Navigating Inheritance Tax
Chartered Financial Planner, Harry Sims, discusses how to pass on assets to the next generation to secure their future for tomorrow. Inheritance Tax (IHT) represents a significant consideration for anyone looking to pass on assets to the next generation. As of the 2024/25 tax year, IHT incurs a 40% charge on the portion of an […]
Life’s complicated. Getting life insurance shouldn’t be
Independent Financial Adviser, Fiona Ruck, discusses how to make sure your loved ones are looked after should the worst happen. Significant life changes, such as getting married, having a baby and buying a property, are key times to consider protecting your family’s future. Life insurance assures that your loved ones won’t face financial stress in your […]
Tax-saving measures – the actions to review before the 2023/24 year-end
What actions to review before the 2023/24 year-end with Fairstone adviser, Ruth Heath Have you recently evaluated your personal tax situation? Is your tax structure optimised for efficiency? As we approach the end of the tax year on 5 April 2024, it presents an ideal opportunity to assess and leverage the various allowances and reliefs […]
A crucial decade: financial planning in your 50s
Fairstone Chartered adviser, Rob Halsall considers how you can maximise your earnings while maintaining a robust financial plan. As you sail into your 50s, it becomes pivotal to consider your financial strategy. Life has likely found a steady rhythm by now. Children have probably taken flight, becoming financially self-sufficient, and the idea of reducing work […]
Strategies to minimise retirement tax
Many pensioners may face a lurking tax risk as the State Pension grows, Fairstone Chartered Adviser, Sandra Corkhill, looks at the potential impact of the triple lock under current circumstances. Pensioners are set to see a substantial increase in their income next year. The State Pension is projected to rise by 8.5% in April 2024, […]
Taxing times for 2023
In a year marked by several tax changes that impacted higher rate taxpayers, Fairstone Chartered adviser, Scott Miller, looks at steps you can take to manage your tax obligations. As we approach the end of the year, taxpayers should begin assessing their tax obligations. This is not a task to be left to the eleventh […]
Macro trends impacting weddings in 2023
Weddings are a source of great joy and celebration but they can also be stressful to pay for. Hannah Rogers, one of Fairstone’s expert financial advisers, takes a look at the realities and trends of wedding finances highlighted in a recent survey. Main pressures are rising costs and unexpected expenses from suppliers The cost […]
Saving for the next generation
Investing early with a junior ISA or a bare trust can be a proactive way of saving for your child or grandchild says Ryan Neil, one of Fairstone’s expert financial advisers. Taking proactive steps in securing your child’s or grandchild’s financial future Many parents and grandparents set aside money for the next generation to […]
Preserving wealth for future generations
Be proactive, start early and implement your plan in stages to get your house (and your estate) in order to plan your approach to inheritance tax says Mandy Crawford, one of Fairstone’s expert financial advisers. Over the next 30 years, it has been widely reported that intergenerational wealth transfer is expected to be around £5.5trn, […]
Preparing the next generation to engage with their finances
John McLaren, one of Fairstone’s expert financial advisers, encourages families to lay strong foundations for financial literacy with their children by being open and positive about managing money. Passing on the benefit of your experience to your children or grandchildren is crucial for their future success. However, financial planning can be complex, and even the […]