Articles

Category: Financial Planning

Article Archive

December Focus – It wasn’t raining when Noah built the Ark! ..plan ahead

You and I know that life is not all plain sailing but, as far as financial planning is concerned, if you plan ahead you can maximise your resources for your future income and capital needs and for those of your family – and reduce the risks while on life’s journey. We call it Lifetime Financial…
read more

Article Archive

October Focus – Planning to save Tax

“Planning” is the process of deciding in detail how to do something before you actually start to do it – it’s sensible and it fits a calendar! It’s what we do! Failing to plan where financial planning is possible, is the process of witnessing opportunities disappear through the perforations of our financial life – it…
read more

Article Archive

August Focus – Reducing risks of wills being contested

Research by Direct Line(see 1) suggests that over 12.6 million people (about 24%) would contest a will if they were unhappy with it – and incidences of wills being contested are growing in number. But we can take steps to reduce the risk of that happening to our own will. A first step that may…
read more

Article Archive

June Focus – Tax Rules and Financial Gifts

You will have read in the first item in our Techie Stuff section (oh yes you have … you know you have!) about HMRC’s concerns about taxpayers making gifts without appreciating that rules exist about how, when gifts are made, there may be Inheritance Tax consequences. But HMRC are not the only ones to have…
read more

Article Archive

May Focus – Personal Financial Planning

We all remember the refrain from our childhood about gathering nuts in May. But aren’t nuts gathered in the autumn? You will know that that phrase about nuts is actually a corruption of ‘gathering knots of may’. The ‘knots of may’ being the hawthorn blossom we see at this time of year. I am being…
read more

Article Archive

April Focus – A Tax Special

Income Tax – The personal allowance is reduced by £1 for every £2 of income above £100,000 * Consider transferring income yielding assets to a spouse or civil partner to maximise your allowances. Capital Gains Tax – The annual exemption for 2019/20 is £12,000 * Married couples and civil partners can consider transferring assets to…
read more

Article Archive

February Focus – Income and Capital needs

Whenever we are in market conditions such as those affected by Brexit, it is sensible to review the balance of our investment portfolios – and to assess our income and capital needs over the next few years. For example, looking at asset allocations, many balanced portfolios contain holdings in property funds when appropriate. While such…
read more

Article Archive

January Focus – New Year Financial Planning

The Romans dedicated January to their god Janus – god of Endings, Transitions, and new Beginnings. He is depicted with two faces since he looks back to learn from the past and the year that has just ended (Endings) and, having taken stock (Transitions), he looks forward to the next year (new Beginnings). We would…
read more

Article Archive

November Focus – Planning for retirement income

In the UK, we are faced with the challenge of an ageing population. Many of us will live longer than we might have expected. Already, 2.4% of the population is aged over 85. Because of improvements in healthcare and nutrition, this figure only looks set to rise. The Office of National Statistics currently estimates that…
read more

Article Archive

May Focus – Financial Advantages of Marriages and Civil Partnerships

With the Royal Wedding only a few days away, we want to enter into the spirit of this wonderful event and, in doing so, are prompted to reflect on the financial advantages (well, we would wouldn’t we!) of saying ‘I do’ … A marriage or civil partnership can be a beautiful union of minds and…
read more