MANAGING THE MENOPAUSE, A FINANCIAL PERSPECTIVE
OFTEN-OVERLOOKED FINANCIAL IMPLICATIONS DURING THIS TRANSFORMATIVE LIFE STAGE The menopause is a natural phase in a woman’s life, marked by significant physical and mental changes. While much attention is given to the physical and emotional challenges, the financial implications of menopause often remain overlooked. As women navigate this often complex period, it’s crucial to consider how the menopause can affect someone’s financial wellbeing and what…
PLANNING AND PREPARING FOR RETIREMENT GUIDE
Why reaching our 50s and 60s often brings retirement into sharper focus. Welcome to our Guide to Planning and Preparing for Retirement. As we navigate life, reaching our 50s and 60s often brings retirement into sharper focus. This phase heralds a well-earned respite from years of dedication and hard work. For many, retirement is envisioned as the most extended holiday of their…
A SAFETY NET FOR UNCERTAIN TIMES
HOW WOULD YOU PAY YOUR BILLS IF YOU COULDN’T WORK? In today’s unpredictable world, safeguarding financial stability is more crucial than ever. Many of us would struggle to keep up with our essential outgoings, such as mortgage and rent, if we lost an income due to illness or an accident. Whether you’re employed or self-employed, income protection is a long-term insurance policy designed to…
MAXIMISING RETURNS
THE POWER OF REINVESTING DIVIDENDS FOR LONG-TERM GROWTH Dividends represent the portion of a company’s profits distributed to its shareholders. When you own shares in a company that declares a dividend, you receive a share of those profits. Dividends are pivotal in enhancing long-term stock market returns, offering a reliable income stream that can help mitigate short-term stock price volatility. Although often underestimated,…
UNLOCKING HOMEOWNERSHIP
GENEROUS PARENTS AND GRANDPARENTS ARE TURNING TO THEIR PROPERTY WEALTH As the housing market becomes increasingly competitive, family contributions are crucial in helping younger buyers secure their dream homes. Recent research highlights that generous parents and grandparents are turning to their property wealth to offer this vital support. Often dubbed the ‘Bank of Family’, it is anticipated to be pivotal in 42% of…
HAVE YOU HAD A RETIREMENT CONVERSATION?
MANY PEOPLE DO NOT ENGAGE IN CRUCIAL CONVERSATIONS REGARDING THE LIFESTYLE THEY ENVISION As we approach one of life’s most significant transitions – retirement – many people do not engage in crucial conversations about the lifestyle they envision or assess whether they’re on track to achieve it. Recent research highlights that half of those aged 55 and over have not discussed their desired retirement…
HOW DOES PENSION CONSOLIDATION WORK?
PENSIONS CAN BE CONFUSING, BUT THERE IS AN ALTERNATIVE WAY TO HELP KEEP ON TOP OF THEM In today’s fast-paced world, many individuals have multiple pension plans collected over their working life. Whether through changes in employment or setting up personal pensions as a self-employed professional or contractor, managing these pensions can become challenging. Not only does this involve significant administrative effort, but…
Autumn Budget 2024 Update
The Chancellor of the Exchequer, Rachel Reeves, delivered her maiden Autumn Budget Statement 2024 on Wednesday 30 October, alongside an updated economic forecast from the Office for Budget Responsibility. Three months after coming to power, she set out the government’s taxing, borrowing and spending plans. It is the first time the Labour party has had a chance to do this…
WAYS TO REDUCE A CAPITAL GAINS TAX LIABILITY
How will you ensure more of your money will go towards your future? From using your annual exemption to saving in an Individual Savings Account (ISA), we look at ways to reduce a Capital Gains Tax (CGT) liability potentially. Cuts to the CGT exemption mean that arranging your investments as tax-efficiently as possible is more important than ever. The CGT…
FINANCIAL PLANNING CONVERSATIONS YOU NEED TO HAVE
PROTECTING YOUR LEGACY AND BOOSTING YOUR CHILDREN’S FINANCIAL SECURITY Discussing finances can evoke anxiety or discomfort, and this tension doesn’t ease when family members are involved. Nevertheless, parents of adult children are responsible for discussing their financial future -particularly retirement and estate planning. Doing so ensures their children can provide support or fulfil their wishes as needed. Open conversations can…