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Financial Planning

 
 
Is redundancy on the cards? now is the perfect time to take control of your finances

Is redundancy on the cards? now is the perfect time to take control of your finances

September 11, 2020

The furlough scheme is reaching its final chapter, and inevitably, that’s led to more redundancies hitting the headlines. If you haven’t been motivated before, now is the perfect time to get financially well organised. This is something everyone can do; even if you don’t know where to start when it comes to managing your money, with a few simple steps you can take control and be prepared.

Category: Coronavirus, Financial Planning

 
Stamp duty holiday isn’t a reason to overstretch

Stamp duty holiday isn’t a reason to overstretch

August 14, 2020

Rishi Sunak introduced the Stamp Duty holiday on property valued up to £500,000 until March 2021. He wants to encourage us to make our moves sooner rather than later and get the housing market and its associated services going. Should you take advantage? Before you throw everything into making the most of this stamp duty holiday, make sure you’re in the right position to do so. You need to consider the bigger picture carefully with your eyes wide open.

Category: Financial News & Events, Financial Planning

 
How to make money management child’s play

How to make money management child’s play

July 30, 2020

Learning how to manage our money is just like learning to walk: we need a guiding hand to hold and encourage us along the way. We don’t get a formal financial education at school, so teaching children about money starts at home. That can seem scary if you’re not good with money yourself, but it…

Category: Financial Planning, Goal Setting

 
Benefits in unkind? Check how much they’re costing you

Benefits in unkind? Check how much they’re costing you

July 29, 2020

Our tax system is notoriously complex. Take income tax for example: the headline numbers, as a general rule, are that the first £12,500 of our income is tax-free; the next £37,500 is taxed at 20%; and income over £50,000 is charged at 40%. There’s a higher rate of 45% for earnings over £150,000, and we…

Category: Financial Planning

 
Readers Question: Can I use my spouse’s tax allowance?

Readers Question: Can I use my spouse’s tax allowance?

November 15, 2019

The first £12,500 of any income we earn is free of income tax, what seems unfair is that if one of you stays at home and does not have any earnings, then their £12,500 of tax-free allowance is left unused.
Many people don’t realise that since April 2015 you can apply to get a refund in these circumstances whree you could save £1,149 of income tax.

Category: Financial Planning, Money Management