Wealth Preservation

Protecting family wealth

Protecting family wealth

Start planning your legacy to mitigate or reduce Inheritance Tax If you’ve worked hard throughout your lifetime to grow your wealth, and hope it will help to safeguard the financial security of your loved ones after you’ve gone. But without careful planning in your lifetime, you could leave them with less than expected after the Inheritance Tax bill is paid. Proper planning can help you pass on as much as possible to the people you …

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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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Financially Supporting Younger Generations

Financially supporting younger generations

Giving grandchildren financial security is an important goal for many If you are a grandparent, it’s natural to want to help out the family. And if you’re able to give a financial boost – whether it’s a loan or a gift – to the younger generation, it can be enormously rewarding for you too. Even during the current coronavirus (COVID-19) crisis, some grandparents may be enjoying generous final-salary pensions and are also benefiting from the …

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Life is full of uncertainties

Life is full of uncertainties

If the worst were to happen, would your bills still get paid? Everyone should consider protection, even those who don’t have a family or a mortgage! Unless they have substantial savings or inherited wealth, most people rely on their salary to pay for everything. Over the years, you may have taken out a number of different insurance policies to give you and your family financial security. Perhaps this may have been when you started a …

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Wealth uplift

Calculating the value of financial advice Quantifying the value of financial advice has always been a challenge because people who receive financial advice have different characteristics to those who do not. But what if it was now possible to quantify the value of financial advice and isolate a pure ‘advice effect’? This is exactly what the researchers at the International Longevity Centre – UK (ILC) have been able to calculate. What it’s worthThe new research[1], …

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2019 Guide to Wealth Preservation

Preserve and protect the wealth you’ve amassed Welcome to our Guide to Wealth Preservation. Our advice can help you preserve and protect the wealth you’ve amassed through hard work, inheritance or good fortune. Inside our guide, we look at the number of key areas that will enable you to put in place an effective protection planning strategy to preserve and protect your wealth for you and future generations. We understand that peace of mind for …

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Do your numbers add up?

Tax-efficient ways to fund the next generation It’s natural we may want to give younger members of our family a financial start in life. Especially when we hear about some students graduating with eye-watering levels of debt. If you are able to help your children or grandchildren without risking running out of money yourself, it’s important that you do so effectively. The most obvious way is by funding university tuition fees and maintenance costs. By …

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Wealth protection

Planning your legacy Unforeseen life events and circumstances can potentially impact your finances in a number of ways. Believe it or not, you have an estate. In fact, nearly everyone does. Your estate is comprised of everything you own – your car, home, savings accounts, investments, life insurance, furniture, personal possessions – the list goes on. No matter how large or how modest, everyone has an estate and therefore shares something in common – you …

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Wealth sharing between generations

Redefining how millennials become more financially secure Millennials are set to redefine how wealth is shared between generations, according to new research[1]. Contrary to expectation, it is not millennials (aged 18–34) who appear to be under the greatest financial strain, with 44% saying they are ‘comfortable’ financially. In fact, the research shows they are trying to do the right thing. Three quarters (73%) are putting money into savings, and as a generation, they are saving …

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