Financial Planning
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 […]
Posted in Financial Planning
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 […]
Posted in Financial Planning
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
Baby Boomer Generation: The Pros and Cons of Equity Release
While potentially struggling to cover general living expenses, many of the so-called baby boomers may have paid off their mortgage and find themselves sitting on a relatively valuable asset, their home. Consequently, there has been growing interest in equity release, but there are several pros and cons to consider before taking action. Two types […]
Posted in Financial Planning, Mortgage
What Are The Main Factors Which Will Impact House Prices In 2024?
The fact there is no real consensus on forecast house price movements in 2024 reflects the uncertain outlook for the UK. The Office for Budget Responsibility (OBR) believes UK house prices will fall by 4.7% in 2024. Interestingly, Savill’s is forecasting a fall of 3% across the UK and 4% in London, broadly in line […]
Posted in Financial Planning, Investments, Mortgage
What Can We Expect From Global Stock Markets In 2024?
As we have seen recently, predicting days or weeks in advance has been challenging for global stock markets, never mind 12 months into the future. As we approach the end of the year, often a time for reflection, it’s also a time to look to 2024 and at least be aware of expectations for global […]
Posted in Financial Planning, Investments
How are interest rates used to control the economy?
It is common knowledge that the Bank of England and other central banks use interest rates to control their economies. While not the only strategy central banks operate, it has been the go-to option for hundreds of years, a relatively blunt but effective instrument. In reality, using interest rates to control economies is a fine […]
Posted in Financial Planning
Understanding Credit Scores: Your Path To Better Credit
Many of us understand the concept of credit scores in the broader context, but very often, the devil is in the details. In this article, we will look at how the credit scoring system works and how you can boost your rating – improving your access to credit in the future. What is a credit […]
Posted in Financial Planning
Impact Of Inflation On Your Finances
Inflation has been in the news over the last couple of years, rising to double digits in the UK before turning down towards (hopefully) more manageable levels. This has prompted many people to consider the impact of inflation on their finances and whether they can protect their assets and investments in the future. In this […]
Posted in Financial Planning