With the furlough scheme winding down (and finishing at the end of October) and with an increasing number of redundancies being announced, the Bank of Mum and Dad is being asked to step in on a more frequent basis to help their adult children with their financial commitments. Parents are increasingly seeing their children’s debt…

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When we think about what we will leave behind when we die, the majority of us take an approach that gives little regard to the vast amount of ‘digital assets’ that we hold. We write wills, take out life insurance policies, plan our funerals and arrange to leave money/assets to those that we care about.…

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We came across a nice analogy recently, which referred to the stock market being like someone playing with a yo-yo whilst riding the up escalator. In this situation, what matters most is the importance of focusing on the escalator and not the yo-yo. To continue the analogy, you do of course need to know that…

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As UK lockdown measures are still in force, and you may  find yourself with some available downtime during this period, it may be a worthwhile exercise to put your basic wealth planning “house in order” with the help of the simple checklist below. The list is not extensive and not all will be relevant to…

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Pound coins

Key Points for Savers & Investors Income tax Personal Allowance remains unchanged at £12,500. The threshold above which higher earners start paying 40% tax is also unchanged at £50,000. They are due to increase in line with Consumer Price Index (CPI) in future years. Pension changes Standard lifetime allowance The standard lifetime allowance for pensions…

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Harold Wilson once stated that ‘a week is a long time in politics’, and this has been highlighted clearly recently. The first draft of this article is now in the bin, as it discussed the thoughts and expectations of the first ever Budget delivered by the Chancellor, Sajid Javid, promising an ‘infrastructure revolution’. However, after…

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With the Budget due on 11th March and the UK having a majority Government for the first time in many years, people are starting to look at some of the anomalies in the tax system and wondering if now is a time when things may change. Whilst most people accept that paying tax is a…

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Pension Freedoms have now been with us since 2015 although it’s only more recently that many people are starting to recognise that the modern Personal Pension plan can probably describe itself as one of the most tax efficient and flexible investment plans ever! Before 2015, the traditional Personal Pension had strict requirements as to how…

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