Category: Financial Planning
Here are some pointers to help you to consider opportunities. Unless otherwise stated, the rates refer to the tax year 2022-2023. Income Tax – The Personal Allowance is £12,570 (it is reduced by £1 for every £2 of ‘adjusted income’ above £100,000) (*) Consider transferring income yielding assets to a spouse or civil partner to… 
Covid-19 has changed the way most financial planners, we included, are able to deliver advice – at least for the time being. At the drop of a hat, the industry has had to embrace years’ worth of technological innovation so that we could continue to provide our services to you during a tumultuous time. The…
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…
Over the last 18 months or so, Covid-19 itself and the ensuing lockdown and travel restrictions have limited our annual holidays especially those abroad, and those slap-up meals, or pub lunches. As a result, households have spent less and have salted away extra cash into their savings. The Bank of England says that £162 billion…
“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…
My career in financial services commenced 50 years ago, and I started our firm 46 years ago. During that time we have worked through, and advised clients throughout, the many vicissitudes that life presented – the 1973 oil crisis; the secondary banking crisis that followed; the stock market crash when our stock market fell 73%….
In the context of the recent news repeating the warning that there could be a raid on pensions (e.g. reductions in the Annual Allowance and/or Lifetime Allowance) in order to help recover the costs of Covid-19, our Focus this month is an important reminder for all those who are members of a pension scheme –…
As I was drafting this month’s Focus, coincidentally I read in today’s edition of Daily Express Money about a ‘pension warning’ highlighting that their research indicated that couples will need an annual income of between £26,000 and £41,000, depending on lifestyles, for a ‘comfortable’ retirement. Many will want to target more. Whatever your target starting…
At the beginning of March, Chancellor Rishi Sunak presented his Budget. His aim: to chart a course out of the economic damage wrought by the pandemic. A year earlier he had said he would do “whatever it takes” to protect jobs and businesses. Twelve months on, with Government borrowing breaking all records, it is clear…
As we proceed into the new tax year, it’s a reminder to check your Tax Code! HMRC published updated codes for this tax year on the 6th April 2021. According to research carried out by Intuit QuickBooks UK in 2019, in the previous year approximately 14.3 million people across the UK paid too much tax…