TREASURE TROVE
£26.6 BILLION IN FORGOTTEN PENSIONS Did you know as many as 1 in 20 people could have a pension they didn’t think they had? Could that be you? It’s estimated £26.6 billion is currently trapped in forgotten pensions, averaging about £9,500 each. With most individuals juggling multiple jobs throughout their lifetime, it’s no wonder that […]
IT’S GOOD TO TALK
HOW TO NAVIGATE FINANCIAL CONVERSATIONS WITH YOUR FAMILY Money, a subject often seen as taboo within family conversations, is surprisingly more entwined in your family’s affairs than you might think. Engaging in frank discussions about financial matters can create opportunities for strategic financial planning, potentially enhancing your family’s financial future. The sooner these discussions begin, […]
BALANCING PROFIT AND PLANET
STRIVING TO USE IMPACT TO BOOST INVESTMENT RETURNS ESG (Environmental, Social and Governance) investing, a socially responsible investing approach, seeks to harmonise financial returns with a company’s environmental impact, stakeholder relationships and global footprint. Our planet faces numerous challenges, from climate change to a rapidly growing and ageing population. Understanding and incorporating ESG risks and […]
TAX-SAVING MEASURES
WHAT ACTIONS TO REVIEW BEFORE THE 2023/24 YEAR-END? Have you recently evaluated your personal tax situation? Is your tax structure optimised for efficiency? 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 […]
TIME TO SIPP INTO FINANCIAL FREEDOM?
‘I WANT TO TAKE CHARGE OF MY RETIREMENT SAVINGS‘ A Self-Invested Personal Pension (SIPP) is more than just a pension. It’s a gateway to financial freedom that can offer you an unparalleled level of control. With a SIPP, you are at the helm of your investment decisions, determining how your money is invested and your […]
TIME TO KICKSTART YOUR RETIREMENT PLANS?
HOW TO GET YOUR RETIREMENT PLANS IN MOTION Retirement signifies a well-deserved achievement, a significant turning point in life. It should be a period of anticipation and joy, an opportunity to indulge in activities that bring happiness and contentment. Currently, retirement is marked by increased flexibility in accessing your pension savings. While this offers many […]
CHANGES TO THE STATE PENSION
‘TRIPLE LOCK’ TO INCREASE BY 8.5% FROM 6 APRIL 2024 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. The State Pension is a recurring benefit paid out every four […]
NATIONAL INSURANCE CONTRIBUTIONS (NICS)
SIGNIFICANT REFORMS AND RATES CUT FOR MILLIONS OF WORKERS National Insurance is a cornerstone of the welfare and benefits system. As a citizen, your contributions will likely play a significant role in funding state provisions such as pensions, maternity leave and bereavement support. If you’re over 16, under the State Pension age and either employed […]
IMMEDIATE GAINS,LONG-TERM LOSSES
THE HIGH PRICE OF HALTING PENSION CONTRIBUTIONS In times of financial stress or uncertainty, it may be tempting to hit pause on your pension contributions. However, before you do so, it’s essential to understand the long-term implications this decision may have on your retirement savings plan. Decisions to increase short-term income can dramatically affect future […]
THE REALITY OF RETIREMENT
ARE YOU SURE YOUR TARGET RETIREMENT AGE ALIGNS WITH YOUR FINANCIAL STATUS? In today’s fast-paced world, the concept of retirement often takes a back seat. For many, it remains a distant reality, mired by uncertainties and apprehensions. However, planning for retirement is an essential aspect of financial planning, which warrants attention from an early age. […]