There’s a certain nobility in the desire of grandparents to support their progeny and pass wealth down the generations. This process brings several options, each with unique advantages and drawbacks.
Continue reading “Financially empowering your grandchildren”
Drafting a Will serves as a protective shield for your loved ones after your death, ensuring that your estate is handled precisely the way you wish. A carefully constructed Will safeguards your intentions and offers a clear guide for allocating your assets, thus mitigating potential disagreements or misunderstandings among your beneficiaries.
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As an individual when our health declines, managing financial affairs and making vital decisions about our healthcare can become increasingly challenging; this is where a Lasting Power of Attorney (LPA) comes into play.
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High-interest rates make gilts an attractive option for some investors, especially higher-rate taxpayers who benefit from the tax exemption from capital gains. What exactly are gilts? These UK government bonds, or debt securities, are issued to finance public expenditure. Their appeal lies in their low-risk nature and guaranteed income.
Continue reading “A timely proposition”
As we approach the end of the year, taxpayers should begin assessing their tax obligations. This is not a task to be left to the eleventh hour, especially considering tax changes coming into effect in 2024.
Continue reading “Taxing times for 2023”
Many pensioners may face a potential tax pitfall as the State Pension escalates and Income Tax bands remain fixed.
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For employees, auto-enrolment is a crucial component of everyone’s retirement strategy. Understanding auto-enrolment becomes critical as we increasingly know the need for adequate retirement preparation. Historically, while some companies offered their employees the chance to contribute to a pension fund for retirement preparation, others did not.
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As you sail into your 50s, it becomes pivotal to consider your financial strategy. Life has likely found a steady rhythm by now. Children have probably taken flight, becoming financially self-sufficient, and the idea of reducing work hours or even completing retirement starts to surface.
Continue reading “A crucial decade: financial planning in your 50s”
In the investing world, the allure of quick profits and instant gratification often tempt some investors to employ a ‘market timing’ strategy. This method involves buying or selling financial instrument decisions based on predictions of future market price movements. Ironically, numerous studies and historical data have shown that this approach often leads to sub-optimal returns.
Continue reading “‘Time in the market’, not ‘timing the market’”
Choosing the right educational path for your children is one of the most significant decisions you will make as a parent. Among the many considerations, private schooling often emerges as an option due to its perceived benefits, such as smaller class sizes, specialised programs, and personalised attention.
Continue reading “High costs of private education”