What next in the Brexit saga?

With less than two months to the country’s scheduled EU departure, it remains unclear whether the UK will leave with an amicable deal, crash out with no deal or whether the Brexit process will even be completed at all. Following 20 months of arduous negotiations, Theresa May reached agreement with the EU on how the … Continue reading “What next in the Brexit saga?”

How the bank of Mum & Dad can help first-time buyers

With property prices out of sync with wages, high rents and living costs rising, it comes as little surprise that first-time buyers are finding it hard to afford the deposit for a home. Unsurprisingly, many find they need to turn to the Bank of Mum and Dad for some additional financial help. The challenge facing … Continue reading “How the bank of Mum & Dad can help first-time buyers”

Making Gifts to avoid IHT

No one wants to think that their loved ones will receive a hefty Inheritance Tax (IHT) bill when they die. That’s why more and more people are seeking advice about making lifetime gifts to avoid paying more IHT than they have to. PASSING MONEY ON IN YOUR LIFETIME Estimates suggest that nearly seven million parents … Continue reading “Making Gifts to avoid IHT”

Two more years of Help to Buy will benefit First-Timers

The 2018 Budget contained measures aimed at tackling housing issues, including welcome news that the Government’s Help to Buy scheme was to be extended. Help to Buy was launched back in 2013 and is designed to make home ownership more accessible to first-time buyers and home movers. Under the scheme, the government offers a loan … Continue reading “Two more years of Help to Buy will benefit First-Timers”

UK housing market at a crossroads

The UK housing market is facing a unique combination of pressures, which could have major consequences for first-time buyers and sellers alike. In particular, the long-term trend of climbing house prices may be losing steam – but is this good news or bad news? Five straight months of falling house prices in London is just … Continue reading “UK housing market at a crossroads”

Hurrah! Pension Tax Relief unchanged

Although there had been much speculation, the Chancellor stopped short of major pension changes in his 2018 Budget speech, leaving pension tax relief unchanged. Other than the raising of the Lifetime Allowance in line with the Consumer Prices Index to £1,055,000 for the 2019-20 tax year, the rules surrounding pensions will stay the same. AN … Continue reading “Hurrah! Pension Tax Relief unchanged”

Will your pension be affected by a no-deal Brexit?

What will happen to pensions when we leave the EU? With the possibility of a no-deal Brexit, there is even more uncertainty over retirement funds. We look at how your pension could be affected – whether you have dreams of retiring abroad or staying in post-Brexit Britain. As we near 29 March 2019 – the Brexit … Continue reading “Will your pension be affected by a no-deal Brexit?”

Money advice to pass on to your kids in 2019

We all learn about money from an early age, so it’s interesting to think about what we were taught when we were young. What rules have stood you in good stead and which ones would you pass on to future generations? Here are some thoughts. SET YOURSELF FINANCIAL GOALS At every stage of life, you’ll … Continue reading “Money advice to pass on to your kids in 2019”

If you’re self-employed, make 2019 the year you sort out your pension

Being your own boss has risen in popularity over the last few years. There are now around 4.8m self-employed workers in the UK1, representing around 15% of today’s workforce. Whilst being your own boss comes with lots of benefits, it does mean that you have to be responsible for your own pension arrangements and can’t … Continue reading “If you’re self-employed, make 2019 the year you sort out your pension”

Does your money need a New Year workout?

We can all be guilty of letting our finances go, especially over the Christmas season. So now is a good time to take a long look at the state of your wealth and review the plans you have in place for the future. Regard us as your personal trainer, here to help you get your … Continue reading “Does your money need a New Year workout?”