Hurting From Home
IS THE ‘NEW NORMAL’ HAVING AN ADVERSE EFFECT ON YOUR HEALTH? More than half of office workers believe their employer should do more to help them work from home during the coronavirus (COVID-19) crisis. This has lead to millions of Britons suffering from pain as a result of their makeshift home offices. Of people being advised to work from […]
Family Finances
TRADITIONAL SPENDING AND SAVING HABITS HAVE BEEN TURNED UPSIDE DOWN Household finances, including spending and saving patterns, have deteriorated drastically since the coronavirus (COVID-19) lockdown, despite unprecedented Government support. Traditional habits have been turned upside down, and household budgets that guided our incomings and outgoings before the pandemic are no longer valid. Analysis of consumer […]
Freeing Up Extra Money
HOME IS WHERE THE HEART AND TAX-FREE WEALTH IS! Preferring to remain in their own homes for as long as possible is, for many people, increasingly becoming an important part of how they view older age. There may be several reasons for this: to keep the family home, stay close to friends or remain in […]
Mind The Knowledge Gap
SOME PEOPLE STILL STRUGGLE TO MAKE INFORMED RETIREMENT DECISIONS The decisions made at retirement are big ones and have long-term consequences. Many spend years accumulating a large amount of money in pensions and other savings, but really don’t know what that might mean, how much income they can reasonably expect to receive and how best […]
Coronavirus pension scams
Fraudsters exploiting the coronavirus to prey on anxiety and fear of saver The three main regulatory bodies have joined forces to issue a statement urging investors to remain calm and avoid making ‘rushed’ financial decision in response to the coronavirus (COVID-19) crisis The Pensions Regulator (TPR), the Financial Conduct Authority (FCA) and the Money […]
Reviewing your investment needs
Determining your reasons for investing now will help you work out your investment goals and influence how you manage your investments in future. Decide on how long you can invest If you’re investing with a goal in mind, you’ve probably got a date in mindtoo. If you’ve got a few goals, some may be further […]
Early action avoids Inheritance Tax (IHT) after pension transfer
A recent court ruling means the taxman has precedence to apply an IHT charge to a pension transfer made due to illness, so it is vital to act as early as possible. THE CASE Tracy, 61, divorced Peter, 63, in January 2014. In 2016 she found out she had an incurable disease and […]
Product Insight: Investment Bond
One helpful feature of the taxation of investment bonds is the ability for the client to take partial withdrawals each year of up to 5% of the amount invested, for at least 20 years, without triggering an immediate tax liability. Used properly, this facility can give access to regular or one-off payments with minimum admin, […]
