How a life insurance could protect your estate from IHT
Following the announcement that from April 2027, pensions will be included in the value of an estate for IHT purposes, many are now looking to protect their estate from a possible double or even triple tax charge. One way to do this is to use life insurance, funded by pension income, to create a lump […]
Savings Tips for High Earners
To protect your wealth and reduce your tax liability by effectively reducing your salary, you can take advantage of several savings and allowances. Read on to find out what these are.
Embrace Your Financial Wellbeing
If you are just starting out with your finances, there are many steps you can take on your own to build a solid foundation for your finances. Here are our handy hints for setting yourself up for success.
Practical Planning Ahead of Tax Year End
Each tax year, you have a set of reliefs and allowances you can take advantage of, helping make your money work harder for you.
IHT Tips for Married And Civil Partnership Couple
Inheritance tax (IHT) was once regarded as a tax that only affected the very wealthy.; however, rising property prices and a freeze on allowances mean many more people are facing a tax charge upon death.
Everyone’s circumstances are different and it is important that even if you don’t consider yourself particularly wealthy, you take proper tax and financial planning advice.
IHT planning for cohabiting couples
When it comes to relationships and money, where you sit on the marriage spectrum can matter. This is because some tax rules (such as on inheritance) permit married and civil partners to transfer assets and allowances to each other tax-free, but currently don’t give the same protections if you live together or otherwise share a life unmarried.
Careful planning is the key. We analyse the main rules and what you should know.
Life stages: Menopause and your money
For many, menopause is a time of life when career, life and financial demands are at their peak, yet suddenly, physical and mental performance levels drop. The pressure to carry on with the usual load can become overwhelming, and yet, taking a step back might seem an impossible luxury. This is a key time when being in good financial shape can make all the difference for you, your business, and those who count on you.
The benefits of financial planning
A personal financial plan can help make your financial dreams a reality. By defining goals and setting clear objectives on how to meet these, your financial plan will give you confidence that you are on track and, if the unexpected were to happen, you are prepared.
The importance of long-term investing
Challenging market environments can create situations which can lead to some biased decision making. Recognising this will prevent investors from making decisions that could negatively impact their long-term investment performance.
What is fiscal drag?
Simply put, it is the effect that the freeze on income tax rates and bands has on real earnings. When tax bands or tax allowances do not rise along with inflation or the cost of living, you may find that you inadvertently pay more income tax.