Category: Financial Planning

How financial planning can help you strike a better work-life balance

04.08.2021
Financial planning is about much more than simply growing your wealth. Not only can it reduce financial worry, but it can help you achieve long-term goals, reduce stress levels, and increase your mental wellbeing. Perhaps you feel like you don’t have enough time to spend with those you love? Or maybe you’re striving for early retirement but you’re not sure how to get there? Financial planning exists to guide you through these issues with...
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5 excuses for not seeking financial advice, and why they’re wrong

30.06.2021
Millions of people are missing out on financial advice that could help them reach their goals because of misconceptions, research finds. Speaking to a financial planner can help you organise your finances, understand the impact of your decisions, and make sure you’re on track to reach future goals. According to Royal London, 9.4 million people in the UK choose not to look for a financial adviser despite being open to the idea of advice. While...
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4 things parents can do to help children secure a mortgage and financial security

The route to homeownership is filled with challenges and securing a mortgage is becoming increasingly difficult for aspiring first-time buyers. As a parent, you may want to provide support and there are several different options to consider. House prices have been growing at a pace that outstrips wage growth. According to the Halifax House Price Index, in April 2021, the average house price was £258,204. This followed an 8.2% increase in just a...
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5 financial steps new parents should take to protect their family

25.05.2021
In the first nine months of 2020, there were 464,437 new babies welcomed across the UK, according to the Office for National Statistics. That’s more than one baby every minute! If you’re among these new parents, or know someone that is, you’ll know that there’s a lot to do – including taking some financial steps to protect your family. 1. Review your budget With a new baby, your day-to-day outgoings will change, so it’s worth reviewing...
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Why planning for the 2021/22 tax year now is a fantastic idea

09.03.2021
The 2020/21 tax year hasn’t even finished yet, but it’s the perfect time to start thinking about the next 12 months. While this time of the year is often associated with using up allowances before the deadline, getting a head start on 2021/22 can be just as beneficial. The new tax year starts on April 6, with the weeks before the deadline often associated with making financial decisions to use up allowances. From moving money into an ISA, to...
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Lasting Power of Attorney: Why is it something we put off?

Naming a Lasting Power of Attorney is something that we should all do. It’s something that can provide us with security if we’re unable to make decisions. While it’s often something that’s associated with being elderly, it’s just as important for younger generations to take this step too. A Power of Attorney gives someone you trust the power to make decisions on your behalf if you’re unable to. When you think about situations in which...
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The pension basics everyone needs to know

Most workers are now paying into a pension. But research shows that there is a worrying lack of understanding about how pensions work and why they’re a good option for saving for retirement. According to Royal London, seven in ten people admit they have little or no knowledge about pensions. Understanding your pension while you contribute can help you get the most out of it and ensure that you understand what it means for your retirement. If...
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Talk Money Week: The benefit of family financial planning

04.11.2020
Each November, Talk Money Week takes place. It aims to get the nation talking about managing money, from discussing pocket money with children to chatting about pensions. Money can be a taboo subject, even among families. But talking openly about money, financial goals and aspirations can help different generations make better decisions. Making talking about money part of your normal family routine beyond the awareness week can have far-reaching...
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