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Wealth Management

The future of defined benefit pensions: Is there one?

Defined Benefit (DB) pension schemes have long been a cornerstone of retirement planning in the UK, offering retirees a guaranteed income based on their salary and years of service. However, the sustainability of these schemes is under scrutiny due to evolving regulatory landscapes and financial pressures. Challenges ahead for DB pensions Recent discussions by MPs […]

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Long-Term Asset Funds (LTAFs) – What are they and how can you use them

Introduced in November 2021, Long-Term Asset Funds (LTAFs) are a relatively new category of UK-authorised and regulated open-ended fund vehicles. They are specifically designed to facilitate investments in long-term, less liquid assets while offering access to retail investors. This integration is achieved by aligning the liquidity of the asset with the frequency of redemptions, underpinned […]

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Enhancing your pension – The strategic use of tax relief

The recent surge in pension tax relief, exceeding £50 billion for the first time, marks a significant opportunity for savers to enhance their retirement funds. This £14 billion increase over five years highlights the importance of strategic pension contributions and the effective use of tax reliefs. Boosting contributions In the 2022-23 tax year, taxpayers received […]

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Brace for impact! The state pension age may rise again

The Centre for Social Justice (CSJ) has recently proposed a significant change to the UK’s pension landscape. They suggest that the state pension age should rise to 75 by 2035, up from the current age of 66. This proposal comes amid concerns about the UK’s ageing population and the increasing Old Age Dependency Ratio (OADR), […]

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A quick guide to safeguarding your wealth from inflation

The current financial landscape presents a conundrum for those looking to safeguard and grow their personal wealth. Despite interest rates reaching their highest levels since 2007, the value of cash savings in the UK has been eroded by inflation. As of July 2023, the nation’s cash savings have dipped to £1.95 trillion, a £5 billion […]

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How can the Marriage Allowance save you money?

There are many financial and legal benefits to being married or in a civil partnership, but one of the most overlooked reasons is the potential for tax relief. This is because, thanks to the Marriage Allowance, where one partner earns below the tax threshold, they can transfer a portion of their personal allowance to the […]

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