11 Sep 2024
Tax wrappers are financial tools designed to help individuals shelter their investments from certain taxes, ultimately maximising their wealth. If you use tax wrappers, you can potentially reduce or eliminate tax liabilities, allowing your investments to grow more efficiently over time. There are a few options for this, each with their own advantages and drawbacks. […]
Read more...11 Sep 2024
An asset allocation strategy involves deciding how to distribute investments across asset classes like equities, bonds, and cash. Your choice of strategy significantly impacts potential returns and risks. Strategic asset allocation Strategic asset allocation involves setting a target allocation for each asset class based on financial goals and risk tolerance, with periodic rebalancing to maintain […]
Read more...11 Sep 2024
A Junior Individual Savings Account (JISA) is a tax-efficient savings or investment account opened by a parent or guardian for a child under the age of 18. These accounts allow savings to grow free from Income Tax and Capital Gains Tax and can be a great way of developing a cushion for future expenses. You […]
Read more...20 Aug 2024
June saw a continued surge in the popularity of cash Individual Savings Accounts (ISAs) as savers deposited a staggering £3.4 billion into these tax-free accounts, according to the latest data from the Bank of England. This uptick in interest follows a record-breaking £4.2 billion funnelled into ISAs in May – the highest for the month […]
Read more...20 Aug 2024
With an increasing focus on Inheritance Tax (IHT) and upcoming changes to the rules around trusts, wealthy families are exploring new methods of investing and protecting their assets. One increasingly popular method for achieving this is through the foundation of a Family Investment Company (FIC). What is a Family Investment Company? A Family Investment Company […]
Read more...20 Aug 2024
It would be great if every one of us could live entirely risk and accident-free lives, alas that is not often the case, which is why various forms of life and incapacity insurance are critical to any wealth plan. Every one of us should consider the substantial risks associated with being underprepared for unexpected life […]
Read more...2 Jul 2024
Over 200,000 pensioners – mostly women – are expected to receive letters from HM Revenue & Customs (HMRC) informing them that they are entitled to a payment of £5,000. The payments are due following errors made by the Department for Work and Pensions (DWP) resulting in underpayments to state pensions. Those mainly impacted by the […]
Read more...2 Jul 2024
Recent surveys indicate a mounting concern among British citizens regarding their retirement savings. As the cost-of-living crisis continues and the economy stays unpredictable, many people are worried they won’t have enough money to retire comfortably. The latest research from Wealth at Work revealed that 39 per cent of employees think they will never be able […]
Read more...2 Jul 2024
The Bank of England has once again voted to keep interest rates at 5.25 per cent – a 16-year high. However, the minutes from the Bank’s most recent rate-setting committee suggest that they are looking to cut interest rates this August. If true, this would be the first drop in borrowing costs for more than […]
Read more...18 Jun 2024
According to an Office for National Statistics (ONS) survey from May 2024, 55 per cent of adults across Great Britain reported an increase in their cost of living compared to April. The data showed that 42 per cent of people said their cost of living had remained the same, and the other three per cent […]
Read more...18 Jun 2024
Recent research from MetLife UK has revealed that over half (52 per cent) of working parents have no form of financial protection. This means should they find themselves needing to take time off work to look after their unwell child they will have no additional financial support. The data highlighted that of the individuals without […]
Read more...18 Jun 2024
The UK’s consumer confidence grew again in May, with people continuing to see a brighter future for their finances. This is according to the Consumer Confidence Index from researchers GfK. They saw a two-point increase from April to May regarding people’s feelings about their economic situation. The Consumer Confidence Index provides insight into how UK […]
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