Keeping your tax bill to a minimum is not a matter of aggressive or complex tax schemes During this period of austerity, why pay more tax than you need to? Sensible tax planning is an essential tool in making the most of your finances. Keeping your tax bill to a minimum is not a matter… Continue reading Are you making the most of your finances?
Category: Wealth Creation
Yo-yoeffect
Why so many of us are financially uncertain Almost half (47%) of Britons are up and down when it comes to money, making shrewd savings one moment to justify overspending the next, according to research from Standard Life by YouGov Plc. The survey finds that almost half of people in Great Britain take a 5:2 diet… Continue reading Yo-yoeffect
Tax-efficient investing made easy
An Individual Savings Account (ISA) is a tax-efficient ‘wrapper’ designed to go around an investment. You’ve got until 5 April 2014 to use your current 2013/14 tax year annual ISA allowance before you lose it forever. Splitting the investment The crucial thing to remember is that in every tax year – which runs from… Continue reading Tax-efficient investing made easy
Do you have a long-term investment strategy?
Keep focused on your end goals and don’t let market noise sway you The complexity of today’s economic and global conditions, coupled with uncertainty in Europe, North America and China, have combined to create a degree of cautiousness among many investors. A long-term investment strategy could provide you with a clear advantage during uncertain times.… Continue reading Do you have a long-term investment strategy?
Trusts
Helping you control and protect your assets One of the most effective ways you can manage your estate planning is through setting up a trust. The structures into which you can transfer your assets can have lasting consequences for you and your family, so it is important that you obtain professional advice as the right… Continue reading Trusts
Saving for a rainy day
Fewer people are putting money away despite improvements to the economy T he gap between the fortunes of savers and non-savers continues to widen, and research supports these findings[1]. ‘Habitual savers’ continue to put away more for a rainy day, but the total number of people saving has fallen, and, despite improvements to the economy,… Continue reading Saving for a rainy day
Investing for income
During these difficult economic times, one of the tools available to the Bank of England to stimulate the economy is interest rates. Lower interest rates mean that it is cheaper to borrow money and people have more to spend, hopefully stimulating the economy and reducing the risk of deflation. This is why the Bank of… Continue reading Investing for income
Paying Inheritance Tax
Estimating how much liability you could leave behind for your loved ones Usually the ‘executor’ of the Will or the ‘administrator’ of the estate pays Inheritance Tax using funds from the estate. An executor is a person named in the Will to deal with the estate – there can be more than one. An administrator… Continue reading Paying Inheritance Tax
Do you have enough money to retire comfortably?
New data shows consumer confidence improving but worry is still strife Data recently released by Aviva shows that over half (55%) of UK consumers worry that they will not have enough money to provide an adequate standard of living when they retire, with 18% of consumers saying they do not hold any form of savings… Continue reading Do you have enough money to retire comfortably?
Inheritance Tax checklist
Start planning today to spare your family from a potential Inheritance Tax bill tomorrow 1. The main ways to avoid Inheritance Tax are to spend your money while you are alive or give it away. 2. Work out how much IHT might be due on your estate and regularly review it so you know what… Continue reading Inheritance Tax checklist
