Insights

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…

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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…

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RESEARCH HIGHLIGHTS THE GENDER DISPARITY IN FINANCIAL ENGAGEMENT A recent study has identified an alarming discrepancy in financial confidence between genders. It shows that women are 33% more likely to confess to a lack of understanding about their pension operations[1]. This gap in comprehension could be a potential reason why some women seem less inclined to engage with pivotal financial…

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THE POWER OF SMALL CHANGES CAN LEAD TO A PATH TO SIGNIFICANT RETURNS The dream of early retirement is alive and well among the younger generation. Still, to realise this dream, they must prepare to bolster their pension savings by an estimated 15%. A recent study has revealed that approximately one-fifth (17%) of youthful savers aged between 22 and 32…

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On Wednesday, 6 March, Jeremy Hunt, the Chancellor of the Exchequer, addressed the Commons to deliver the Spring Budget 2024. The Chancellor made a significant announcement, revealing a further 2p cut in Class 1 National Insurance Contributions (NICs). He said this move is part of his strategy to support families through ‘permanent cuts in taxation’, demonstrating a commitment to long-term…

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Planning strategies to consider before 5 April 2024 Welcome to our Guide to Year-End Tax Planning. Have you recently evaluated your personal tax situation? Is your tax structure optimised for efficiency? As we approach the end of the tax year on 5 April 2024, it presents an ideal opportunity to assess and leverage the various allowances and reliefs available to…

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A tax-efficient, flexible method for future planning. Investing in an Individual Savings Account (ISA) is a tax-efficient, flexible method for future planning. One of the most attractive features of an ISA is its tax benefits – it’s immune to both Income Tax and Capital Gains Tax on any growth within the fund or on income you withdraw. This makes contributing…

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Curating a plan for the tax-efficient allocation of your assets Regardless of the extent of your accumulated wealth, estate management is vital. This process entails curating a plan for the tax-efficient allocation of your assets in the event of your demise or incapacitation. This subject isn’t exclusive to the affluent. With escalating property values and intricate family scenarios, Inheritance Tax is…

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10 fundamental principles every investor should adhere to Investing in today’s global geopolitical economic climate can appear daunting due to the constant flood of market news, many investment options and continuously fluctuating market conditions. However, there exist several fundamental principles that every investor should adhere to. These principles aim at building an effective long-term strategy to meet your financial aspirations.…

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Shaping your future financial security and independence We make countless choices on our unique journeys through life that shape our future financial security and independence. Some of our most significant decisions involve finances – planning for early retirement, purchasing a property or saving for your child’s education. These financial goals represent our personal priorities and targets for spending, saving and investing…

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