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Financial Planning

 
 
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

 
While cash deflates, your wealth can still inflate

While cash deflates, your wealth can still inflate

June 18, 2021

What is inflation? When too many pounds chase too few goods or services, the demand for those goods and services increases. This can cause prices to rise, which over time is what we refer to as inflation. There are two measures of inflation, the Consumer Price Index (CPI) and the Retail Prices Index (RPI). They’re […]

Category: Financial Planning

 
How to repay your mortgage fast

How to repay your mortgage fast

May 27, 2021

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 7, 2021

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

 
My top 10 tips for your 2021 tax planning

My top 10 tips for your 2021 tax planning

March 25, 2021

With the end of the tax year just a few weeks away, below are my top 10 tips you can benefit from this year. Each person has an annual exemption of £12,300 to set against their capital gains. This allowance cannot be carried forward or transferred to another person. So if you are thinking of […]

Category: Financial Planning

 
Negative interest rates: not the mortgage positive you might think

Negative interest rates: not the mortgage positive you might think

February 19, 2021

Earlier this month the Bank of England gave banks six months’ notice to get operationally ready for negative interest rates. Reducing interest rates makes borrowing less expensive and saving less attractive. That encourages more spending, and when we’re spending more, we’re helping the economy grow quicker. But what does that mean for your savings, loans, and mortgages?

Category: Financial Planning