Year: 2021

Reappraisal of urban living

3 million people in the UK aged over 50 considering relocating The coronavirus (COVID-19) pandemic has lead to a reappraisal of urban living, with increasing numbers fleeing city confines in search of green space. 3 million people aged over 50 (12%) now plan to relocate in retirement, as a direct result of the pandemic. A year of lockdowns has led these over 50s to want to move closer to family and friends, pursue a better …

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Mind the divorce Gap

Mind the divorce Gap

Women see incomes fall by 33% following divorce, compared to just 18% for men Divorce is an emotionally charged event – and can be an expensive one. The financial impact of divorce can also last for decades and carry on into older age. Women are also often impacted harder financially by divorce, new research highlights. Many women are likely to see their household incomes fall by a third (33%) in the year following their divorce, …

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Plan for tomorrow, live for today

Plan for tomorrow, live for today

Helping you achieve your financial goals The key steps toward financial security are to translate them into your own terms. What, exactly, are your personal financial goals? If you have trouble sorting them out, try classifying them as either wants or needs. Go a step further and add short-term, medium-term and long-term to the descriptions. Now you have some useful labels you can apply to your priorities. If you’re not sure where to start or …

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Wealth Preservation

Wealth preservation

How to minimise a Capital Gains Tax bill The rules around Capital Gains Tax (CGT) are complex and they differ depending on your financial situation. It’s a complicated tax and as a result some people may get confused about how much they should expect to pay. What is Capital Gains Tax?Capital Gains Tax (CGT) is a tax payable on the profits (or ‘capital gains’) you make from selling certain assets. These assets include some property, …

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How to future-proof your finances as a parent

How to future-proof your finances as a parent

A momentous event that can change every aspect of your financial stability The coronavirus (COVID-19) pandemic has had a shattering effect on the country. Future-proofing your finances can help you feel more secure about what lies ahead – whether that’s preparing for big life milestones, such as starting a family, or navigating difficult periods, such as unemployment or poor health. One of the areas that tends to cause some anxiety is managing household finances with …

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Creating wealth for children

Creating wealth for children

Investing isn’t just a luxury reserved for adults Saving for a child today is a wonderful gift for their future. Whether you want to help them buy their first car, contribute to their first home or even set them up for a comfortable retirement, there is little more fulfilling than providing financial security for your children or grandchildren. It’s worrying to think about the expenses they will face as adults. So the earlier you can …

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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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