BlogWhy it’s important to have a will
If you haven’t got a will, you don’t have control over what happens to your money and assets after you die. That means your wealth won’t go to your chosen beneficiaries, and could cause lots of lengthy and costly legal issues for the loved ones you leave behind. Here are our top reasons why you
Do you know where your old pensions are?
It’s worryingly easy to lose track of old pensions, many of which will be worth considerable sums of money and could make a big difference to your retirement. But the fact is, a huge number of people are losing touch with these pots of cash as time passes. For example, many people will know that
November market commentary
Introduction Where did we leave the soap opera that is British politics? At the end of September, Liz Truss was the Prime Minister, and Kwasi Kwarteng was her Chancellor. As we reported last month, Kwarteng presented his ‘fiscal statement’ on Friday 23rd September. Three weeks later, he was gone and Liz Truss had to endure
What are gilts?
The recent Mini Budget, a £45 billion tax cutting package, paid for by increased public borrowing, led to panic among many investors and a run on Britain’s pension funds. As a result, the Bank of England was forced to step in to stop a collapse by pledging to buy around £65 billion of long-dated gilts.
Tax cuts reversed
Jeremy Hunt, the new chancellor, has confirmed that nearly all the tax measures announced in the Growth Plan on September 23rd are to be reversed. Only the cuts to stamp duty paid on house purchases and the scrapping of the National Insurance hike will continue. However, all the tax measures that have not started parliamentary
Autumn Mini Budget Overview 2022
So what was it? A ‘fiscal event’? A Mini Budget? Or a full-blown Budget from a new Chancellor determined to take the UK in a very different direction from previous occupants of 11 Downing Street? As we will see in more detail below, reactions to the measures introduced by Kwasi Kwarteng on Friday September 23rd
Will the cost of living crisis mean we all go back to cash?
As the writer Mark Twain supposedly said, “Reports of my death are greatly exaggerated.” Could 2022 be the year that cash says the same thing? Many clients reading this will remember the traditional method of budgeting used by their parents or grandparents: a pot for gas, a pot for electricity, one for food, another for
The outlook for the UK’s small businesses
The new Prime Minister’s in-tray is overflowing. Inflation, the cost of living crisis, war in Ukraine, US/China tensions but buried under all that paperwork is, hopefully, another sheet of A4. One that’s absolutely vital to the country’s economic health, that will play a crucial part in our eventual economic recovery; the UK’s small businesses. Of
Teach your kids good financial habits as they head to uni
You’ve worked hard to be able to afford to send your child to university, and now the time has come for them to fly the nest and strike out on their own. So naturally, you’ll want them to start their adult life with good financial habits. Here are a few bits of wisdom you could
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What is the state pension triple lock?
December 14th, 2022• Comments Off on What is the state pension triple lock?• Posted By Greenwood
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