‘Miss List’

retirement planning cotswolds

With retirement in your sights, what do you think you’ll miss? Spending time with family, easily having a shower or bath and driving a car are the top day-to-day moments that most people would miss if they could no longer do them. However, seven in ten (69%) people – over 36 million[1] people – fail […]

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7 pension tips for nurturing your nest egg in 2018

financial goals

Helping you realise your financial goals We’ve now entered a new age of retirement planning with the introduction of pension freedoms. Your retirement is likely to be the most important time in your life you’ll even plan for – you could be retired for 20 years or more. Thinking about pensions sooner rather than later […]

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The bank that likes to say ‘yes’

long-term saving

Repeated payouts to children could have a detrimental impact on your own long-term saving Many parents who are in a position to do so would want to provide financial help to their children. However, in many cases, this financial support ends up being gifts from Mum and Dad rather than the loans from the Bank […]

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Millennial outlook

Millennial pensions

Pension saving high up on the list of workplace priorities Workers from the so-called ‘millennial generation’ are putting pension saving high up their list of workplace priorities. Nearly six in ten (57%) people in their first ten years of work considered the quality of their current employer’s pension scheme before deciding whether to take the […]

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ISA returns of the year

Individual Savings Account

Taking control over where your money is invested tax-efficiently A new tax year is nearly upon us – and that means, for all diligent savers and investors, you should make sure that you take full advantage of your current Individual Savings Account (ISA) tax-efficient allowance. What is an ISA? An ISA is a tax-efficient investment […]

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Making solid financial resolutions

financial plan

Grow your money and live the life you want The New Year is the perfect time to overhaul your life for the better, and one excellent place to start is by making solid financial resolutions that can help get you closer to your money goals, whether it’s increasing your retirement savings or setting enough money […]

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Savings black hole

inflation uk

Inflation set to erode Britain’s £60 billion cash savings Millions of Britons could see their savings shrink, as they don’t know how to shield them from the threat of rising inflation. Currently, UK savers are hoarding over £60 billion[1] in cash for long-term savings and investments, which stands to be eroded by £1.5 billion this […]

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5 reasons to open a Stocks & Shares ISA

stocks and shares isa

Whatever you’re putting money aside for, there’s likely to be a role for Individual Saving Accounts (or ‘ISAs’). Low interest rates on cash savings since the financial crisis have meant that many savers have turned to the markets in the hope of achieving a better return. Although investing means taking risks with your money, this […]

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Get ‘wrapped’ up

cheltenham ifa services

Autonomy to make your own investment decisions Some people don’t want a pension company deciding how their pension savings are invested – they want to control where their money goes and how it grows. For people wanting to have autonomy to make their own investment decisions with their retirement savings, a Self-Invested Personal Pension (SIPP) […]

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Your wealth. Your legacy

will iht affect me

Will IHT affect me? Families shying away from difficult conversations If you have significant assets, you may be wondering whether Inheritance Tax (IHT) affects you. Worryingly, some families appear to be shying away from difficult conversations, as almost half (47%) of UK adults say they have never discussed inheritance matters, according to new research[1]. IHT receipts […]

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Turbocharge your pension

increase pension

Will you be able to afford the retirement lifestyle you want? If you’re still working, what kind of life would you like to lead when you’ve said goodbye to the 9-to-5? Saving for your retirement is essential if you want the financial freedom to enjoy your later years. After all, you’ll still want to do […]

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UK pension savings gap

pension savings gap

The need for a greater awareness of what must be saved today If savers want a particular standard of living at retirement, then they will need a greater awareness of what must be saved today. Despite efforts by the Government to tackle the savings gap through auto-enrolment and raising the pensions age, challenges still exist. […]

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Shopping around for a better pension deal

better pension deal

Consumers lost £130 million by sticking with the same pension provider in 2016 New research finds consumers could be missing out on thousands of pounds in retirement by not shopping around for a better pension deal/product. This means their pension pot may not stretch as far as they hope it will, yet a significant proportion […]

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Average age of divorce at an all-time-high

financial advice on divorce

Forecasting the long-term effects of the settlement The financial ramifications of a divorce can be devastating. The average age of divorce has reached an all-time high at 45 years and 11 months for men and 43 years and six months for women, according to data released from ONS[1]. Obtaining professional financial advice is essential during […]

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Planning for your retirement

retirement in the Cotswolds

Getting ready to slow things down One of the critical aspects of retirement planning is how you structure your financial affairs to make sure you have sufficient money if and when you stop working. Making sure you have enough money in retirement to enable you to spend your time the way you want to, doing those […]

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Financially unprotected

family financial protection

Dads putting their family’s financial security at risk if the unexpected were to happen What would happen to you and your family in the event of unforeseen circumstances, such as the diagnosis of a serious illness or premature death? Worryingly, research from Scottish Widows reveals that more than half (53%) of men in the UK […]

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Family Succession planning

personal financial plan

Taking advice early and developing a personal financial plan is crucial to meeting long-term goals Succession planning may be one of the most challenging experiences facing any leader, especially an entrepreneurial business person who has built a family business from scratch, so it is crucial to get right. For a family business, transition is a […]

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Gender income gap

gender wage differences

Minimising the impact on your retirement income The gap between women’s and men’s annual average expected retirement incomes in 2017 has grown by £1,000 in the last year, according to new research[1]. Future financial plans The unique annual research has, over the last ten years, tracked the future financial plans and aspirations of people planning […]

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Retirement taxation

what tax you have to pay in retirement

Understanding the bottom line – tax in retirement Retired households handed over an average of £7,400 each in tax last year – the equivalent of nearly 30% of their annual income, according to analysis of newly released data[1] by Prudential. The total annual tax bill for the UK’s 7.1 million retired households was £52.7 billion […]

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Sleepwalking into a pension shortfall

Auto enrolment and pensions

Auto-enrolment shouldn’t be seen as a silver bullet How much money you should be saving for your retirement is a key question when visualising the type of retirement lifestyle you want. However, the 13th annual Scottish Widows Retirement Report reveals that, despite the success of auto-enrolment – 80% of 22 to 29-year-olds are paying something […]

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Pensions revolution

Awareness and understanding amongst the public still remains low 6 April 2017 marked the anniversary of both the new State Pension and the new pension freedoms. These major overhauls have revolutionised the UK pensions landscape, but research from Aviva[1] suggests work to improve pension saving is far from done as awareness and understanding amongst the […]

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Brexit triggers saving

BREXIT in Cheltenham

Current affairs have a significant impact on how people feel about the economy People who feel pessimistic about the UK economy or their own personal finances are more likely to plan to save more over the next 12 months to ensure they have a financial safety net, according to a Zurich survey of over 4,000 […]

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Investment trusts

investment trusts

Public company aiming to make money by investing in other companies  An investment trust is a public company that raises money by selling shares to investors, and then pools that money to buy and sell a wide range of shares and assets. Different investment trusts will have different aims and different mixes of investments. Investment […]

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Investment objectives – a lifelong process

investment objectives

Protecting your wealth from market ups and downs If you’ve got a sufficient amount of money in your cash savings account – enough to cover you for at least six months – and you want to see your money grow over the long term, then you should consider investing some of it. Investing is a […]

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Working 9 to 5

retirement age

Almost three quarters of employees expect to work beyond the traditional retirement age The proportion of UK employees who say they will work beyond the age of 65 is at an all-time high. The findings from Canada Life identified that almost three quarters (73%) of employees expect to work beyond the traditional retirement age, up […]

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Retirement choices

retirement choices

How much time do you spend planning for retirement? The 2015 pension freedoms gave us greater flexibility over our retirement options, but the reforms have also made retirement choices much more complex. This means we need to start thinking about our retirement earlier. However, half (50%) of respondents aged 45–54 to a LV= consumer survey[1] […]

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Funding future care costs

care costs

‘The tragedy of old age is not that one is old, but that one is young’ With the UK’s population ageing, more people will be living with long-term care needs. Oscar Wilde once said: ‘The tragedy of old age is not that one is old, but that one is young.’ But the good news of […]

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Inheritance Tax rule changes

IHT changes

Effective estate planning can safeguard your wealth for future generations If you want to have control over what happens to your assets after your death, effective estate planning is essential. After a lifetime of hard work, you want to make sure you protect as much of your wealth as possible and pass it on to […]

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Pension time bomb

UK PENSIONS

Planning to prevent the financial equivalent of climate change Millions of workers across the UK could be heading for a significant shortfall in the amount of pension they need for an adequate income. The World Economic Forum (WEF) has issued a warning that calls on the Government to impose faster pension-age rises as it earmarks […]

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Personal pensions

Saving tax-efficiently for retirement A personal pension is a type of defined contribution pension. You choose the provider and make arrangements for your contributions to be paid. If you haven’t got a workplace pension, getting a personal pension could be a good way of saving for retirement. Your pension provider will claim tax relief at […]

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Buying an annuity

pension annuity

A regular retirement income for the rest of your life One way to use your pension pot is to buy an annuity. This gives you a regular retirement income, usually for the rest of your life. In most cases, this is a one-off, irreversible decision, so it’s crucial to choose the right type and get […]

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Tax relief and pensions

tax relief

Annual and lifetime limits Tax relief means some of your money that would have gone to the Government as tax goes into your pension instead. You can put as much as you want into your pension, but there are annual and lifetime limits on how much tax relief you get on your pension contributions. Tax […]

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Advice matters

financial advice Cheltenham

Do you have the time to keep fully up to speed with everything that’s going on? With a burgeoning choice of products on the market, and considering the busy lives we all lead, it can be difficult to find the time to keep fully up to speed with everything that’s going on – especially when […]

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Inside the mind of a scammer

is my investments safe

Tactics investment fraudsters use to deceive over-55s The Financial Conduct Authority (FCA) is urging over-55s to check that investment opportunities are genuine before they part with their money. This comes as new research[1], commissioned as part of the FCA’s ScamSmart campaign, reveals that only two in five (42%) think they know how to spot a […]

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UK General Elections and the Stock Market

UK ELECTIONS

Over the long run, the market has provided substantial returns regardless of who lives at Number 10. Next month’s snap election is the first national vote in the UK since the EU referendum. While the election’s outcome and overall impact are unknown, there is no shortage of speculation about how the election will impact the […]

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Spring Budget 2017

spring budget 2017

What did it mean for your financial plans? The Chancellor of the Exchequer, Philip Hammond, delivered his Spring Budget to Parliament on 8 March 2017. This Budget was the last one to take place in the spring. The Chancellor said last year that he wanted to simplify the whole business of setting taxes and government spending, […]

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Hello LISA

WHAT IS LIFETIME ISA

Lifetime ISA Saving for a first home or retirement at the same time The start of the new tax year on 6 April 2017 saw the launch of the Lifetime ISA (LISA), which was announced in the 2016 Budget. This is a new type of Individual Savings Account (ISA) designed to help you save for […]

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Origins of wealth

building an investment portfolio

Turning a vision into reality We understand that no two people are alike and that each of us will have a unique set of objectives. As professional advisers, our starting point is therefore always to take the time to truly understand your goals and aspirations and to turn your vision into a reality that creates […]

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Looking to the future

savings for retirement

Cost of essentials is the most common perceived threat to over-55s While the rising cost of essentials is the most common perceived threat to over-55s’ standard of living over the next five years, concerns over falling returns on savings have risen to the highest point in almost three years, Aviva’s latest Real Retirement Report reveals. […]

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Income investment strategies

investment strategies

Investment strategies: Yield on equities and corporate bonds look understandably attractive People are living longer. Simple demographics mean that supplementary income is no longer a luxury – it’s a necessity. Meanwhile, interest rates are at historic lows – even before you take account of inflation. So, relative to cash, the yield on equities and corporate […]

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A little today, a lot tomorrow

successful investing strategy

Successful investing strategy Managing investment risk during turbulent markets A common mistake that some investors make is not diversifying their portfolio enough. To make sure investments are spread across different asset classes, it could contain a blend of equities, bonds, cash, property and others (such as commodities and gold) to benefit from their changing investment […]

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Pension booster

pension advice

Setting goals for retirement The Set the Right Goals study from Zurich UK found that those who set specific goals for when they are aged 65 or over are more likely to save, putting aside approximately 7% of their salary into their pension compared to 5% for those without. The study combined research from YouGov […]

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Foreign expats living in the UK

foreign expats financial advice

New regulations coming into force from 6 April 2017 As the tax year end approaches, people will be rushing to ensure they maximise their annual allowances and have their finances in good shape. This deadline applies equally to foreign expats (often referred to as ‘non-UK domiciles’) living in the UK as it does to those […]

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New Market Highs: Are Stocks Heading for a Fall?

You may have read that well-known stock indices in the US and Europe have reached new highs in recent months. Is a new market high an indication that it is time for investors to cash out? History tells us that a market index being at an all-time high generally does not provide actionable information for […]

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Who will be opening a new ISA in 2017?

new isa 2017

Five million over-50s looking to make their money work harder  Savers have had it extremely tough over many years now, and yet many still feel uncertain about making the switch to investing. This is largely because people don’t know quite where to start, and they are wary of the risk. However, people need to make […]

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Millions change retirement plans post–EU vote

retirement plans

Turbulence in the economy has left many feeling confused The UK’s decision to leave the EU has left over two million[1] people planning to change their retirement plans. It’s undoubtedly a thought-provoking time for many approaching retirement and even more difficult for retirees to know what is right for them. It’s essential you have access […]

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Don’t miss the ISA deadline

ISA DEADLINE

Time to take control over where your money is invested tax-efficiently Each tax year, we are each given an annual Individual Savings Account (ISA) allowance. The ISA limit for 2016/17 is £15,240, rising to £20,000 in 2017/18. Anyone wishing to utilise their allowance should do so before the deadline at midnight on Wednesday 5 April 2017. […]

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Pension power

Pension advice cotswolds

Take full advantage of tax relief – annual and lifetime limits  Pensions are a highly tax-efficient form of saving, and if possible you should take full advantage of funding your pension contributions to the maximum allowable. You receive tax relief on contributions that you pay into your pension. Tax relief means some of your money […]

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Planning for Inheritance Tax

INHERITANCE TAX

With careful planning and professional financial advice, it is possible to take preventative action to either reduce your beneficiaries’ potential Inheritance Tax bill or mitigate it out altogether. 1. Make a Will A vital element of effective estate planning is to make a Will – unfortunately, a significant number of adults with children under 18 […]

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