Tag: Savings

2020 Spring Budget

Newly appointed Chancellor of the Exchequer, Rishi Sunak, delivered his first Budget on 11 March, against a backdrop of uncertainty following the COVID–19 outbreak and subsequent financial losses. It was the first of two Budgets to be delivered in 2020, with the second to follow in the autumn...

/ 12th March 2020

Life is Full of Uncertainties.

Everyone should consider protection, even those who don’t have a family or a mortgage! Unless they have substantial savings or inherited wealth, most people rely on their salary to pay for everything. Over the years, you may have taken out a number of different insurance policies to give you and your family financial security. Perhaps this may have been when you started a family, took out a mortgage or became self-employed...

/ 1st March 2020

ISA 2020 Allowance – Use it or Lose it!

Whatever you’re putting money aside for, there’s likely to be a role for Individual Saving Accounts, or ‘ISAs’. An ISA is a way of holding savings or investments without paying personal tax on interest received or on the growth of your investment. Whether you’re a novice or an experienced saver, we can help you get the most from your 2019/20 ISA allowance...

/ 24th February 2020

Tax Wise

As we enter January, the end of the 2019/20 tax year will be just over three months away on 5 April. As this date approaches, the window of opportunity reduces if you want to make the most of valuable allowances, reliefs and exemptions that could help reduce your tax bill and make sure your finances stay tax-efficient.

/ 2nd January 2020

For Richer, For Poorer

Divorce – it’s one of the most difficult subjects to talk about. The emotional upheaval of divorce can be difficult to deal with, but so too can the financial implications. When relationships come to an end, there are so many things to consider. Children, home and support are naturally the first things you focus on.

/ 20th November 2019

Boosting Investment Returns

Three years on from the 2016 referendum, and with ongoing political wrangling, the eventual outcome of Brexit is still uncertain. Brexit-related uncertainty and the challenging domestic backdrop mean investors need to be smarter about how they invest, which is why it is essential to obtain professional financial advice...

/ 4th November 2019

Understanding Investment Risk

There are many decisions to consider when making any investment. One of these is how much risk you are prepared to take. This will be determined by a number of different factors. In this guide, we take a look at the different types of investment risk and how it can relate to returns...

/ 28th October 2019

Inheritance Tax

Will you be one of the thousands of households in Britain that will have to pay Inheritance Tax? What’s the best way to avoid it? If you’re administering an estate because someone has died, how do you obtain probate? Is it ever possible to retrospectively minimise an estate’s tax liabilities?

/ 9th October 2019

Smart Investments

Investors looking for tax-efficient ways to build a nest egg for retirement often look to both Individual Savings Accounts (ISAs) we should link this to a Stocks & Shares ISA not a Cash ISAand pensions. Tax-efficiency is a key consideration when investing because it can make a considerable difference to your wealth and quality of life...

/ 23rd August 2019

Taxing Times

Making sure you use up any allowances you are entitled to is the first step to reducing the amount of tax you may be liable to pay.We’ve provided our ‘Top 5’ list of planning areas to consider before 5 April 2020, the end of the 2019/20 tax year. The rates given are correct for the 2019/20 tax year.

/ 14th August 2019

Protecting What Matters

If something should happen to you, the last thing you want is for you or your family to be worrying about money. One of the most important aspects of your financial planning strategy should be to ensure that you’ve made provisions for your family and any dependants in the event of a serious illness, injury, bening unable to work or an untimely death...

/ 5th August 2019

Lifetime Allowance

An estimated 1.25 million people are set to breach the current lifetime allowance (LTA) limit of £1.055 million for pension tax relief over the course of their working life, according to new research published...

/ 22nd June 2019

State Pension Deferral

A significant number of people working past the State Pension age could be paying unnecessary tax on their State Pension, according to new research [1]. This is because they failed to take up the option of deferring their State Pension until they stopped work. As a result, their entire State Pensionis being taxed, in some cases at 40%.

/ 15th June 2019

Building a Diverse Portfolio

Making sense of today’s market headwinds and building a diverse portfolio should be key priorities for all investors. Whether you have a lump sum to invest or want to invest regularly each month, it’s important to know your money is working hard for you...

/ 3rd June 2019

Breaking Up is Hard to Do

Divorce is undoubtedly one of the most difficult subjects to talk about. When relationships come to an end, there are so many things to consider – children, home and support are naturally the first things you would focus on. In fact, when you begin the process of separating a shared life, the sheer number of things to deal with can seem very daunting...

/ 28th May 2019

Retirement Income

‘Will I be able to afford the retirement lifestyle I want?’is a question that many people ask but struggle to figure out. There are many ways to assess your likely income in retirement and work out how much you need to put away now to enjoy the kind of lifestyle you want in later life...

/ 18th May 2019

Safeguarding your wealth for future generations!

Unforeseen life events and circumstances can potentially impact your finances in a number of ways. We can help you to safeguard your wealth for future generations. But for many of us, there can be a remarkable gap between our intentions and our actions...

/ 19th April 2019

Brexit! What’s Next?

As we’ve been constantly hearing over the past few years in the media, Brexit uncertainty is affecting business and consumer confidence, whilst also contributing to a difficult political backdrop. But right now, the form of what this might look like is unclear, as are the related economic and regulatory implications for investments...

/ 6th April 2019

For the Life you Want

For today’s retirees, retirement has changed almost beyond recognition since their parents’ day. Building a retirement fund requires saving enough money to pay your bills and continue living comfortably when you are no longer generating an income...

/ 24th March 2019

2019 Spring Statement

Chancellor of the Exchequer, Philip Hammond, stood up in Parliament at 12.43pm on Wednesday, 13 March, to deliver his second Spring Statement at an inauspicious time following the House of Commons’ dramatic rejection of the Government’s Brexit deal the previous evening. He commented that: “Last night’s vote leaves a cloud of uncertainty hanging over our economy, and our most urgent task in this House is to lift that uncertainty”. He spoke for 36 minutes before commending the statement to the House...

/ 14th March 2019