Optimist vs pessimist – what does it mean for your money?

Is your glass half full or half empty? When managing your money and ensuring your financial security, both optimism and pessimism have key roles to play. Does it matter if you’re an optimist or a pessimist? Optimism is generally considered far more desirable, and research has consistently correlated it to many positive outcomes, ranging from … Continue reading “Optimist vs pessimist – what does it mean for your money?”

Is your annual allowance endangered?

You can normally pay up to £40,000 into a pension each year and receive tax relief on it – this is your annual allowance. But you need to beware of not one but two big risks to your allowance, which could cost you a lot in tax. When you first heard about the pension annual … Continue reading “Is your annual allowance endangered?”

Are the best things in life really free?

Fashion designer Coco Chanel is reputed to have said: “The best things in life are free. The second-best things are very, very expensive.” Many of life’s most exciting and memorable experiences can come with a hefty price tag attached. Recent research1 has calculated that going to university, buying a house, getting married, having two children, … Continue reading “Are the best things in life really free?”

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”

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?”

Money & Wealth Magazine – Autumn 2018

Inside this issue: Learning to be a financially-savvy family. Protection – awareness is growing. Keeping your finger on the pulse of the global economy. Don’t bury your head in the sand. Research shows women are better savers than men. How to plan for your retirement when you reach 50. Pension scams losses jump 71%. Majority … Continue reading “Money & Wealth Magazine – Autumn 2018”

How to avoid running out of pension savings

Are you spending your pension too fast? Brits aged 55 and over may be at risk of spending their pension pots too soon, a new government survey has warned. The latest report1 by Pension Wise in particular highlights the difference in spending between those who have sought their guidance and those who haven’t. In the … Continue reading “How to avoid running out of pension savings”