20
Jun
2022
0

TAX UPDATES TO BE AWARE OF IN UNCERTAIN TIMES

KEY FINANCIAL CHANGES THAT HAVE AFFECTED MILLIONS OF PEOPLE FROM APRIL Most taxpayers started to see their tax bills increase from April 2022. As we have moved into the new 2022/23 tax year, now is the time to review your tax affairs to ensure that you have taken advantage of all reliefs available and have considered some planning opportunities to help reduce your tax liabilities. Here’s what changed at the beginning of the 2022/23 tax year, and what you need…

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19
May
2022
0

IMPROVING YOUR FINANCIAL HEALTH

All of your financial decisions and activities have an effect on your financial health. To help improve your financial health during this period of rising inflation and interest rates, I look at three areas that could help keep you on track to achieving your specific financial goals BEAT THE NATIONAL INSURANCE RISE The National Insurance rise from April this year is going ahead for workers and employers despite pressure to reverse the decision to increase this by 1.25%, which is…

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27
Apr
2022
0

TAKE ACTION NOW TO MAKE USE OF YOUR NEW YEAR’S TAX SAVING OPPORTUNITIES

With the tax year end (5 April) on the horizon, taking action now will give you the opportunity to take advantage of any remaining reliefs, allowances and exemptions. I have provided some key tax and financial planning tips to consider prior to the end of the tax year. Now is also an ideal opportunity to take a wider review of your circumstances and plan for the year ahead. CHECK YOUR PAYE TAX CODE It’s important to check your tax code….

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11
Apr
2022
0

Invest your way out of Inflation.

Why is now the time to make sure you protect your wealth? The word ‘inflation’ had barely featured in the market’s vocabulary in the last three decades until it suddenly started to come back with a vengeance in 2021. As higher inflation looks set to persist in 2022, finding ways to generate a return on investments greater than inflation will be a key investment theme – otherwise your wealth falls in real terms. SPENDING SPREE There are two basic reasons…

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15
Mar
2022
0

Time to give your financial future a boost?

Savers and investors have until 5th April to use the £20,000 they can put into their tax-efficient Individual Savings Account (ISA) before the end of the financial year. The current tax year started on 6 April 2021 and ends on 5 April 2022. ISAs enable you to minimise the amount of tax you pay on your hard-earned cash. Some ISAs give you instant access to your money and can be used to plan your finances for the short term. On…

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06
Mar
2022
0

What I wrote to my clients this week….

Although I have only received contact from a very small percentage of my clients regarding the Ukraine/Russia crisis. I took the step to reach out to my clients to provide some reassurance. What follows is the e mail sent to my clients over the last few days: A lot has unfolded across the Russia-Ukraine border in the last few days. While much of the information reaching us is no doubt clouded by the fog of war, it’s saddening that so…

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24
Feb
2022
0

How will the Russia/Ukraine crisis impact your investments?

With reports mounting that Russia has begun the invasion of Ukraine. These reports have, without a doubt, caused the world to go into panic mode and stirred a new sense of turbulence in the financial markets. The question on everyone’s mind is what should we to do to protect our financial position? The short answer… DO NOTHING! – but let’s elaborate and back that up. There is no doubt that the Russian invasion of Ukraine will spook global financial markets…

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20
Jan
2022
0

WEALTH PRESERVATION : Five Fundamentals of Estate Planning

Start making plans now to ensure your loved ones are prepared for the future. In this short article you’ll find some tips to help you take the first steps. Start planning early Planning what happens to your money and possessions when you die aims to: • make sure your money goes to the people whom you want to give it to • reduce or even eliminate inheritance tax to leave more to those you love • ensure that your wishes…

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29
Dec
2021
0

WEALTH PRESERVATION: How to protect your wealth against Inflation.

Five questions to ask before inflation really takes off ‘How can I protect my money from inflation?’ is a question that many people may be asking themselves right now. In the current economic climate, rising inflation is becoming a concern for people with savings and investments. The effect means you’re potentially earning less money due to your hard-earned cash becoming worth less as time goes by. The negative impact of inflation upon the real value of an investor’s portfolio will…

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28
Nov
2021
0

WEALTH PRESERVATION – HOW TO MINIMISE A CAPITAL GAINS TAX BILL

The rules around Capital Gains Tax (CGT) are complex and they differ depending on your financial situation. It’s a complicated tax and, as a result, some people may get confused about how much they should expect to pay. WHAT IS CAPITAL GAINS TAX? Capital Gains Tax is a tax payable on the profits (or ‘capital gains’) you make from selling certain assets. These assets include some property, items of value such as art, jewellery or collectables, company shares or other…

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