Estate planning

image text reads 'pensions: advice vs guidance'

Pensions advice vs. pensions guidance: What’s the difference?

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You may have heard of the terms ‘advice’ and ‘guidance’ being used to refer to help you could access about your pension. But do you really know the difference? The two terms have specific meanings, and understanding the difference between the two is vital, as one is regulated and comes with legal protection, while the…

Helping your child become a millionaire!

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We’ve written before about how to save for your children. You may have heard of some of the options – junior ISAs, bonds, trusts – before. But we left you with a tantalising promise to let you know how you can help your child become a millionaire. Well, here’s the lowdown. Pensions for children (child…

Business Property Relief (BPR)

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As you probably know by now, if your estate is large enough it will be subject to Inheritance Tax. Fortunately, there are a number of ways you can protect your estate and family from having to pay IHT. Today we are going to take a look at one you may not have heard of before;…
End of the tax year

What to do before the end of the tax year

April will be here before we know it. And with it comes a new tax year. There’s just enough time between now and April 5th to take action to make sure your money is working as hard as possible for you. Here’s a handy checklist to work through: 1) Use up your ISA allowance An…
Intergenerational Planning

Intergenerational Planning

If we were to ask you where you would like your home and money to go when you pass away, you’ll probably say to your family, and that is no surprise. You have worked hard to earn what you have and besides, it’s a parent’s prerogative to look after their children no matter what their…
The importance of writing a will

Why is it important to have a will?

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We talk a lot about planning for your future. Whether we’re discussing pensions, highlighting the true cost of retirement or making sure you’re prepared for old age care. It’s an important thing to do. Today we are going to focus on another area: Why it’s important to have a will Writing a will is one…
Death-Tax

New ‘Death Tax’ Charges

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Whilst everyone has been distracted by Brexit, the government have been busy putting through a new, so-called, ‘Death Tax’. It could see families having to pay up to £6,000 after the passing of a family member. Despite the name, the increased charge is technically a fee. By labelling it as a fee rather than a…

Crowdfunding for funerals is on the rise

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It’s not something most of us like to think about. But we are all going to need a funeral one day. There is a worrying indication that, despite the inevitability of it, people are failing to plan how their funerals will be paid for. There has been a huge rise in the number of families…

Health and Welfare Lasting Power of Attorney: An Overview

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We often write about planning for your future and this post is no different. But it is quite a tricky area. Imagine you were no longer able to make decisions for yourself. A terrifying thought, but a reality for an increasing number of people, particularly the elderly. There are 850,000 people with dementia in the…

Memorialise your Facebook account

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As financial planners, some of the work we do is related to planning for what happens when you die. It might not be the most cheerful topic, but there’s certainly plenty to think about. But with so many of us sharing our life with friends and family on Facebook these days, here’s something you might…
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