Give your children a head start with financial education

Posted by siteadmin on Thursday 2nd of July 2020

Give your children and grandchildren a head start with financial education

 

Financial literacy isn’t a skill that we are born with. Learning how to manage money effectively means acquiring a few important life lessons that parents can pass on to their children from a relatively young age. With home schooling on the agenda for many families at the moment, one perfect way to engage your children, a skill vital for everyday life, is financial education.

Money doesn't grow on trees

Encourage children to handle cash as soon as possible to help them recognise its value and to plan how to save some of their pocket mon...


Now could be a good time to remortgage

Posted by siteadmin on Thursday 2nd of July 2020

Now could be a good time to remortgage

 

Mortgage rates are now at record low levels, following two Bank of England rate cuts in March to bring the base rate down to 0.1%.

Borrowers on a tracker, discounted or variable rate mortgage may have already benefited from this rate drop, but those borrowers whose mortgage deal is nearing its end, or those currently on an uncompetitive standard variable rate (SVR), should review their situation as there are some very competitive products on the market, with potential savings to be had.

Remortgaging explained

A remortgage is where you ...


Market update - a look back at June 2020

Posted by siteadmin on Thursday 2nd of July 2020

Market Update Look back at June 2020

 

"June’s performance helped the FTSE 100 record its best quarterly performance since 2010, gaining 8.8%."

 

During June, most global equity markets rose despite rising daily rates of new coronavirus cases, especially in the United States, which dampened some of the optimism about the speed of an economic recovery.  It was reported that 12 states, including Florida, Texas, California and Arizona, have reversed re-opening plans and implemented tighter restrictions to prevent a further spread of the virus.

June’s performance helped the FTS...


Lasting Powers of Attorney

Posted by siteadmin on Thursday 2nd of July 2020

Lasting power of attorney


You may have already arranged a Will* to deal with matters in the event of your death, but have you considered what would happen if you became unable to handle your affairs while still alive?

Peace of mind

Have you considered how a physical or mental illness could affect your ability to manage your personal affairs? If the prospect of this worries you, you should consider setting up an LPA. This is a legal document which allows you to appoint one or more people to either help you make legal decisions, or to make them entirely on your behal...


Estate planning

Posted by siteadmin on Tuesday 30th of June 2020

Estate planning

 

Estate planning encompasses not only preparing your finances to ensure your assets are protected for your loved ones once you are gone, but it’s also about ensuring you have enough money to live on.

It starts with obtaining a comprehensive view of your assets. Assessing the value of your estate and ensuring the right documentation is in place is a first port of call (such as Wills, Lasting Powers of Attorney (LPA), and the formation of any relevant Trusts).

Valuing your estate

In order to establish the value of your estate, first calcu...


2020/21 tax year - know your numbers

Posted by siteadmin on Monday 29th of June 2020

2020-2021 Tax year Know your numbers

 

Whilst we would all probably agree that paying tax goes towards providing the important services we all rely on, no one needs to end up paying more than their fair share. Each year, the government announces the tax allowances and exemptions that we are entitled to and it makes sense to maximise their use in meeting our individual financial goals.

Here are a few figures worth knowing:

Personal taxation

At the Budget, the Chancellor’s main change to personal taxation was an increase in the National Insurance threshold to £9,500, which ...


Market Update - a look back at May 2020

Posted by siteadmin on Tuesday 2nd of June 2020

Market Update

Like April, the last working day of May saw global equity markets fall on the back of a reported press conference by Donald Trump on China, although it ended up not being as disruptive to trade and finance as had been feared.

 Despite this, global equity markets enjoyed gains in May lifted by optimism over the easing of lockdowns put in place to contain the coronavirus pandemic and economic relief efforts by Governments, the EU and the Federal Reserve and Congress in the United States.

 

 

 Weekly

 performance to 29

 Ma...


Be vigilant and scam smart

Posted by siteadmin on Tuesday 2nd of June 2020

Scams

Warnings from a number of UK bodies, including the Bank of England, Financial Conduct Authority, National Crime Agency and Action Fraud have urged people to be vigilant about scams by fraudsters who are taking advantage of people’s fears and capitalising on the COVID-19 crisis.

Huge increase in cases


Action Fraud has released figures showing that reports of scams had increased by 400% in March. The majority of reports concerned online shopping scams, with victims purchasing protective products (such as hand sanitiser or face masks) that ...


What is cashflow modelling

Posted by siteadmin on Thursday 28th of May 2020

“In this world nothing can be said to be certain, except death and taxes.”

Financial planning is all about preparing for those things that may not be so certain (and taxes). Plans should be reviewed regularly so they adapt to changes in your circumstances and reflect developments in the wider economy and financial markets.

Cashflow modelling, sometimes known as cashflow forecasting takes a view of investments, debts, income and expenditure. It takes in to account things like inflation, changes in income and interest rates.

It can then b...


Our expert advice can help reduce your mortgage stress

Posted by siteadmin on Wednesday 27th of May 2020

Moving home is known to be one of life’s most stressful events. In fact, a survey earlier this year, found the process can cause us more stress than other major life events such as having a baby, getting married, starting a new job or getting divorced.

Sorting out your finances


The biggest cause of worry for many is arranging finance for the move. First-time buyers need to save up funds for a deposit, as well as finding the right mortgage and an affordable property. Low- deposit mortgages and saving schemes, like the Help to Buy ISA (whi...


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