Did you know that we lose most of our savings through our heads? That’s right – because we don’t think about how much unnecessary tax we’re paying. Here are some ways to make sure your money is wrapped up tight, to keep out those (over) draughts. Article by Nick Green.
Do you tend to plan your life, or just go with the flow? When it comes to ensuring you’ve got money to spend in retirement, the only way is planning. Whether you’re just starting your career or about to end it, here are the 10 best pension tips to live by.
If you have a health condition or certain lifestyle issues, you may be entitled to more money in retirement. Currently around 1 in 5 who buy an annuity manage to get this ‘enhancement’ – but there’s evidence that three times as many people may qualify. Could you? An insurance company asks you ‘How’s your health?’
If you become unable to manage your own affairs, perhaps through illness, accident or simply old age, who will manage them for you? And will your family even be able to access your money? At any age or stage of life, it’s worth setting up Lasting Power of Attorney. If you forget to make a
Why could our grandparents buy sweets for a ha’penny, but children’s pocket-money is now measured in pounds? It’s all to do with inflation – and your savings, investments and pensions may soon begin to feel the pinch. Article by Armstrong Watson. It’s often said that inflation is the enemy of the investor – and they
You used to be a UK resident but now you live abroad. But your pensions are still in the UK. How do you manage and access the money without incurring lots of additional fees and tax – or worse, being ripped off? Alex Norwood of Montfort International answers your expat pension questions. One of the
Years ago we had the credit crunch – will the savings crunch be next? A double-whammy of low interest rates coupled with inflation could cause your ‘safe’ cash savings to erode. Maybe it’s time to look at some alternative strategies. You know the traditional hierarchy of investments? (Actually, no. I have a life. Ed.) Well,
What to do with your old pension plans? Keep hold of them and hope for the best, or think about rolling them into one? Jaskarn Pawar, Independent Financial Planner, outlines the key points you should check before transferring old pensions into a single new plan. When I meet a new client, I’ll often find that
It’s not just house prices that are rising every year. Also increasing is the number of people whose families will have to pay inheritance tax. Are you being drawn into the net without knowing it – and if you are, what can you do to protect your family from a hefty bill? Most people never
What are the odds of your insurance company actually paying out on your claim? Two-to-one against? Better than that, or worse? A recent survey by Drewberry Insurance reveals that most people’s estimates are way, way off. So what’s the truth?
To mark TaxAction 2016 we tackle the maze of inheritance tax, and explain why it’s one of the biggest reasons to make your wishes legally binding. Is inheritance tax (IHT) still a thing? Yes, very much so. You may have heard the recent rumours of its death, in light of the government announcing a new ‘family
If you end up needing long-term care, the chances are you will have to fund most or even all of it yourself. When the costs can potentially spiral and eat into any inheritance you plan to leave behind, planning in advance is essential. What are your options? Article by Armstrong Watson Financial Planning. According to
Before the EU referendum, many predicted that a vote to leave would depress house price growth and benefit first-time buyers. Now a report by Unbiased reveals the immediate impact of the Brexit vote on mood of the housing market – and the likely winners and losers. Article by Nick Green.