Employee Benefits - could you be offering more?

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...


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...


The financial implications of divorce

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...

Three questions you need to ask yourself when it comes to life insurance

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 ...


Mortgage holidays: all you need to know

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...


Tax Planning - making the most of your tax allowances

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...


Five things to consider and five things to avoid when buying your first home

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...


Spending and Budgeting

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...


Gifting at Christmas - or any other time

Posted by siteadmin on Monday 25th of November 2019

Think before giving a generous Christmas gift (or at any other time …)

We all want to treat our loved ones, especially when it comes to Christmas or Birthdays.

Perhaps you’re a grandparent wanting to give an extra special gift to your grandchildren this Christmas or a new parent wanting to create a nest-egg (to gather interest) they’ll enjoy when they’re older.

Whatever the reason for your gifts this Christmas - and whoever the recipient - it’s important you’re making the most of your money. To do this, you need to be aware of the tax imp...