Prudence of perseverance in investing
Maintaining an investment stance centred on the potential for long-term growth For investors, the perennial question of whether to ‘stick or twist’ with their current investments or pivot towards the perceived safety of cash is fundamental. Numerous factors influence this decision, which plays a pivotal role in the journey towards financial prosperity.
Costs of later-life care
Establishing a thorough wealth strategy is key to ensuring financial readiness The financial implications of care in later life are often underestimated, leaving many unprepared for the substantial costs associated with care homes. Establishing a thorough wealth strategy is key to ensuring financial readiness for long-term care needs.
Changes to Individual Savings Accounts in 2024
Why savers and investors now have a more flexible approach Individual Savings Accounts (ISAs) offer a versatile and tax-efficient way to save for the future, whether for yourself, your children or grandchildren. Now that we have entered the new financial year, on 6 April 2024, significant changes to ISAs have been introduced.
Enhancing pension contributions for a brighter future
New tax year, new you? Maximise your pension savings this new tax year As we embark on the new tax year, it presents an opportune moment to review your pension savings strategy, setting a solid foundation for future financial stability. Early attention to your private pension at the onset of the fiscal year is not […]
Navigating Inheritance Tax
How to pass on assets to the next generation to secure their future for tomorrow Inheritance Tax (IHT) represents a significant consideration for anyone looking to pass on assets to the next generation. As of the 2024/25 tax year, IHT incurs a 40% charge on the portion of an estate exceeding the nil rate band […]
Rising trend of unretirement
14% of those aged over 55 have found themselves re-entering the workforce In recent times, a significant portion of retirees, specifically 14% of those aged over 55, have found themselves re-entering the workforce, driven by the inadequacy of their pensions to meet rising living costs, according to new research[1].
Understanding pension uncertainties
Survey highlights prevailing uncertainty among those on the cusp of retirement A recent study reveals that a considerable proportion of UK adults, including a significant number nearing retirement, find themselves in a quandary regarding their State Pension entitlements and the commencement of their payments[1].
Generational wealth perspectives
Whether through property, pensions or a blend of both, informed decision-making is crucial A recent study suggests that a substantial proportion of Generation Z, born from 1996 to 2010, view property acquisition as their principal avenue to amass wealth for their retirement years [1]. This perspective is slightly more prevalent within this demographic than the […]
Troubling trend amongst UK workers
Prevailing issue of presenteeism highlights a need for a transformation in workplace culture In an era where the lines between work and personal life are increasingly blurred, a new study sheds light on a concerning trend among UK employees. Despite advancements in workplace policies and a growing emphasis on mental health and wellbeing, a significant […]
New pension tax framework
Pivotal shift changes you need to know commenced from 6 April 2024 Beginning on 6 April 2024, a pivotal shift in pension benefit taxation commenced. The Lifetime Allowance (LTA) was replaced by a new structure comprising three distinct allowances: the Lump Sum Allowance (LSA), Lump Sum and Death Benefit Allowance (LSDBA), and Overseas Transfer Allowance […]