Month: August 2021

Changing financial landscapes

Changing tax landscape

Time to take a different view and organise your financial affairs? Tax planning should enable you to arrange your affairs in ways that postpone or legally avoid taxes. No one likes to pay tax on their hard-earned money so by employing effective tax planning strategies, you could have more money to save and invest or more money to spend. Or both. Your choice. It’s important to organise your financial and tax affairs to make the …

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Personal Lifetime Allowance

Pension Lifetime Allowance

Do you need to take action to avoid risking additional tax charges in retirement? When it comes to your pension, you might assume that the more that you can save into it, the better. But that’s not always the case. Once your pension savings reach a certain level, you may need to take action to avoid risking additional tax charges in retirement. There is a limit to the amount of money you can build up …

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Plan the perfect retirement

Plan the perfect retirement

Creating a comfortable, secure retirement takes care and forethought If you’re 10 to 15 years from retirement, you’re probably starting to think more about how you’ll spend your life after work. You might be contemplating travelling more, dedicating more time to your passions, or enjoying more free time with your family. However, are you concerned the idea of a financially comfortable retirement is increasingly unattainable? You might have some concerns about your pension savings and …

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COVID-19 fallout

24% of the UK population feel financially worse off than before the pandemic During he past year and a half we’ve experienced a stock market collapse, soaring unemployment, millions deferring their mortgage payments – and paradoxically, a booming housing market, plus bulging savings accounts. Analysis by the Bank of England[1] has identified 28% of households have seen incomes fall during the coronavirus (COVID-19) pandemic, rising to 66% among the self-employed. Spending has fallen further, even …

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Evolution of ESG investing

Evolution of ESG investing

Changing face of consumer ethics and behaviours The coronavirus (COVID-19) pandemic has prompted a desire to move into ethical and sustainable investing for more than half (51%) of advised UK adults, according a new report[1]. And while the trend is common across the generations, it’s Millennials who are leading the charge. The report, which looks at intergenerational planning and wealth transfer between advised families amid the financial volatility and insecurity of the pandemic, found that …

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Money's too tight to mention

Money’s too tight to mention

Looking to retire from work, not a paycheck? When it comes to retirement insecurity, one concern dominates all others, the fear of running out of money during retirement and with people living longer than ever before, it’s a very valid concern. A new report reveals how two-thirds (66%) of adults planning to retire this year risk running out of money[1]. The research found that a 2021 retiree plans to spend, on average, £21,000 a year …

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Pension freedoms

Pension freedoms

Looking for a wider choice of investment options? Saving for your retirement is one of the longest and biggest financial commitments you will ever make. Imagine you’re retiring today. Have you thought about how you’re going to financially support yourself (and potentially your family too) with your current pension savings? The pension freedoms introduced in 2015 provide even more of an incentive to look again at your retirement savings. If appropriate to your particular situation, …

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