Author: Lloyd Kafton

 

Tips To Save For Retirement

Tips To Save For Retirement

When looking at retirement, our attention is naturally drawn towards pensions, which, for many people, will be their largest source of income in later years. However, there are other ways to save for retirement in a cost-effective and tax-efficient manner. As with any savings/investment plan, the sooner you start, the greater the potential returns.   […]
Time: Is This Your Most Valuable Investment Commodity

Time: Is This Your Most Valuable Investment Commodity

While we live in a world of cutting-edge technology, new investment classes, and volatile markets, it may seem strange to suggest that time could be your most valuable investment commodity. Only when we investigate further does the actual value of time become apparent.   The value of time We will now examine different scenarios that […]
Posted in Investments
What Are the Tax Implications of a Director’s Loan Account?

What Are the Tax Implications of a Director’s Loan Account?

While there are encouraging signs that the UK economy is recovering, there may still be some challenges ahead in the next few months. In these difficult times, many directors will look towards their director’s loan accounts as a form of emergency income as and when required. This is one of the benefits of a limited […]
Investments, Income and Reducing Your Tax Bill

Investments, Income and Reducing Your Tax Bill

As night follows day, come the end of March and beginning of April each year, you will see many investors busy reorganising their investments, looking to reduce their tax liabilities. While you can take numerous actions in isolation, in many ways, it is the long term cumulative impact that is most important. We will now […]
Posted in Investments
The Benefits of Executive Income Protection

The Benefits of Executive Income Protection

While there are several benefits to executive income protection insurance, many businesses are forced to balance the cost against the potential financial advantages. The keyword here is “potential”, which can sow the seeds of doubt about the full benefits. It is, therefore, no surprise to learn that many businesses are not covered by what can […]
Why Are US Style 30-Year Fixed-Rate Mortgages Not Commonplace in the UK?

Why Are US Style 30-Year Fixed-Rate Mortgages Not Commonplace in the UK?

The US and UK mortgage markets are well-developed but vary significantly. For example, US mortgage funding in 2021 hit $4.4 trillion, while UK mortgage funding was just over £315 billion. So even though both markets are incredibly liquid, they each have different characteristics. Full-term fixed-rate mortgages are more prevalent in the US, while the UK […]
Posted in Mortgage
Tax Freedom Day: Working 169 Days to Pay Taxes

Tax Freedom Day: Working 169 Days to Pay Taxes

You may not have heard of Tax Freedom Day, but one thing is sure: after reading about it, you will recognise the importance of tax planning. In summary, Tax Freedom Day is an annual calculation carried out by the Adam Smith Institute demonstrating how many days a year we need to work to pay our […]
Empowering Future Generations with Financial Education

Empowering Future Generations with Financial Education

Only recently, the UK government announced plans to ensure financial education becomes part of the school curriculum. In reality, elements of financial education have crept into other topics, such as maths, but this topic should stand alone. Even though the authorities are taking the lead concerning schooling, there is still a significant role for parents […]
Key Person Insurance: If You Can’t Spot the Key Person in Your Business, Maybe It’s You?

Key Person Insurance: If You Can’t Spot the Key Person in Your Business, Maybe It’s You?

Insurance policies are a critical component of both personal and business life. While public liability and professional indemnity policies are well-known and widely used, there is another policy that is often overlooked but can prove to be indispensable for your business: key person insurance. This type of insurance provides protection in the event of a […]
Posted in Insurance
Mortgage Pressures Linked To Increasing Mental Health Issues

Mortgage Pressures Linked To Increasing Mental Health Issues

In light of the US subprime mortgage market crash of 2008/9, UK base rates fell to historic lows before beginning a relatively steep upturn and (hopefully) peaking at 5.25%. Consequently, the last 15 years have seen rates that do not reflect historical averages.  To put this into perspective, between 1971 and 2023, UK base rates […]
Posted in Mortgage