Land driving surge in UK’s net worth Recent data from the Office for National Statistics (ONS)1 shows that the UK’s net worth rose by £1trn in 2021, to total £11.8trn, the largest annual increase on record (9.2%). This rise can be attributed to the increasing value of land, accounting for over 60% of net worth. […]
Category archives: Pensions & Retirement
Over 50 and re-joining the workforce? Remember your pension
It’s estimated that the number of people aged 50 to 64 who are economically inactive sits at 3.6 million, which is 300,000 higher than pre-pandemic1. There is no doubt that the UK’s economic growth will, in part, be reliant on getting the over-50s back into work. If you retired early but are now having second […]
The best (retirement) gift for your child?
With the cost of children’s birthday presents and parties often totalling hundreds of pounds – could there be a better way to provide for your child or grandchild? Investing in a pension for your child can provide numerous long-term benefits and go some way to helping them secure a financially stable future. Setting up a […]
Rising prices adding to retirement costs
It can be difficult to understand what funds you’ll need to finance the retirement you dream about and how this compares to your projected pensions income. It’s even harder to keep track when the cost of living is spiralling. Setting standards The Pensions and Lifetime Savings Association (PLSA) developed its Retirement Living Standards1 to help […]
Starting early in the new tax year
A new tax year has begun and with it comes the chance to start your tax planning early, but why rush when there’s almost a year to go? Here are a few reasons: Why not get the new tax year off to the best start – get in touch. 1Vanguard, 2023 The value of investments […]
Spring Budget 2023 – key points
Chancellor Jeremy Hunt delivered the Spring Budget on 15 March declaring it to be “A Budget for Growth.” The fiscal update included a range of new measures, starting with the latest economic projections from the Office for Budget Responsibility (OBR): The Chancellor’s strategy for growth focuses on four pillars ‘Everywhere, Enterprise, Employment and Education.’ Key […]
Family Finances: get talking
New research1 suggests young adults and their parents are becoming increasingly comfortable talking about money matters, which should ensure future generations are much better equipped to tackle their financial affairs. Breaking the taboo Historically, intergenerational discussions about finances have too often been viewed as a no-go area, but the research suggests UK families are beginning […]
‘Magic’ scam warning
The Financial Conduct Authority (FCA) has warned pension holders to beware of scammers’ ‘magic tricks’ as research shows the economic squeeze is encouraging more people to withdraw pension savings. ScamSmart Britain’s financial watchdog recently launched its latest ScamSmart campaign aiming to give consumers the knowledge and tools to avoid scams. Over 700,000 pension plans were […]
Estate planning – take control
Inheritance Tax (IHT) is once again in the spotlight following the Chancellor’s decision to freeze IHT thresholds for a further two years until April 2028. Extending the frozen thresholds, together with rising house prices and soaring inflation mean that more estates are likely to be affected. IHT receipts on an upwards trend The latest IHT […]
Wealth – In the news
Hold your nerve Recent research1 reveals women are more likely to hold their nerve and avoid crystallising a loss when the market dips. Almost half of men (48%) have sold investments at a loss when they’ve dropped in value, in an attempt to stem their losses, while just 38% of women have done the same. […]