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Financial Planning

 
 
It’s time to get serious about your money!

It’s time to get serious about your money!

June 29, 2022

Things are getting serious when it comes to our money; inflation is the highest in forty years, interest rates are rising in an attempt to curb inflation meaning our mortgages and debts are costing us more, energy and fuel prices have increased, it’s tough out there and we are all feeling the pinch. Therefore it’s essential you know your numbers, money isn’t as complicated as you might think. The hardest step is the first one – so where should you begin?

Category: Financial Planning

 
Inflation is killing your savings

Inflation is killing your savings

May 29, 2022

Inflation, as measured by the consumer prices index, has hit nine per cent, which is a 40-year high and the prospect of it rising higher and reaching double digits before the year-end is very likely. Inflation is normal, we shouldn’t be afraid of it, but when its momentum builds it can get out of control and skyrocket, which typically means things become more expensive quickly, but what does it do to your savings?

Category: Financial Planning, Saving & Investing

 
How to repay your mortgage fast

How to repay your mortgage fast

May 23, 2022

It’s the one debt most of us are happy to take out and it seems almost second nature to do so; for the majority, it takes nearly our whole working lifetime to repay it. So how can you join the 60% or so of householders who own their homes outright? Discover how repaying your mortgage earlier or more frequently can really make a difference.

Category: Debt Repayment, Financial Planning, Money Management

 
Insure your car? Insure your life!

Insure your car? Insure your life!

May 16, 2022

As a certified financial planner, a vital part of what I do is ensuring catastrophes like premature death are considered now, so there is a plan in place before an eventuality may occur. Managing risk is an important part of that. A way of transferring the risk away from your family unit to an insurance company is by buying life assurance. It doesn’t always have the best reputation, but ask a widow or widower who benefited from it and they’ll tell you a different story. We insure our cars and our home; it’s a natural step to insure our lives. read this article to find out why it’s worth considering.

Category: Financial Planning, Financial Protection

 
Offset the cost of working from home

Offset the cost of working from home

March 18, 2022

With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, I thought it even more pertinent to ensure we are claiming what we can to maximise our savings. With many people still working from home, and energy costs rising, it’s even more important that employees are claiming the […]

Category: Financial Planning, Money Management

 
Year End Tax Planning

Year End Tax Planning

March 3, 2022

With the cost of living increasing and our electricity bills looking more like Elton John’s florist bill, we thought it even more pertinent to tax plan this season and maximise our savings. While tax planning is an important part of financial planning, it is not the only part. It is essential that any tax planning […]

Category: Financial Planning

 
Protect your most valuable asset

Protect your most valuable asset

February 27, 2022

According to UK Finance, a collective voice for the UK banking and finance industry representing around 300 firms, fraud is on the rise as fraudsters look to take advantage of people who are spending more time online, as our work and private lives change more to a virtual world. Their most recent report shows that […]

Category: Financial Planning, Money Management

 
Regulation reaches funeral plan market to protect families

Regulation reaches funeral plan market to protect families

January 9, 2022

The overall cost of dying is increasing. It’s now at an all-time high of £9,263 for a basic funeral, professional fees and a send-off, according to SunLife . Over the last 15 years this has increased at almost 6%pa – a rate far higher than inflation. Because of the rising costs, in recent years it […]

Category: Financial Planning

 
So you want to become a millionaire!

So you want to become a millionaire!

November 5, 2021

Do you want to be a millionaire? That is a great goal, but maybe it seems too far off in the distance or too impossible for you to reach. You may have seen the success stories on TV and social media, but maybe those people inherited their money, had high-paying jobs, or hit it big with the lottery?

I have good news for you, you can become a millionaire and it has nothing to do with your family’s money or your education, it has everything to do with you. If you follow these principles, you will be on your way to becoming a millionaire.

Category: Financial Planning, Saving & Investing

 
Divorce & dealing with the pension splits

Divorce & dealing with the pension splits

October 29, 2021

There were 90,871 divorces in England & Wales in 2018 and 6,873 in Scotland, although divorce rates as a proportion of marriages are at their lowest rate in nearly 50 years. Of course, 2020 could buck that trend as we’re spending far more time together under one roof, working, playing and perhaps arguing. So if the worst happens in a marriage, what happens to our pensions? There are three methods by which pension benefits are taken into account on divorce, each with their own considerations.

Category: Financial Planning, Retirement & Pensions

 
Should I see a financial planner?

Should I see a financial planner?

October 4, 2021

The emergence of financial information websites and social media platforms such as YouTube and Tik Tok offering money management tips are trends that I think are helpful in promoting financial awareness in the UK, the more we are aware of our options, the better our decisions will be.  And, with the ability for consumers to […]

Category: Financial Planning

 
The tax rises have started…

The tax rises have started…

September 27, 2021

  The government announced two major policy changes that are likely to directly affect your finances.  A much-anticipated National Insurance rise will result in an increased burden on workers and employers, including for the first time, those above State Pension Age.  And the government has suspended the State Pension triple lock, meaning that pensioners will […]

Category: Financial News & Events, Financial Planning

 
Financial Education for the nation… and its children

Financial Education for the nation… and its children

August 15, 2021

It was results week this week for schools and colleges around the UK, measuring children on their ability to pass exams, or perhaps this year on navigating themselves through the unfortunate events of lockdown and the newly founded Teacher Assessed Grades or TAGs as they’ve become known. It’s been a tough time for my children […]

Category: Financial Planning

 

When it comes to your money, clarity is power

July 9, 2021

If you know your numbers, money isn’t as complicated as you might think. Clarity gives you the enthusiasm to make better decisions and live the life you want to live.  I often refer to ALIE as every financial planners best friend; assets, liabilities, income and expenditure. The last 18 months may have played havoc with […]

Category: Financial Planning, Money Management

 
Family finances for Father’s Day

Family finances for Father’s Day

June 18, 2021

Happy Father’s Day to all the dads reading. I love being a dad, and even as an experienced financial planner, raising my kids Olly and Bella has taught me plenty about family finances. On average, a couple spends just over £75,000 raising a child from birth to 18 years old according to the Child Poverty […]

Category: Financial Planning