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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…
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November Focus – State Pension’s and NIC’s

In this month’s Focus we are taking the opportunity to … err … Focus … on why you should check your National Insurance Contribution situation and State Pension entitlement and, if eligible, consider topping up your NICs. We also suggest you do this before next April. First because you can usually only go back six…
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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…
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September Focus – Your Payslip Tax Code explained

According to recent research(1), approximately 14.3 million people across the UK (44% of employees – 7% in the last year alone) have paid too much tax as a result of being on the wrong tax code. HMRC sometimes makes errors (allegedly 2.8 million times last year) with deductions, or other elements of their calculation such…
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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…
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July Focus – Pension schemes key areas

Our Focus this month is an important reminder for all those who are members of a pension scheme – whether a personal pension plan or a company defined benefit scheme. Below, we focus on several key areas. Annual Allowance Your Annual Allowance is based on your earnings and other income and is currently capped at…
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March Focus – Tax Year End Planning

In early Roman times, March was the first month in their calendar. Martius, as they called it, was named after Mars the Roman god of war because this month signalled that winter was coming to an end and, with the warmer weather on its way, it was time to prepare for the season of warfare…
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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…
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September Focus – Retirement Savings

The Bank of Mum and Dad is a well-known concept and we all hate to see our children struggle financially, which is why many parents continue to support their children well into adulthood. The type of financial assistance given can take various forms, such as money towards a house deposit or a loan for a…
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August Focus – Undeclared Offshore Tax Liabilities?

HMRC have issued updated guidance on the Requirement to Correct (RTC) legislation. The purpose of the RTC legislation is to require those with undeclared offshore tax liabilities (Income Tax, Capital Gains Tax or Inheritance Tax for the relevant periods) to disclose those liabilities to HMRC on or before the 30th September 2018. The legislation sets…
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