Personal finance

Inherited ISAs

Inherited and Flexible ISAs: Part 2

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Following on from our last blog post about Flexible ISAs, we are continuing to look at recent ISA changes. In part 2, it’s the turn of the Inherited ISA. So, what exactly is an Inherited ISA? An introduction to Inherited ISAs In 2015 a rule was introduced to make it possible for an individual to…
Flexible ISAs

Inherited and Flexible ISAs: Part 1

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By now, we’re sure you all know that having an ISA is a tax-efficient way for saving towards your financial goals. Since their introduction in 1999 they have grown and developed significantly. Over the next couple of articles, we are going to take a look at two of the latest changes; Flexible ISAs and Inherited…
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…
accessing your pension without advice

Is it wise to access your pension without seeking advice?

We have written quite a few articles about pensions. Hopefully we’ve highlighted the importance of seeking advice as part of the pensions process. Everyone is going to need to access their pension sooner or later. Whether you’re approaching your retirement, or if it’s still a decade away, the more informed you all are about it, the…
Income Protection for under 35s

Should People Under 35 Have Income Protection Insurance?

Income protection is often something that people don’t consider until later in their lives. But new research shows that financial advisers believe people should be considering income protection much sooner. The research, carried out by Royal London, acknowledged that, despite its many benefits, Income Protection isn’t the easiest protection to sell. But, under-35s are a…
LTA

What to do if you hit your lifetime allowance (LTA)

As a nation, we are beginning to save more money for retirement. What with the government’s auto enrolment scheme, we are starting to put money into our pensions earlier than ever. But does this mean we are all running the risk of hitting our lifetime allowances? If so, what happens then? What is the current…
The Uk's attitude to Personal Debt

The UK’s attitude towards personal debt

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Debt. A word that we’re all familiar with. Most of us are likely to have some form of debt at least once in our lives. But a recent survey by KnowYourMoney has discovered millions of Brits are losing sleep over the four-letter word. What did the survey find out? In recent years, the level of…
Sequences of Returns Risk

Sequence of Returns Risk

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It might not sound like the most scintillating of topics, but understanding the impact that sequence of return risk can have on a Drawdown fund is important if you’re going to make the right decisions about your pension. To help explain it, we’d like to introduce Warren.  Lucky Warren retires at age 60. He has…
End of the tax year

What to do before the end of the tax year

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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…
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