We work hard to keep our clients up to date on the latest knowledge and cases, not just legal information
Tax Action
13 Mar 2019
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Ask the Expert: Financial Services
29 Nov 2018
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Ask the Expert: Financial Services
What are the 'what if' scenarios of financial planning? Paul Howard of Fairstone Group explains further.
In September 2019 I will celebrate 50 years in Financial Services, or just "Insurance" as it was called back in the day.
Back to the future
11 Jul 2018
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Back to the future
Uncovering what really matters to you is the key to the planning process
Have you ever thought about writing a letter to yourself to describe your ideal future life, long-term life goals and the process of how to plan for them? Imagining what you want your life to be like in the long term when you retire will help you think much further ahead than you might have done before. Research conducted for a new campaign[1] shows that over half (54%) of people plan their lives only days (31%) or weeks (23%) ahead.
Funding Future Care Costs
25 Aug 2017
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Funding Future 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 rising life expectancy also brings with it the challenge of how we fund our future care costs. The question is: who is responsible for looking after us if we need care in old age?
Career Kick-Start
12 Apr 2017
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Career Kick-Start
Parents feel it is their responsibility to support their children
Despite footing the bill for further education, almost a quarter (23%) of parents worry that their children’s qualifications won’t be valuable in the workplace.
Parents in Britain are spending on average £17,400 to help kick-start their children’s careers, new research from Scottish Widows’ think tank, the Centre for the Modern Family (CMF), has found. For the average UK family, this equates to an estimated £7,900 per child[1].
CHALLENGING JOBS MARKET
Foreign expats living in the UK
24 Mar 2017
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Foreign expats living in the UK
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 who were born in the UK. In fact, this year, foreign expats may have even more considerations due to new regulations coming into force from 6 April 2017.
2016/17 Year End Planning
17 Feb 2017
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2016/17 Year End Planning
Keeping your taxes as low as possible – what you need to consider sooner rather than later
The 2016/17 year end for tax planning purposes is now only a matter of months away with the deadline approaching on 5 april. Effective tax planning is about knowing the personal and business taxes you are liable to pay and acting to legally minimise them. It is also about maximising your net income and creating opportunities to invest and save tax-efficiently for the current and future needs of your business, your family and yourself.
Money’s too tight to mention
16 Nov 2016
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Money’s too tight to mention
Planning financially for long-term sickness.
How would you pay the bills if you were sick or accidentally injured and couldn’t work? According to research by UNUM and Personnel Today, just 12% of employers support their staff for more than a year if they’re off sick from work.
Given the low level of state benefits available, everyone of working age should consider Income Protection (IP). But when Which asked the public, just 9% said they have some form of IP, compared with 41% who have life insurance and 16% who have private medical insurance (PMI).
Generation X
14 Nov 2016
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Generation X
Procrastinating when it comes to putting money aside for retirement
People with birth dates between 1964 and 1979 are labelled as ‘generation x’ and are suffering from a widespread tendency to procrastinate when it comes to putting money aside for retirement, according to the results of a new survey.
On average, respondents across the sample expected to delay planning by around eight years. But there is a telling picture of procrastination that demonstrates the vast majority continue to put off pension planning throughout their mid-life period.
Estate planning – not just for the wealthy
21 Oct 2016
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Estate planning – not just for the wealthy
When you hear the term ‘estate planning’ it automatically conjures images of the huge country estates of the very wealthy. But this portrayal can be very misleading – especially when it comes to estate planning in the financial sense of the term. Why? Because estate planning should be the concern of each and every one of us, not just the rich and famous who own large multi-million pound ‘estates’.