Blog
Thinking about what happens after we’re gone isn’t fun, but it’s essential, especially for taking care of the people we love. That’s what making a Will is all about. It’s more than just a legal step; it’s how you ensure your stuff – like your house, savings, or other belongings – goes to the people
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Yesterday, the Chancellor unveiled the Autumn Statement, packed with measures to boost the economy. There’s a lot to unpack for those managing finances or working with a financial planner. Let’s dive into the fundamental changes and see how they might affect you. National Insurance Adjustments – Potential Savings for Individuals For Employees: The Class 1
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The shake-up to pensions proposed earlier this year is finally coming to fruition. Starting from April 2024, the Lifetime Allowance (LTA) is being scrapped. That’s the limit on how much you can hold in your pension without facing extra taxes. Instead, we’re getting two new allowances to keep an eye on. These are the lump
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Deciding to exit your business is a significant step in your journey as an entrepreneur. It is crucial to have a carefully planned exit strategy, regardless of the current stage of your business. However, given the multitude of exit options available, it can take time to determine the best course of action. In this context,
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We sometimes receive enquiries from people seeking one-time financial planning without ongoing management. While we are passionate about helping clients plan, we focus on delivering value exceeding our fees. Unfortunately, we have found that one-off engagements don’t align with this goal. Our real value is in continuous planning and review, which is essential for staying
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The traditional approach for most has been to have a mix of growth assets, such as equities (stocks and shares), and defensive assets, such as bonds, within their portfolio. New research is challenging this approach. What does the research say? The research looked at the returns of various assets from 1890 to 2019. It suggests
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At the beginning of last year, things were pretty shaky for the economy and global markets. After a rough 2022 with negative returns, the overall mood among investors wasn’t great. Now that the year is over, let’s see what we can learn from 2023. It is crucial to be patient during times when the markets
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Since the introduction of pension freedoms in 2015, death benefits have become more generous, particularly if the member passes away before age 75. This entailed tax-free benefits and the option to keep the money in a tax-free pension wrapper. What’s changing from April 2024? Last year, draft legislation to remove the Lifetime Allowance (LTA) suggested
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Many analysts are making predictions about the markets and the economy. However, it’s essential to be aware of the limitations of these predictions before making any decisions. The Psychological Urge for Predictability: People tend to rely on market predictions because they prefer certainty over uncertainty. This desire for order and control results from our cognitive
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We have written previously about how it’s become common for employees to exchange part of their salary and/or bonus for increased pension contributions. We previously discussed how this way of saving for retirement may be more attractive than simply contributing as an employee. Attractions of salary sacrifice When an employee pays contributions from their after-tax
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