Planning for your wealth preservation and the eventual transfer of that wealth. When you’ve worked hard and invested carefully to build your wealth, you want to look after it. That’s why it’s important to plan for your wealth preservation and the eventual transfer of that wealth. If you’re considering making a gift to someone, there are a few things you need to know about Inheritance Tax. Gifts can be a great way to reduce the amount of Inheritance Tax that

What really important retirement questions should you be asking? As you approach the last five years before your retirement, there will be a lot of things to consider. You’ll need to think about your finances, your health, your housing situation, and your plans for the future to live comfortably in retirement. There will be lots of questions to ask: How much money will I need to have saved? What will my income sources be in retirement? What kind of lifestyle

How to benefit from tax reliefs in the current financial year. As your income increases, the complexity of your finances may too. Tax-efficiency is a key consideration when investing because it can make such an enormous difference to your wealth and quality of life. However, the type of investment and tax-efficiency you should be looking for depends firstly on whether your priority is to save a lump sum for the future, or to draw an income today. There are a

10 practical steps to ensure your money is working hard for you. In these uncertain times, it’s more important than ever to make sure your finances are in order. The Bank of England believes that a painful squeeze on our living standards, driven, primarily, by soaring energy prices, is set to intensify and will push the UK economy into recession later this year.[1] Making your finances recession-proof is all about taking practical steps to ensure your money is working hard

How to invest your money and avoid costly mistakes. It’s not surprising that the world of investing can seem complex, especially in the current global economic climate. Investors face an endless supply of market news, many investment choices and often-changing market conditions. There are a number of key principles that every investor should follow with the aim of building an effective long-term strategy designed to achieve their financial goals. Here’s our rundown of the 10 principles that every investor needs

New research highlights that 81% aren’t seeking financial advice. As more and more people reject the traditional working structure in favour of becoming self-employed, some people could be at risk of financial insecurity as they lose out on employee benefits that offer protection in the present, and financial planning for the future. New research highlights this groups vulnerability to financial shocks and the importance of expert financial advice to open up conversations to ensure that all aspects of protection are

Just two out of five have planned for inflation in retirement. Retirement planning can be complex at the best of times so it is easy to understand how some people can find it daunting to take into account factors like inflation. The reality is that inflation hurts everyone, but it can be especially harmful to retirees. Whether it’s the price of food, fuel, energy or other goods and services that we purchase, inflation is definitely increasing. The current economic climate

3 tips to maintain your financial wellbeing. The rising cost of living is one of the most pressing issues facing many families today. The price of food, energy, fuel and other necessities has risen significantly in recent months. This has made it difficult to make ends meet and has put a strain on many household budgets. Planning for the rising cost of living can be a challenge, especially if your income isn’t keeping up with inflation. As many people feel

More than half ignore medical advice and work despite poor health due to financial worries. When you are off work due to an illness or injury, worries about how you are going to pay your bills can make an already stressful situation worse. So much so, that many people are finding themselves in the very difficult position of having to put the need to earn money over their health by continuing to go to work, even when advised not to

Sixty the most popular age to retire early. There are many factors that can influence when someone decides to retire. For some, it may be based on health reasons, while others may want to take advantage of government benefits or simply enjoy a more relaxed lifestyle. However, one of the most common factors that determines when people choose to retire is their age. So, what is the most popular age to retire early? Sixty is the most popular age to

17% increase in suspicious or scam-related activity. Any of us can fall victim to a scam. Scams are increasingly common and many people are caught out. They can be very distressing, and the impact is often emotional as well as financial. If you’ve been the victim of a scam, remember that you’re not alone. Increasingly, scammers are relying on our psychological biases to trick us into handing over important data, financial information and our money. There are a growing number

The average British child is worth just under £5,000 by the time they reach school. When we talk about the Bank of Mum and Dad, we are effectively talking about handing money over to your children. There are many reasons why your descendants might look to you for financial support, and many routes you could take in funding them, if you so choose. All children, regardless of means, benefit from learning simple concepts like saving to attain goals and operating