Smooth transition of assets to the next generation
When is the opportune time to transfer my wealth? One of the most critical aspects of financial planning and wealth management is arranging for a smooth transition of assets to the next generation. The question that often lingers is, when is the opportune time to transfer wealth – during your lifetime or posthumously?
Financially empowering your grandchildren
How to give them a start in life to carve out their own path There’s a certain nobility in the desire of grandparents to support their progeny and pass wealth down the generations. This process brings several options, each with unique advantages and drawbacks.
Making a Will
Safeguard your intentions and offer a clear guide for allocating your assets Drafting a Will serves as a protective shield for your loved ones after your death, ensuring that your estate is handled precisely the way you wish. A carefully constructed Will safeguards your intentions and offers a clear guide for allocating your assets, thus […]
Lasting Power of Attorney
Giving someone you trust authority to help you make decisions As an individual when our health declines, managing financial affairs and making vital decisions about our healthcare can become increasingly challenging; this is where a Lasting Power of Attorney (LPA) comes into play.
A timely proposition
Considering gilts for your investment portfolio? High-interest rates make gilts an attractive option for some investors, especially higher-rate taxpayers who benefit from the tax exemption from capital gains. What exactly are gilts? These UK government bonds, or debt securities, are issued to finance public expenditure. Their appeal lies in their low-risk nature and guaranteed income.
Taxing times for 2023
A year marked by several tax changes that impacted higher-rate taxpayers As we approach the end of the year, taxpayers should begin assessing their tax obligations. This is not a task to be left to the eleventh hour, especially considering tax changes coming into effect in 2024.
Strategies to minimise retirement tax
Many pensioners may face a lurking tax risk as the State Pension grows Many pensioners may face a potential tax pitfall as the State Pension escalates and Income Tax bands remain fixed.
Decoding auto-enrolment
Good news on the horizon for future retirees For employees, auto-enrolment is a crucial component of everyone’s retirement strategy. Understanding auto-enrolment becomes critical as we increasingly know the need for adequate retirement preparation. Historically, while some companies offered their employees the chance to contribute to a pension fund for retirement preparation, others did not.
A crucial decade: financial planning in your 50s
Maximising your earnings or laying down a robust financial plan As you sail into your 50s, it becomes pivotal to consider your financial strategy. Life has likely found a steady rhythm by now. Children have probably taken flight, becoming financially self-sufficient, and the idea of reducing work hours or even completing retirement starts to surface.
‘Time in the market’, not ‘timing the market’
The allure of quick profits and instant gratification In the investing world, the allure of quick profits and instant gratification often tempt some investors to employ a ‘market timing’ strategy. This method involves buying or selling financial instrument decisions based on predictions of future market price movements. Ironically, numerous studies and historical data have shown […]