A timely proposition
Considering gilts for your investment portfolio? High-interest rates make gilts an attractive option for some investors, especially higher-rate taxpayers who benefit from the tax exemption from capital gains. What exactly are gilts? These UK government bonds, or debt securities, are issued to finance public expenditure. Their appeal lies in their low-risk nature and guaranteed income.
Taxing times for 2023
A year marked by several tax changes that impacted higher-rate taxpayers As we approach the end of the year, taxpayers should begin assessing their tax obligations. This is not a task to be left to the eleventh hour, especially considering tax changes coming into effect in 2024.
Strategies to minimise retirement tax
Many pensioners may face a lurking tax risk as the State Pension grows Many pensioners may face a potential tax pitfall as the State Pension escalates and Income Tax bands remain fixed.
Decoding auto-enrolment
Good news on the horizon for future retirees For employees, auto-enrolment is a crucial component of everyone’s retirement strategy. Understanding auto-enrolment becomes critical as we increasingly know the need for adequate retirement preparation. Historically, while some companies offered their employees the chance to contribute to a pension fund for retirement preparation, others did not.
A crucial decade: financial planning in your 50s
Maximising your earnings or laying down a robust financial plan As you sail into your 50s, it becomes pivotal to consider your financial strategy. Life has likely found a steady rhythm by now. Children have probably taken flight, becoming financially self-sufficient, and the idea of reducing work hours or even completing retirement starts to surface.
‘Time in the market’, not ‘timing the market’
The allure of quick profits and instant gratification In the investing world, the allure of quick profits and instant gratification often tempt some investors to employ a ‘market timing’ strategy. This method involves buying or selling financial instrument decisions based on predictions of future market price movements. Ironically, numerous studies and historical data have shown […]
High costs of private education
The significant decision of choosing a private school for children Choosing the right educational path for your children is one of the most significant decisions you will make as a parent. Among the many considerations, private schooling often emerges as an option due to its perceived benefits, such as smaller class sizes, specialised programs, and […]
Journey to monetary autonomy
Optimising your finances and formulating an all-encompassing wealth plan for the future Everyone is entitled to monetary autonomy, and maintaining financial wellness throughout life is more of a marathon than a sprint. One must deeply grasp one’s financial status to reach short-term and long-term objectives.
Aspiring towards retirement
Why many people experience a mixed bag of emotions on the subject Retirement is often envisioned as a time to unwind and indulge in our passions after years of hard work. However, recent research indicates that many individuals feel apprehensive about retiring due to financial and emotional concerns[1].
The Family Bank
Planning to aid the next generation According to new research, close to one in five (18%) of parents and grandparents have dipped into their own property wealth to assist their family members in climbing onto the property ladder [1]. Often, they turn to the equity of their homes to gather the needed funds, either through […]
