A new tax year

A new tax year, means a new start for your finances. It can be a great time to create a roadmap for your future financial success. It’s always a good time to consider financial planning, but at the start of a new tax year, when you have a fresh set of annual allowances to take…

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Passing assets efficiently to the next generation

Protecting your estate is ultimately about securing more of your wealth for your loved ones and planning for what will happen after your death to make the lives of your loved ones much easier. It’s not nice to think about, but it means that your loved ones can carry out your wishes and be protected…

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Early retirement

An increasing number of people have been forced into early retirement due to the economic impact of the coronavirus (COVID-19), with many worried about how they’ll make ends meet in the future. Because of the pandemic, we are currently in a challenging economic period. The global economy has taken over ten years to recover from…

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Increase in pension age

The government has confirmed that it plans to increase the minimum pension age at which benefits under registered pension schemes can generally be accessed, without a tax penalty, from age 55 to 57 commencing 6 April 2028. The Treasury is consulting on how best to apply its decision to increase the age when people can…

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Spring 2021 TIPS Financial Guidance Magazine

Welcome to the Spring 2021 edition of our TIPS financial guidance magazine. As we enter another new phase in the coronavirus (COVID-19) pandemic, each UK nation has set out a roadmap out of lockdown, a positive sign that we can hopefully start to get back on track both financially and emotionally. It’s always a good…

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Long-term care

As we get older, many of us will need help looking after ourselves. With the United Kingdom’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 rising life…

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Peace of mind knowing your family is protected

Are you protecting what matters most against the financial impact of a life-changing event? The coronavirus (COVID-19) outbreak has led to a tragic number of deaths. The pandemic has made many of us realise the importance of having life insurance as a fundamental part of a sound financial plan. It’s understandable that we would rather…

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Income protection insurance

Being unable to work can quickly turn our world upside down, as we’ve seen for thousands of people during the coronavirus (COVID-19) pandemic crisis. No one likes to think that something bad will happen to them, but if you couldn’t work due to a serious illness, how would you manage financially? Could you survive on…

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Wellbeing indicators

Adults expect their financial wellbeing to worsen throughout the course of 2021, whereas there is some optimism of improvements to other wellbeing indicators, such as mental, social and physical wellbeing, once the vaccination is successfully rolled out. Research tracking attitudes throughout the coronavirus (COVID-19) pandemic shows that adults are pessimistic about improvements to their financial…

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Pension Options

One thing retirement is not, is an age. Not any more, anyway. Gone are the days of being told to stop working one day and pick up your State Pension the next. Today you have new pension freedoms to decide when and how you retire. Pension freedoms in 2015 fundamentally changed the rules for cashing…

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April Fact Sheets

All of our April financial guidance factsheets are available to download below. Each one focuses on a different financial aspect to help guide you when setting and reaching your financial goals. If there is anything you are unsure about, or would like further information, all of our independent financial advisers offer a free initial consultation…

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10 ways to reduce your Inheritance Tax bill

We’ve put together 10 ways to reduce your Inheritance Tax bill. Even those who believe they have moderate wealth levels may still need to take action to minimise Inheritance Tax, particularly if they own property and have savings and investments. Inheritance Tax is payable in the UK on death, and sometimes when you give away…

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