Views

Our latest news, views and opinions for the business, financial and investing sectors, including personal finance.

Making the most of Surplus Income during Lockdown

In general life more so than in finances, the coronavirus crisis has underlined what is really important. But this is also being reflected in our experience of how people are dealing with financial matters during this time.   A new polymer £20 note was issued on 20th February. I have…

Keeping your wealth in the family when you’re gone

Nobody likes to think about their death, it's a taboo subject and the reason why so many people die without leaving a will, or efficiently planning for their finances after they're gone. This can lead to tax burdens on spouse and family that could be avoided if planned for correctly.…

Are you prepared for retirement?

You work hard to enjoy your current lifestyle, but are you doing enough to ensure that you will continue to enjoy it in retirement? Many of us live for today, and simply aren't putting enough away, but saving into a private pension plan can help you retire sooner rather than…

How do self employed business owners plan for retirement?

Saving for retirement can be more challenging when you are self-employed, as there is no one to organise a pension for you and no employer making contributions on your behalf. On top of that, self-employed workers often don’t have a regular income, so many will focus on setting aside money…

Taxing times ahead

Don’t be penalised by the tax system when you exercise your freedoms The ‘pension freedom’ reforms of 2015 were welcomed by consumers, as they vastly widened options available to most savers at retirement. Pension freedoms allow savers to have the flexibility on how and when to spend their money without…

A long life needs a smart retirement plan

Reaching the big 50 can be a financial wake-up call Your 50s are a crunch time when saving for your retirement. If you’ve already set a retirement savings target but have been neglecting it, the reality is that now you can’t afford to delay your planning any further – and…

Will I have enough money to last through retirement?

Research finds mismatch between retirement expectations and reality Retirement is a chance to do more of what you enjoy. When it comes to planning for your retirement, you need to think about what you’d like your life to be like. There is no set retirement age in the UK any…

Guide to later life care

Have you thought about the cost of care in later life? One of the biggest challenges of the 21st century is Britain’s ageing population. There is continually much talk about later life care in the media, and it’s a subject that is going to be one of the biggest social…

Beating the Child Benefit Tax Trap

As a reminder, where one parent earns above £50,000, a “high income child benefit tax charge” is levied on that earner with the effect that there is a 1% tax charge for every £100 that their income exceeds £50,000. By the time income reaches £60,000, the charge is equal to…

Why Make a Will?

Ahead of Will Aid in November, we look at the rules that apply on intestacy: where someone dies without making a Will, and some of the key reasons why it’s worth making a Will.  In England and Wales, the rules on intestacy were amended in October 2014, so that when…