A tax-efficient, flexible method for future planning
Time is running out to use your 2023/24 ISA allowance
Investing in an Individual Savings Account (ISA) is a tax-efficient, flexible method for future planning. One of the most attractive features of an ISA is its tax benefits – it’s immune to both Income Tax and Capital Gains Tax on any growth within the fund or on income you withdraw. This makes contributing to an ISA an intelligent decision for those looking to grow their wealth while minimising tax liabilities.
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Succession planning, a family affair
A delicate process that requires clear communication and effective planning
Transferring wealth within a family is a delicate process that requires clear communication and effective planning. Otherwise, it could lead to a potentially large tax bill and bad feelings in the family.
Financial road map for 2024
How to devise a robust plan for wealth accumulation and protection
Understanding your financial situation is crucial to achieving both short-term and
long-term objectives. With a detailed insight into your finances, you can maximise your assets and devise a robust plan for wealth accumulation and protection.
Securing retirement
The art of de-risking
For many individuals, their pension investments are allocated to funds. These could be funds selected by their pension provider or ones they’ve chosen independently. Traditionally, retirement planning has centred around investing in shares-based funds during one’s younger years. As retirement approaches, the strategy typically shifts to de-risking the portfolio, diversifying into bonds, cash, and shares.
Charting your financial future
Tackling retirement anxieties requires understanding your current financial resources
Retirement is often seen as the golden phase of life, a period earmarked for relaxation and pursuing personal interests. However, a recent study has pointed towards an increasing trend of ‘retirement anxiety’, especially among individuals aged over 40[1].
Make the most of your wealth
Opening up a world of possibilities for your future
Like health, the more meticulously you manage your wealth, the longer it lasts. A growth strategy seeks to amplify your wealth over the long haul, opening up a world of possibilities for you. Whether you dream of a large retirement fund, a holiday home, or providing top-tier education for your children or grandchildren, a growth portfolio could be your ticket.
Gender pension gap
The potential barrier to reaching the same savings levels as men
The gender pension gap is an issue that extends beyond just the disparity in earnings between men and women. It also encompasses other aspects such as financial confidence, engagement with financial products, and socio-economic factors.
Heightened interest rates increase demand for annuities
What will you do with your hard-earned pension pot at retirement?
As we navigate life’s journey, retirement presents both a dream and a challenge. It’s the stage where we finally enjoy the fruits of our labour, a time for relaxation, exploration, and personal growth. But the question that often looms is how can we ensure a steady income stream that keeps pace with our aspirations and maintains our lifestyle? Enter the world of annuities.
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The forgotten task on Britons’ to-do list
Financial pitfalls that could have been easily avoided
Managing retirement plans and paperwork can seem daunting in our fast-paced, constantly evolving world. Yet, it’s an essential chore that should not be pushed aside. Not staying up-to-date with your retirement plans can result in financial pitfalls that could have been easily avoided.
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