Blog
With tax reliefs and allowances constantly changing, it is essential to ensure that you are taking full advantage of them. High inflation, freezes on allowances and tax bands, and cuts to CGT and dividend allowances mean you could be feeling the pinch more than ever. You can find our complete guide here, but here are
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Do you worry about how to pass on your wealth to your loved ones without having to pay a lot of taxes? If so, pensions can be a good way to tax-efficiently leave wealth to your family. Inheritance Tax (IHT) is a tax that affects around 1 in 20 estates, and more people will need
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Starting from 6 April 2023, the rules for filling in gaps in your National Insurance contributions (NICs) record, which affects the amount of state pension you can receive, will change. You need at least ten years of NICs to receive any state pension and 35 years to get the full amount. People can fill gaps in
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In 2019, the Pensions and Lifetime Savings Association (PLSA) developed new guidelines to help people figure out how much money they need each year when they retire. Instead of just looking at a certain percentage of what people made before they retired, these guidelines consider how much money people need after they retire, based on
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If you’re considering working with a financial planner, it’s important to ask the right questions to ensure that you find someone who can help you achieve your financial goals. Here are a few key questions to ask when interviewing a financial planner in the UK: What do you do? You’re looking for a concise explanation
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A global financial literacy survey indicates that around a third of the UK needs help understanding the most basic financial concepts. There are many potential benefits of financial literacy. People with strong financial skills do a better job planning and saving for retirement. [1][2] Financially savvy investors are more likely to spread their risk and
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One of the most common questions clients ask is, “how will I know when I have enough money?” What does looking at this involve? There are several ways to determine whether you have enough money. One approach is to consider your current and future financial goals and compare them to your current income and savings.
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As you plan for your financial future, you may wonder whether it’s worth working with a financial advisor or tackling your finances on your own. While there are pros and cons to both, the decision ultimately depends on you. What are the advantages of working with a financial advisor? One of the main advantages of
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If you want to invest, a top priority is determining how much risk to take. Risk might sound scary, especially if you’re not a risk-taker elsewhere. More risk can mean higher returns when investing, but nothing is guaranteed. Is having too much in equities a bad idea? The chart below looks at the probability of
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On 17 November, the fourth chancellor of the year delivered his Autumn Statement. Jeremy Hunt aimed to use the Autumn Statement to calm markets and reset public finances. Much of what was stated had been expected. Once again, there was a focus on so-called stealth taxes. These came either through the further freezing of allowances,
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