GREAT WEALTH TRANSFER
PREPARING BOTH ‘THE FAMILY’ AND ‘THE MONEY’ FOR THE TRANSITION OF WEALTH TO THE NEXT GENERATION If you want to pass wealth on to your children and grandchildren, it’s wise to contemplate when it might be best to make that gift. Should you transfer wealth during your lifetime—or after? Some people may find compelling reasons […]
INHERITANCE TAX RECEIPTS REACH £6.1BN
WHAT IF I COULD MAKE MY WEALTH MORE TAX-EFFICIENT? We all want to leave a legacy and make sure the ones we care about most are well taken care of when we’re gone. That’s why making plans for Inheritance Tax is so important, to have confidence that your children, grandchildren and those you hold dearest […]
SELF-EMPLOYED EXTREMELY VULNERABLE TO LOSS OF INCOME
81% AREN’T SEEKING FINANCIAL ADVICE Self-employed people are at risk of financial hardship if they don’t have sufficient provision in place. Without a regular income, it can be difficult to cover expenses and also save for the future. In many cases, the self-employed are unable to claim for many of the benefits that employees are […]
MIDLIFERS SET TO BE IMPACTED TWICE BY THE COST OF LIVING
FINANCIAL PLANNING ESSENTIAL TO HELP BALANCE PRIORITIES As the cost of living crisis continues to rise, midlifers are set to be impacted particularly hard. This is because many midlifers are still paying off mortgages and other debts, while also trying to support their families. This means that they often have less disposable income than younger […]
PENSION POVERTY AFTER DIVORCE
ENSURING AN EQUAL DIVISION OF ALL THE ASSETS WITHIN THE MATRIMONIAL POT The breakdown of a marriage is often referred to one of the most traumatic and stressful events anyone can go through. Divorce can also be a costly experience, often including legal fees, a new home, a new car and new childcare costs. So, […]
RECESSION-PROOF YOUR FINANCES
10 PRACTICAL STEPS TO ENSURE YOUR MONEY IS WORKING HARD FOR YOU In these uncertain times, it’s more important than ever to make sure your finances are in order. The Bank of England believes that a painful squeeze on our living standards, driven primarily by soaring energy prices, is set to intensify and will push […]
Triple Lock Set Aside
State Pension is still the bedrock of many pensioners’ retirement income The earnings benchmark of the State Pension triple lock has been temporarily set aside for this year. The Department for Work and Pensions(DWP) confirmed on 7 September 2021 that the State Pension triple lock rule has not been applied for the current 2022/23 financial […]
STARTING A FAMILY
WHAT STEPS TO TAKE TO PREPARE FINANCIALLY Having a baby is one of the most exciting, life-changing events that you’ll ever experience. But along with the joy and happiness that comes with starting a family, there is also the reality of the added costs. On average in 2021, the total cost of raising a child […]
WHAT DOES INFLATION MEAN FOR ME AND MY MONEY?
HOW TO PROTECT AND GROW YOUR WEALTH OVER TIME Inflation is one of the most important factors that savers and investors must take into account when making decisions about their money. Although inflation can eat away at the purchasing power of your savings, it can also create opportunities for profit if you invest in assets […]
SELF-EMPLOYED VULNERABLE TO FINANCIAL SHOCKS
NEW RESEARCH HIGHLIGHTS THAT 81% AREN’T SEEKING FINANCIAL ADVICE As more and more people reject the traditional working structure in favour of becoming self-employed, some people could be at risk of financial insecurity as they lose out on employee benefits that offer protection in the present, and financial planning for the future. New research highlights […]