So, what do you need to know about Investment Risk? As a firm of Independent Financial Advisers, we always discuss at some length your Attitude to Investment Risk and in particular, the relationship between risk and reward and time. The more risk you are prepared to accept; the greater the long-term rewards will often be, [...]
Many people may struggle to repay their interest-only mortgage when it comes to the end of its term. A large number of interest-only mortgages were sold in the 1990s and early 2000s. They were often linked to endowment savings plans. These plans were designed to generate a tax-free lump sum to repay the mortgage. Some [...]
By Andie Derry, Client Support at Anstee & Co. Kettering Jane and I visited the "Dementia Sings Out" choir, based in Wellingborough, to see what goes on and what the members get up to every Thursday. When the choir was singing and dancing to songs such as ‘Stand by Me’ and ‘Higher and Higher’ you [...]
So, why should you complete a Financial Life Plan and regularly review it? People do not buy pension plans because they want a pension plan! What they want is the lifestyle a pension can bring. Financial Life Planning looks at the purposes for which you want to use your money. Our Financial Designers discuss with [...]
So, what are they? A trust is a legal arrangement where you give property, investments or cash to someone else so they can look after them for the benefit of a third party. An example of this would be if you put some of your savings aside in a trust for your children. The roles [...]
There are many ways to reduce your capital gains tax (CGT) liability. In this article, we will look at some of the most common options available to you. Make the most of your £12,000 (2019/20) annual CGT exemption. A "reported loss" on a "chargeable asset" can be deducted from the capital gains you made in [...]
We are being attacked from every direction by fraudsters, including, investment scams. Below are details of how to protect yourself from investment fraud. Stopping Investment Fraud First of all, according to the Financial Conduct Authority (FCA) of which Anstee & Co are registered, victims of investment fraud lost on average £29,000 last year (2018). One [...]
The tax office is very good at highlighting the need to get your tax return submitted by the end of January each year. We cannot miss those television and newspaper ads. But when it comes to the 31st of July, Her Majesty’s Revenue and Customers (HMRC) is very quiet. When is a July tax return [...]
So what is legal and what is not when it comes to estate planning? For a long time, there was a clear distinction between tax avoidance and tax evasion. Tax avoidance being legal and tax evasion being illegal. Since the banking crash in 2008, the Inland Revenue has taken strong measures to discourage what it [...]
By Rachel Efetha, Chartered Financial Planner. Personal Finance Society Mentoring Scheme When the Personal Finance Society (PFS) approached me a few weeks ago about joining their Mentoring Scheme, I originally thought ‘Great idea – I could do with a Mentor!’ until the penny dropped... I'm in the top 15% of Financial Advisers in terms of [...]
