01493 604646       info@dokanefinancialservices.co.uk      




FINANCIAL NEWS




Author: admin

Supporting your grandchildren financially

Providing a financial head start and paving the way for a more secure future

Gifting money to your grandchildren is more than a mere act of kindness or generosity. It offers them a potential financial head start and paves the way for a more secure future as independent adults. Beyond supporting their personal growth and stability, it can also act as an effective strategy to reduce your estate’s potential Inheritance Tax (IHT) liability, enabling more of your wealth to benefit your family rather than being lost to taxation.
Continue reading “Supporting your grandchildren financially”

How realistic is your vision for retirement?

Deciding when to retire and being financially ready to sustain that dream are two very different things

For many of us, retirement is more than just the end of long workdays – it’s the start of an exciting new chapter. It’s a time to finally concentrate on what truly brings us joy, whether that’s travelling, spending quality time with loved ones, pursuing hobbies or simply relishing the freedom to set our own pace. Perhaps you’ve even imagined the day you’ll step away from work and move into this new phase of life. You might already have a specific age in mind, eagerly counting down the years.
Continue reading “How realistic is your vision for retirement?”

Are your capital gains causing you a financial headache?

Without a clear strategy, you might end up paying more tax than NECESSARY things

Navigating Capital Gains Tax (CGT) can be complicated and daunting, especially with ongoing changes to exemptions, thresholds and regulations. Understanding the details of CGT is vital, as it directly affects how much tax you owe when disposing of investments such as property, shares or other valuable assets. Without a clear strategy, you might end up paying more than necessary, leaving less of your hard-earned money in your pocket.
Continue reading “Are your capital gains causing you a financial headache?”

Do you fall into the 60% tax trap?

Making additional pension contributions could mean lowering your effective tax rate

For many earners in England, Wales or Northern Ireland, the highest Income Tax rate is 45%. However, while 45% is the highest ‘official’ rate, some individuals effectively pay a tax rate of 60% on part of their income. This phenomenon, commonly called the ‘60% tax trap,’ affects those earning over £100,000 and applies to their income between £100,000 and £125,140.
Continue reading “Do you fall into the 60% tax trap?”

Growing your wealth

Reinvesting dividends can significantly boost your investment returns over the long haul

When most people think of dividends, they associate them with generating regular income. However, dividends offer much more than that – they can be a valuable ally in growing your wealth over time. The strategy of reinvesting dividends, where you use the cash payout to buy additional shares rather than taking it as income, can significantly boost your investment returns over the long haul.
Continue reading “Growing your wealth”

Creating a robust estate plan

Why having a plan in place offers peace of mind

Estate planning is often misunderstood as a concern only for the affluent. However, the reality is that managing your assets and final wishes is something everyone should contemplate, irrespective of their financial situation. A robust estate plan acts as a financial safeguard, ensuring your family’s wellbeing after your passing while also facilitating the smooth handling of your affairs.
Continue reading “Creating a robust estate plan”

Tools to safeguard your financial and personal legacy

Taking the first proactive step towards protecting what matters most

Estate planning is an essential process that enables you to maintain control of your assets, express your wishes clearly and alleviate the burden on your loved ones during challenging times. It equips you with the means to protect your financial and personal legacy, ensuring your family is well taken care of and your wishes are honoured.
Continue reading “Tools to safeguard your financial and personal legacy”

Role of debt in estate planning

Avoiding unnecessary complications for your loved ones

One of the initial steps in estate planning is to evaluate your financial liabilities. It is crucial to recognise that debts do not vanish upon death; they must be settled from your estate. Maintaining a thorough and accurate record of your outstanding obligations enables the executor of your Last Will to manage your estate efficiently, thereby avoiding unnecessary complications for your loved ones.
Continue reading “Role of debt in estate planning”

Proactive approach to managing family wealth

Legally reduce the portion of your assets lost to taxation

Organising your affairs for when the inevitable occurs can provide significant peace of mind as you age. A proactive approach to managing family wealth, particularly in minimising exposure to Inheritance Tax, is essential for safeguarding your legacy. Without adequate planning, families may encounter substantial financial burdens, but various strategies exist to legally reduce or even eliminate this tax.
Continue reading “Proactive approach to managing family wealth”

Contact us

D O'Kane Financial Services Ltd
137 High Street
Gorleston, Great Yarmouth
Norfolk NR31 6QX

t: 01493 604646
e: info@dokanefinancialservices.co.uk

Regulatory information

D O'Kane Financial Services Limited is authorised and regulated by the Financial Conduct Authority. FCA financial services reg no. 623871.

The Financial Ombudsman Service (FOS) is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on their website at www.financial-ombudsman.org.uk.

Registered Office Address: 137 High Street, Gorleston, Great Yarmouth, Norfolk NR31 6QX. Company Registration Number: 08932631.

© 2022 D O'Kane Financial Services Ltd. All rights reserved.

PRIVACY POLICY | DISCLAIMER | COOKIE POLICY