When undertaking a financial planning review with our clients our financial planners often talk about different asset classes. So what do they mean? Below is a brief overview of what these asset classes do. Some asset classes are better for income while others come into their own when you are looking for capital growth. Some [...]
By Rachel Efetha, Chartered Financial Planner, based in Bedford, Bedfordshire. According to the insurer, LV= the UK worker will change jobs every five years on average. Assuming you have a new pension for every job, the average 40-year-old will have accumulated five Pensions. Below are the top three reasons why you should review your existing [...]
So, what is equity release? Firstly, equity release is designed for homeowners aged 55 and over to release money from the property they live in without having to make any regular repayments. There are two types of equity release- Lifetime Mortgages and Home Reversion Plans. Both are regulated by the Financial Conduct Authority. Using any [...]
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 [...]
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, [...]
So, what is a Trust? 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 [...]
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 [...]
By John Cossons, Mortgage and Protection Designer at Anstee & Co. Firstly,what is a Green Mortgage, and should I have one? A green mortgage is meant to increase the appeal of owning a green, or energy-efficient, property. On top of the savings, you'll make on your energy bills each month. Also, the idea is that [...]
Free downloadable tax rates for 2022/23 This free pdf download of the Tax Rates 2022/23 has all the key tax information you will need for the current tax year. If you would like help with any of your financial planning, why not contact us. Our financial advice is unbiased and independent. Click the tab below- [...]
By Barnes Gladman, Financial Designer with Anstee & Co. Inheritance tax (IHT) is paid on the value of a person’s estate when they die. However, after a lifetime of paying taxes and making provisions for the future, a 40% charge on assets upon death can be difficult to accept. With years of house price rises, [...]
