A year marked by several tax changes that impacted higher rate taxpayers
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. Continue reading
Planning for your life after work to ensure a financially secure future
Retirement planning is an important step to ensure a financially secure future. When calculating how much you’ll need to live on in retirement, there are various factors to consider. Everyone’s circumstances are different. Continue reading
Nearly half of women aged 50-65 plan to continue working in some capacity after reaching the State Pension age
Years of gender-based earnings disparity have resulted in a significant pension savings gap between men and women, leaving many women in their 50s and 60s financially precarious. According to analysis, women are more than twice as likely to rely on financial support from their partner[1]. Continue reading
How to help with money management and financial literacy
Passing on the benefit of your experience to your children or grandchildren is crucial for their future success. However, financial planning can be complex, and even the most knowledgeable individuals may need help. Continue reading
Taking proactive steps in securing your child’s or grandchild’s financial future
Many parents and grandparents set aside money for the next generation to help with their financial needs. The rising cost of education, housing, and life in general, has created concerns about financial stability for future generations. Continue reading
Assessing your current and projected wealth, income and expenses
Retirement planning is of utmost importance, regardless of your income or wealth. It ensures a steady income stream after retirement and provides financial security for you and your loved ones. Continue reading
Starting estate planning early and implementing it in stages is desirable
The UK Treasury has been receiving record-breaking Inheritance Tax (IHT) receipts. IHT receipts amounted to approximately £7.09 billion British pounds in 2022/23, compared with £6.05 billion in the previous financial year[1]. Continue reading
A decade-by-decade guide
Planning for retirement is essential to ensure you have the financial security to enjoy your golden years. As retirement can be a long way off, it’s essential to start saving for retirement as early as possible. Continue reading
Financial responsibilities increase significantly after 25
Paying essentials such as utilities and council tax becomes a reality as young adults transition from student life to the workforce. The reality of financial responsibilities often accompanies the excitement of newfound independence during one’s mid-twenties. Continue reading
73% of women make only minimum pension contributions, compared to 58% of men
A significant difference in pension contributions between men and women has been revealed from a recent study[1], highlighting that women are more likely to pay the minimum required amount into their pensions under auto-enrolment. Continue reading