Posted by siteadmin on Monday 2nd of November 2020
Planning for your retirement is an important part of securing your financial future. Pensions are a crucial part of that planning, as they can provide you with the income you need in your later life to cover your expenses and enable you to continue to do the things you love.
It’s never too early to start thinking about and planning for your retirement. Once you have a plan in place, it’s essential to test it to ensure it’s the right plan for you and your needs.
You can use our pension shortfall calculator to help yo...
Posted by siteadmin on Thursday 1st of October 2020
Planning for your secure financial future can be complex and confusing. There’s so much to think about and focusing your mind on what’s most important to you can be difficult.
Everyone’s plan is different, and it should be tailored to your individual circumstances and financial goals.
Here are eight key questions you can ask yourself when planning for your financial future, to help you to focus your efforts and decision making towards what is right for you:
- What does your perfect financial future really look like? – or what don’t you wa...
Posted by siteadmin on Tuesday 1st of September 2020
Employee benefits refer to the extra incentives provided by employers, in addition to a worker’s standard salary or wage. They provide a great way of ensuring teams feel valued, and are designed to promote employee satisfaction and wellbeing.
Some benefits are legally required, but often, additional benefits are added to employer offerings.
Core, legally required, benefits include:
Additional employee benefits you could be offering
In addition to the legally required benefit...
Posted by siteadmin on Friday 7th of August 2020
Preparing for your financial future – including creating a savings plan, a long-term budget and long-term financial goals – can be challenging. Many believe it’s too early to think about pensions and retirement, and often may be too busy ‘living in the moment’ to consider or prepare for their financial future.
Living spontaneously and vicariously is a perfectly acceptable way to enjoy life; however, it’s important to spend a little bit of time preparing for the future at the same time. It may seem unnecessary or too early for some, but begi...
Posted by siteadmin on Tuesday 7th of July 2020
The financial implications of divorce
Divorce is emotionally-complex and often accompanied with difficult financial implications.
There is a lot to think about and your decisions can have a long-term impact on your financial future.
If you’re getting divorced, you need to see the real picture which can be tricky when you’re in such a highly-charged emotional situation.
The key to a ‘good divorce’ is usually to achieve a settlement that:
- Makes clear financial sense
- Has limited tax implications
- Is in the best interests of both parties...
Posted by siteadmin on Wednesday 27th of May 2020
“Life insurance isn’t often top of the agenda for families when it comes to ensuring finances are in order, despite it being an incredibly important consideration to make. To ensure your family are provided for – should the worst happen – it’s vital to have the most suitable life insurance policy in place.”
Nicola Whateley, Director and Independent Financial Adviser at Whateley Wealth Management.
Life insurance refers to an insurance policy which ensures that, if the worst were to happen, a lump sum or schedule of regular payments will ...
Posted by siteadmin on Friday 3rd of April 2020
With the possible financial hardship that the measures imposed due to COVID-19 may induce, the ability to afford mortgage payments is a concern for many.
If you need to press the pause button on your mortgage payments, this may be possible through a mortgage holiday. Although each lender has their own unique requirements and revised terms and conditions are being drawn up currently, a mortgage holiday could be a consideration to relieve a degree of financial worries.
What is a mortgage holiday?
A mortgage holiday refers to an agreement wi...
Posted by siteadmin on Tuesday 11th of February 2020
With the deadline of the self-assessment tax return having just passed, you may be contemplating how you can plan carefully to make the most of your tax allowances in the new financial year.
A tax allowance refers to money which is exempt from your total taxable income.
Here are some key ways in which you can make the most of tax allowances:
1. Utilise ISAs
ISAs such as the Help-to-Buy or Lifetime ISA can carry significant tax allowances.
Each financial year, you can pay up to £20,000* into any ISA without being subject to tax on the...
Posted by siteadmin on Thursday 2nd of January 2020
Five things to consider and five things to avoid when buying your first home
Securing a mortgage and buying your first home is an incredibly exciting yet daunting time. The house-buying process can sometimes feel like a minefield of legal proceedings and spending excessive amounts of money. However, the process doesn’t have to be difficult – here’s five things that you should consider and five things that you should avoid when buying your first home.
Five things to consider:
1. Planning for a deposit
Typically, the deposit for a hou...
Posted by siteadmin on Friday 13th of December 2019
Are you taking responsibility of your spending?
Taking responsibility of your spending means living within your means and not spending money you can’t really afford. Essentially, this comes down to making sure you have less outgoings than your net income to ensure that all financial responsibilities, such as bills and other necessities, are taken care of.
Being financially responsible doesn’t mean you can’t spend your hard-earned money. It’s still possible to spend money on things you enjoy, the key is budgeting effectively. Plan firstly f...