an Individual Savings Account (ISA) is a tax-efficient, flexible method for future planning. One of the most attractive features of an ISA is its tax benefits – it’s immune to both Income Tax and Capital Gains Tax on any growth within the fund or on income you withdraw. This makes contributing to an ISA an intelligent decision for those looking to grow their wealth while minimising tax liabilities.

/ 6th March 2024

Our Guide to Year-End Tax Planning

As we approach the end of the tax year on 5 April 2024, it presents an ideal opportunity to assess and leverage the various allowances and reliefs available to enhance your tax profile. Allocating time for this review can provide valuable insight into potential opportunities for you and your family.

/ 26th February 2024

Are you aware of the changes to the State Pension?

The State Pension is set to increase commencing on 6 April 2024 due to a mechanism known as the ‘Triple Lock’. Chancellor Jeremy Hunt has announced an increase of 8.5%, which pensioners will welcome.

/ 7th February 2024

Succession Planning, A Family Affair

Transferring wealth within a family is a delicate process that requires clear communication and effective planning. Otherwise, it could lead to a potentially large tax bill and bad feeling in the family.

/ 23rd January 2024

Expanding Horizons: Tean Hatt

We’re thrilled to announce the newest addition to the Vizion Wealth family, Tean Hatt, a seasoned and highly knowledgeable financial advisor with an impressive track record in the industry. I’m personally delighted because I worked with Tean for 5 years at Hargreaves Lansdown until 2011 when i left to set up Vizion Wealth. Tean's arrival not only strengthens our advisory team but also reaffirms our commitment to providing top-notch financial advice and services to our clients nationwide.

/ 15th December 2023

Taxing Times for 2023

As we approach the end of the year, taxpayers should begin assessing their tax obligations. This is not a task to be left to the eleventh hour, especially considering tax changes coming into effect in 2024. By understanding your tax obligations early on, you could avoid unwelcome surprises.

/ 11th December 2023

Our Guide to Making A Will

We often avoid thinking about the inevitable, but planning ahead is crucial, especially when it comes to securing your loved ones’ futures. Writing a Will isn’t just a legal formality; it’s a way to ensure your assets are distributed per your wishes and your family is cared for even when you’re not around.

/ 1st December 2023

The perils of trying to time the market

The common adage 'buy low, sell high' might seem like a fool proof strategy for maximising investment returns. However, the reality is far more complex than simply trying to predict market fluctuations. Timing the market involves anticipating its highs and lows to buy when prices are at their lowest and sell when they peak.

/ 20th November 2023

Missing out on unclaimed money that could be in your pocket?

According to recent research, higher rate and additional rate taxpayers in the UK leave millions of pounds of pension tax relief unclaimed yearly. This amounts to a staggering total of £1.3 billion over a five-year period. This unclaimed money could be in your pocket instead!

/ 31st October 2023

A guide to saving and investing for the next generation

Investing in your child or grandchild’s future is a thoughtful and responsible step towards securing their financial stability. In the UK, initiating an investment early for a child makes sense and can be highly beneficial in the long run.

/ 19th October 2023

Mastering Your Financial Future: The Power of Cash Flow Modelling

Investing can feel like navigating uncharted territory, particularly for those new to the field. With many options and strategies available, it's crucial to grasp what you aim to achieve with your investments clearly.

/ 9th October 2023

How bonds’ structure and tax advantages can help you pass on wealth

Investment bonds offer several benefits that some investors may be missing out on, and have become even more beneficial due to recent changes in tax regulations.

/ 27th September 2023

Maximising your investments in your 50’s

As you approach your 50s, securing a comfortable retirement becomes more urgent, making it essential to strategically optimise your investments for a retirement that aligns with your envisioned lifestyle and aspirations.

/ 15th August 2023

10 reasons to get your tax return filed now

Filing your tax return early offers many benefits, from avoiding penalties and reducing stress to maximising eligible deductions and protecting against identity theft.

/ 2nd August 2023

Passing on assets Tax-efficiently

Are you concerned about the impact of Inheritance Tax (IHT) on your estate? It’s natural to want to leave behind a legacy for your loved ones, but without the right plan in place, a significant portion of your wealth could be subject to Inheritance Tax. With IHT affecting more and more families, it’s crucial to be proactive and plan accordingly. In most cases, it’s better to begin Inheritance Tax planning as early as possible in order to ensure that your estate is adequately protected. Investing in other options like trusts or leaving money to a registered charity may also provide...

/ 2nd June 2023

Wealth Succession

Financial planning can be a daunting and uncomfortable conversation for many, but thankfully attitudes towards talking about money are changing. Wealth succession should be an integral part of your financial plan as early as possible – because the right preparation now can have positive long-term impacts on future generations.

/ 29th March 2023

Time for a tax health check?

Personal tax planning should be at the top of your agenda as the end of the current tax year is not too far away. Taking action now may give you the opportunity to take advantage of any remaining reliefs, allowances and exemptions. At the same time, you should be considering whether there are any planning opportunities that you need to consider either for this tax year or for your long-term future. We’ve listed a few reminders of the issues you may want to consider as worthy of including in your 2022/23 tax health check to-do list.

/ 28th February 2023

Guide to Individual Savings Accounts

Time is running out to take advantage of this year’s Individual Savings Account (ISA) allowances. On 6 April when the new tax year starts, if you haven’t used all of your or your children’s ISA allowances from the previous tax year, it will be lost forever. Check out this guide to Individual Savings Accounts.

/ 7th February 2023

Minimising or even avoiding Capital Gains Tax Liabilities 

Gains are calculated by subtracting the purchase price and related expenses (such as sales charges) from the selling price. They are generally taxed at a rate higher than income taxes in order to discourage speculation. If you plan to sell assets that have appreciated in value, such as real estate, stocks or bonds, it is important to be aware of CGT and how it can affect your bottom line. Proper planning can help you minimise or even avoid CGT liabilities.

/ 7th February 2023

2023 Financial Resolutions

Most of us have probably made at least one New Year’s resolution, but how many of us will actually go on to achieve it? We all have different financial goals and aspirations in life, yet these goals can often seem out of reach. In today’s complex financial environment, achieving your financial goals may not be that straightforward.

/ 24th January 2023