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. The appeal of cash, particularly in uncertain times, is…
BRITONS PROCRASTINATE ON MAKING A WILL
RESEARCH IDENTIFIES THAT OVER HALF OF ADULTS DO NOT HAVE A WILL Recent research has uncovered that a staggering 51% of adults in the UK have neither penned a Will nor are they in the process of doing so[1]. This statistic encompasses 13% of individuals affirmatively declaring no future plans to undertake this task. Alarmingly, a significant portion of the…
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 of £325,000, excluding transfers to…
ENHANCING RETIREMENT THROUGH LUMP SUM CONTRIBUTIONS
CONTRIBUTING ADDITIONAL AMOUNTS TO YOUR PENSION STANDS TO BENEFIT YOU SIGNIFICANTLY IN THE LONG TERM Recent research findings have brought to light a striking observation: fewer than 10% of adults in the UK contribute occasional lump sums to their pensions[1]. This statistic is particularly surprising given that such contributions could significantly amplify one’s retirement savings. Analysis reveals that even modest lump sum investments…
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 reliance on pensions, with 33% of…
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. Since April 6, savers and investors have…
PROTECTING YOURSELF FROM INVESTMENT SCAMS
Investment scams are a rising concern, promising potential investors the allure of making a significant amount of money swiftly and effortlessly. These scams often involve minimal to no risk investments in various areas such as financial markets, property, cryptocurrencies, and precious metals and coins. These schemes often masquerade as legitimate investments, with convincing websites, glowing testimonials and persuasive marketing material.…
Navigating through Divorce
SAFEGUARDING YOUR FUTURE FINANCIAL STABILITY AND PRESERVING YOUR WEALTH Entering into marriage isn’t done with the expectation of it ending in divorce, yet this distressing and strenuous event can be a reality for some. Managing finances may not be your immediate concern during such an emotional upheaval. However, obtaining professional financial advice can aid in safeguarding your future financial stability…
Proactive Retirement Planning
A GROWING TREND AMONG MID-LIFERS PRIORITISING THEIR FUTURE FINANCIAL STABILITY A recent study reveals a promising trend among 45- to 54-year-olds in the UK[1]. Six out of ten individuals in this age group are actively working towards bolstering their retirement savings[2]. These mid-lifers are prioritising their future financial stability, implementing changes in their current spending habits to ensure they can support…
THE IMPACT OF DISABILITY ON FINANCIAL PLANNING
REPORT HIGHLIGHTS RETIREMENT SAVINGS MUST BE INCLUSIVE FOR EVERYONE Disability significantly affects the financial planning of nearly a third of disabled individuals. This was the key finding of a report that highlighted the additional financial burdens people with disabilities in society suffer[1]. This emphasises the need to understand better and cater to the diverse needs of disabled and vulnerable individuals…