Monthly Archives: February 2024
Adapting Your Financial Goals As You Get Older
Living today while planning for tomorrow is the eternal financial balancing act. But unless you know what you are trying to achieve, how will you know when you get there? How would you define financial success? From the beginning, it is crucial to recognise that your financial goals are not set in stone; they can […]
Posted in Financial Planning
Boost Your Wealth: Unleashing the Power of Income and Investment Tax Breaks
When looking to maximise your income and investment returns, it is essential to fully use tax allowances and tax breaks. While the government will often tweak and change various elements of the tax system, we have rarely faced the level of change seen since September 2022. In less than 18 months, we have had a […]
Posted in Financial Planning
Shielding Pension and Trust Assets from Inheritance Tax
Before we look at ways of structuring asset ownership to minimise inheritance tax, it is essential to address one common misconception. People will often talk about tax evasion and tax avoidance (management) simultaneously. Tax evasion is an illegal method of minimising your tax liability, while tax avoidance is a legal method of reducing your potential […]
Posted in Pensions
Using Life Insurance To Pay Off Joint Debts
Life insurance and a spouse’s or partner’s passing are not subjects that are easy to discuss at the breakfast table. But unfortunately, many people put off these discussions only to find they are left financially exposed if the worst happens. The concept of using life insurance to pay off joint debts is not new – […]
Posted in Insurance