Category: News

Your complete guide to the 2020 Budget

20.04.2020

After delays and resignation, the Budget was finally delivered on March 11th. The announcements made could have an impact on your personal finances and businesses, as well as affecting where public spending goes. The Budget 2020 document is over 100 pages long, so we’ve put together a summary of the key points from this year’s Budget. Coronavirus response At the time of making the Budget speech, the UK was being affected by the coronavirus...

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Small business owner? Here are the measures in place to help you through the pandemic

20.04.2020

While the coronavirus pandemic has affected the health of hundreds of thousands of people worldwide, it has also had a devastating effect on small and medium-sized businesses in the UK and beyond. Following a £12 billion package of measures announced in the Budget, the Chancellor has since unveiled a substantial support package designed to help businesses survive during this uncertain period. If you’re a small business owner, there is help...

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5 ways to improve your work/life balance

13.03.2020

Juggling the demands of a busy career with the need to relax and spend time with loved ones can be difficult. The 24/7 availability of the internet might have given you the flexibility to work on the train or receive instant responses from colleagues across the globe, but it can also bring with it a creeping temptation to check your work emails at home, or to Skype the office from your luxury holiday villa. Striking a healthy balance between...

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Should I pay off my mortgage or invest the money?

13.03.2020

If you find yourself with a lump sum – perhaps through an inheritance, a bonus or because an investment has matured – you may be wondering what you should do with it. One of the common questions that we’re asked is ‘should I pay off my mortgage with a lump sum, or should I invest it?’ As with all financial advice, there are pros and cons to both choices. However, before we consider the pros and cons of using a lump sum to invest or...

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Last-time buyers: Why move in later life and what challenges will you face?

13.03.2020

The difficulties experienced by millennials looking to get onto the housing ladder are well-documented. But as first-time buyers struggle with a lack of affordable housing and the difficulty in saving a deposit, different challenges face those at the other end of the housing market: so-called ‘last-time buyers’. A recent report by the Intermediary Mortgage Lenders Association found that last-time buyers – homeowners aged 55 or older who move...

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Financial planning: Why do you need to revisit your plan?

13.03.2020

Financial planning is essential at all stages of life. Speaking to an adviser can help you focus on your financial goals and give you the means to achieve them. But the hard work doesn’t stop once the plan is in place. It’s just as essential that you revisit your plan, and that you do so regularly. Whether checking on the progress of investments, making tweaks to retirement dates, or upending your plan entirely, checking in with your...

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5 things you should know about the new £20 note

13.03.2020

Last month saw the launch of the latest new polymer banknote in the UK. The new £20 note was released in late February and becomes the third new banknote to enter circulation in the last four years. Considering that the £20 note is the most common note in this country, the introduction of a new banknote is a big deal. So, here are five important facts you should know about the new £20 in your pocket. 1. Who is on it Following in the footsteps...

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How using a trust could save UK families £300 million each year

13.03.2020

Back in 2017, more than 35,000 term life insurance policies paid out an average of more than £78,000. Nearly every claim was paid (98%) and tens of thousands of families/beneficiaries were supported following an unexpected bereavement, to the tune of £2.79 billion. However, HM Revenue and Customs figures from the same tax year (2016/17) show that almost 8,000 life insurance policies with payouts worth £774 million fell into the Inheritance Tax...

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Understanding your Final Salary Pension: What income will it provide?

13.03.2020

If you have a Final Salary pension, retirement planning can seem more straightforward. However, there are still important decisions that need to be made and it’s crucial that you understand the income it will provide. Whether retirement is just around the corner or some years away, reviewing your pension arrangements can provide confidence. First, what is a Final Salary pension? Final Salary pensions, also known as Defined Benefit pensions,...

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Budget 2020 – Winners and Losers

12.03.2020

Yesterday, Rishi Sunak has delivered the first Budget of the new Conservative government. With a large majority behind him, the theme of the Chancellor’s speech was to deliver the promises made in the party’s election manifesto or, as Sunak himself repeatedly said, to ‘get things done’. Of course, the coronavirus outbreak has significantly changed the Chancellor’s plans. Opening his speech, Sunak said: “We will rise to this challenge -...

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