A Gift of Surplus Income Is Not Just for Christmas
The festive season is a wonderful time for giving, but what if you could share that joy all year round? Gifting from surplus income is a meaningful way to provide for your loved ones while managing your inheritance tax (IHT) liabilities. However, this process requires careful planning and attention to detail—and we strongly recommend seeking […]
Making a difference to your financial health this Christmas
As the 2024 draws to a close, you could have the perfect opportunity to maximise your annual allowances, and enhance your financial wellbeing ahead of the New Year. Making sure your finances are optimised and strategically planning ahead over the festive period can yield substantial tax savings. With this in mind, understanding the options you […]
The 12 Educational Gifts of Christmas
We often hear about the importance of improving financial literacy across the UK. Research consistently shows that developing these skills can enhance life outcomes across all ages and demographics, while also contributing to greater economic potential. With that in mind, we asked IFAs across our 50+ locations in the UK to suggest the financial gifts […]
Business and International Tax Reforms in the Autumn budget
Unlocking private sector investment for infrastructure and net zero transition over the long term The Autumn Budget 2024 introduces significant reforms to business and international tax policies, targeting areas such as Capital Gains Tax, business rates, and environmental compliance for corporations. These changes are designed to support economic stability, increase tax transparency, and incentivise sustainable […]
Employer National Insurance Contributions Rise 15p In The Pound
Employers will have to pay 15p in NIC for every £1 paid to an employee The Chancellor, Rachel Reeves, announced the government is to increase the rate of employer National Insurance Contributions (NICs) by 1.2 percentage points to 15% from 6 April 2025, which will raise £25bn in tax. This will mean employers will have […]
Increased CGT Rates On Asset Sales And Carried Interest
Higher taxes on profits from selling assets like shares As part of a broader tax-raising initiative, the Chancellor, Rachel Reeves, confirmed that the lower Capital Gains Tax (CGT) rate will rise from 10% to 18%, while the higher rate will increase from 20% to 24%. This change means you might face higher taxes on profits […]
The Sandwich Generation: Saving and planning with a financial dependent
Tim Ross, IFA discusses how those within the so-called Sandwich Generation can plan ahead and save for the future. Life expectancy is continuing to rise. Couple this with individuals starting families later in life, means that more people are taking on responsibilities for both younger and older dependents at the same time. Otherwise known as […]
Risk vs. Rewards: How to balance your risk tolerance with your investment strategies
When it comes to building your wealth, investing can be invaluable. A comprehensive investment strategy can see your wealth grow far beyond the potential of a standard savings account. Over time, your wealth will accumulate through interest, dividends and capital appreciation. This can act as an income stream to see you through some of life’s […]
Investing a Lump Sum Wisely: Navigating Your Financial Windfall
Receiving a lump sum of money, whether from an inheritance, windfall, lottery win, or the proceeds from a business or property sale, can be both exhilarating and daunting. The decision on where to invest this money is crucial to securing the financial well-being of you and your loved ones. With multiple options available, it can […]
Changes to Individual Savings Accounts in 2024
Chartered Financial Planner, Hannah Rogers explores why savers and investors now have a more flexible approach. Individual Savings Accounts (ISAs) offer a versatile and tax-efficient way to save for the future, whether for yourself, your children or grandchildren. Now that we have entered the new financial year, on 6 April 2024, significant changes to ISAs […]