Do your parents have a financial plan? Part two.

This is the second of a series of articles about the difficult questions you need to be asking your elderly parents. In the first article, we looked at the importance of ensuring that there is a financial plan in place and the need to have a record of your parent's assets. As mentioned before this [...]

2020-07-08T14:52:33+01:00July 9th, 2020|News|

Questions to ask your parents about their finances.

One of the most difficult conversations you probably will have with your parents is what plans have they made for their financial future. It’s a balancing act between your parents feeling that they are not losing financial control and you being aware that they have some form of plan in place. All this while still [...]

2020-06-25T11:33:30+01:00March 26th, 2020|News|

Tax allowances. In the Chinese year of the “Rat”!

By Rachel Efetha, Chartered Financial Planner with Anstee & Co. Having just had the Chinese New Year on Saturday 25th January, the festival traditionally will last to February 8th, about 15 days in total. The dates change every year because the festival is based on the Chinese Lunar Calendar. This calendar is associated with the [...]

2020-01-21T15:44:15+00:00January 27th, 2020|News|

“How do I get a divorce?” Don’t google it.

By Rachel Efetha, Chartered Financial Planning with Anstee & Co. Happy New Year!  Not so happy for some…  January is traditionally the month I write about divorce, given that Google is reporting a 230% increase on last month on ‘ how do I get a divorce ’.  Obviously, it’s important for divorcing couples to get [...]

2020-01-22T17:45:49+00:00January 20th, 2020|News|

Inheritance Tax: This is what you need to know.

By Samantha Clarke, Chartered Paraplanner with Anstee & Co. Inheritance Tax (IHT) is paid on the value of the assets that a person leaves behind when they die.  It can also apply to some gifts that are made before someone dies. If you are married or have a civil partner, you can leave the entire [...]

2020-01-22T17:44:28+00:00January 13th, 2020|News|

Retirement planning? Call in the builders?

A recent survey undertaken by Saga Home Insurance into retirement planning found that many United Kingdom residents, who had recently retired, were planning major home improvements. It’s only natural that you would want to make home improvements now that you will be spending more time in your home during your retirement. How long are you planning [...]

2019-11-14T16:57:36+00:00November 25th, 2019|News|

Inheritance tax receipts keep rising. Need you pay?

Exceptionally high levels of stamp duty are reported to be discouraging house sales and in particular discouraging older people from downsizing. Stamp duty on the sale of a £2 million home will amount to £153,750 and on a £600,000 home to £20,000. The government is also benefitting from increased receipts from inheritance tax (IHT) which [...]

2019-12-10T15:07:52+00:00November 18th, 2019|News|

Is marriage the greatest tax planning strategy ever?

Many financial advisers will claim that marriage is – “The greatest tax planning strategy ever invented”. This might not seem very romantic but is it true? Inheritance Tax (IHT) is perhaps the biggest benefit. Unmarried couples can only pass assets to each other free of tax up the value of the “nil rate band” of [...]

2019-10-15T16:53:56+01:00October 14th, 2019|News|

Lifetime Allowance. Could you be subject to the tax charge?

By Andy Pardoe, Compliance Officer at Anstee & Co.  The lifetime allowance is the overall limit of pension funds a member can build up during their lifetime before a tax charge applies. If you should go over this limit, you will pay a tax charge on the excess whenever you take income, withdraw a lump [...]

2019-09-26T10:43:09+01:00September 23rd, 2019|News|

Investment Risk. What do I need to know?

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, [...]

2019-08-14T09:25:35+01:00August 22nd, 2019|News|