Protection for you and your loved ones
What would life be like if you were diagnosed with a serious illness? Things could change very suddenly. You’d get your family together and tell them what was going on. Before long, you’d start spending time in hospital for treatment. You may also need to take some time off.
Combined Finances
Planning ahead for your financial future together
Some couple may prefer to keep their finances seperate, while others share everything.
Whichever method you’ve chosen, when it comes to retirement saving, it’s worth planning together to ensure you’ve made the most of all the allowances and benefits offered to couples.
Your golden years may ultimately be the best of your relationship if you understand each other’s future goals, needs and expectations. Continue reading
Passing on pension benefits
Providing for your loved ones after your death
If you’ve spent a lifetime saving for retirement, you’d probably like any remaining money to go to a loved one after your death. But whether pension benefits are payable to a benificiary, and how they’ll receive them, is dependent on the type of pension you’ve chosen and how you’ve accessed it in your retirement.
How much is the State Pension?
Understanding what you’ll receive and when
While many people have some savings for retirement, most of us will also depend on the State Pension to help cover our living costs. The full new State Pension payment is currently £175.20 a week (2020/21 tax year), but not everyone will receive the full amount and the age at which you’ll receive it varies. Continue reading
Investing for your child’s future
Even small amounts can build up a substantial nest egg
Decided it’s time to start saving for your little one? Putting money aside for your child is a great way to prepare them for their future, and can also teach them valuable lessons about their managing their finances. Continue reading
Pension options
Planning your financial future, and how to get there
One thing retirement is not, is an age. Not any more anyway. Gone are the days of being told to stop working one day and pick up your State Pension the next. Today you have new pension freedoms to decide when and how you retire. Continue reading
Tax planning reimagined
Identifying the best options to preserve your wealth
No one likes to pay tax on their hard-earned money. But due to the complexities of the tax system, without expert professional financial advice, some individuals could be paying more tax than necessary. Before the end of every tax year on 5 April, you have the opportunity to save money on taxes and plan for the year ahead. Continue reading
ISA deadline 5 April 2021: use it, or lose it
Make the most of the tax breaks before its too late
If you hold a Cash Individual Savings Account (ISA) you may be dissatisfied with the low rates of interest you receive, which could make it difficult to grow your money even at a rate that keeps pace with inflation. Continue reading
5 healthy financial habits you shouldn’t ignore
How to get your finances in order to make more of your money
Do you feel like your financial life has been turned upside down during the coronavirus (COVID-19) pandemic? Or, has the start of the new year focused you on getting your finances in order to make more of your money? Whatever the answer is, it’s important to adopt healthy financial habits. Continue reading
Tax saving opportunities
It’s time to identify, plan for and potentially mitigate your tax burdens
The Government has spent hundreds of billions on measures to support businesses and jobs, and fight the coronavirus (COVID-19) pandemic. But how will it pay for these? We won’t know the extent of the final bill until long after the crisis is over. Continue reading