Category: News

Six things to check before you apply for a mortgage

06.06.2019

Applying for a mortgage can be a daunting prospect, whether you’re buying your first home, looking to take a step up the ladder or remortgage. With so much hinging on being approved for a mortgage, it makes sense to improve your prospects as much as possible beforehand. A mortgage application being rejected can seriously affect your plans. You may not be able to move to the house you’d hoped or find yourself paying more than anticipated in...

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Exiting a business: Six steps you should take to prepare

06.06.2019

Are you thinking about selling a business? It’s often a difficult decision that comes with challenges. As well as the practical challenges, there are likely to be emotional ones too. After all, it’s your business that you’ve spent countless hours building up to get to this point. Setting out the steps you need to take as you prepare to hand over a business can help you stay focused and increase value. So, what essential actions should you be...

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Trusts: What are they and what are they used for?

06.06.2019

A trust may be one of those financial tools you’ve heard of but know little about. In some circumstances, they can be an excellent way to help manage assets and reduce tax liabilities. However, it’s important to understand what they are and where setting up a trust can be useful before proceeding. What is a trust? Even the basics of a trust can seem complicated due to the legal jargon used. But the principle is relatively simple. A trust is...

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Brexit and your finances

06.06.2019

Three years after the Brexit referendum, it’s still uncertain how and when the UK may leave the EU. With political turmoil, highlighted by the recent EU election and Theresa May stepping down as Prime Minister, you might be worried about how Brexit is and will affect your finances. Held on 23rd June 2016, the Brexit referendum indicated that 51.9% of those voting supported leaving the EU. Whilst a majority, the vote was incredibly close, and...

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Is an inheritance important to your financial plan?

06.06.2019

As we make financial plans, it’s often necessary to make some assumptions. Perhaps you’ve factored in a few pay rises before retirement or calculated what investments can expect to return. But research indicates some people could be relying on receiving an inheritance with little information about it to reach their aspirations. If you’re expecting to receive an inheritance, it can be tempting to build it into your financial plan. Maybe you...

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How to make sure your pension lasts a lifetime

06.06.2019

Thousands of retirees are shunning Annuities when they reach retirement age. Instead, they’re taking advantage of the opportunity to access their pension savings flexibly. It can be a fantastic way to match your income and lifestyle, but figures suggest many are withdrawing unsustainable amounts. There are many benefits to taking your pension flexibly. However, you need to keep in mind that you’ll be in control of when withdrawals are made and...

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Defined Benefit pensions: Is it appropriate to transfer out?

06.06.2019

Please note: Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people. Do you have a Defined Benefit (DB) pension? If you’ve seen the sums you could receive by transferring out, you might just be tempted. However, it’s not the right choice for everyone and it’s crucial to consider the long-term impact. Receiving a lump sum that’s probably many times the annual value of your pension might seem like...

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Using your home to fund retirement

13.05.2019

When planning for retirement, it often means bringing together different income streams to suit you; rarely is your retirement income just from your pension. You might also be considering how to use your savings and investments, for example. One way to boost income in retirement that’s growing in popularity is through using property. It’s easy to see why; property prices have increased significantly over the last few decades. For many...

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The challenges of balancing different goal timeframes

13.05.2019

When you think about financial and lifestyle goals, there are probably several, each with a different timeframe. Juggling them and weighing up your priorities can be challenging. Should you focus on paying off your mortgage quickly now, or saving into a pension for retirement that’s still many years away? With conflicting goals, it can be difficult to have confidence in your finances and long-term financial stability. When you start thinking...

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Asset classes: What you need to know

13.05.2019

When you’re saving for the future, one of the key questions to answer is where you’ll place the money. Should you invest? If you do, what type of investment is right for you? It can be difficult to decide what to do and one of the first places to get started is to get to grips with the different asset classes. First, though, what is an asset class? It’s the term used to describe a group of securities or investments that are financially...

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