Interest only mortgage? What are your repayment options?

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 [...]

2019-08-21T12:49:17+01:00 August 19th, 2019|News|

Financial Life Planning. Do you need a plan?

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 [...]

2019-08-07T12:42:28+01:00 August 12th, 2019|News|

Investment Fraud. What to look out for.

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 [...]

2019-07-25T13:22:56+01:00 August 1st, 2019|News|

Tax return: Don’t miss your July deadline!

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 [...]

2019-07-25T16:22:03+01:00 July 29th, 2019|News|

Estate planning. What is legal and what is not

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 [...]

2019-07-23T14:57:33+01:00 July 25th, 2019|News|

Finding ‘The One’ in later life may prove expensive?

Getting remarried in later life can impact your financial plans. By contrast, younger people are now less likely to marry, while marriage rates for men over the age of 60 and women over the age of 50 are increasing. These figures show that people are also choosing to cohabit either as a forerunner to marriage [...]

2019-07-25T12:17:59+01:00 July 18th, 2019|News|

Later Life: How to fund long-term care.

If you are researching how to pay for long-term care, for yourself or a loved one, then we can help you. We are a firm of Independent Financial Advisers (IFA’s) that specialise in Later Life issues, offering unbiased expert advice. How will an Independent Financial Adviser help? As a firm, we have a team that [...]

2019-07-24T16:54:19+01:00 July 11th, 2019|News|

Property wealth is used to clear unsecured debts.

First of all, for many people entering retirement with a reduced income, budgeting to pay for existing mortgage and credit card debts can be hugely stressful. Often people will continue working longer than they planned or consider drastic and unnecessary changes to their lifestyle by selling up and moving to a cheaper property. Figures show [...]

2019-07-24T16:51:21+01:00 July 4th, 2019|News|

Pension. Should I rely just on the State Pension?

Many people perceive pensions to be overcomplicated. However, the basic principle is a simple one. First of all, it is worth understanding the benefits of saving into a pension scheme and not just relying on the State Pension. The State Pension will provide you with a foundation, but for most of us, it may not [...]

2019-05-31T09:25:35+01:00 June 17th, 2019|News|

Lasting Power of Attorney. A surge in popularity.

More and more people are looking for the protection given by a Lasting Power of Attorney. As the United Kingdom population gets older and the fear of family disputes increases, it has led to a rise in people handing over their financial affairs to friends or family members in case they should fall ill. Figures [...]

2019-06-26T18:43:00+01:00 June 3rd, 2019|News|