Be prepared If you are a business owner, succession planning and insurance are important. Business succession planning is simply the process of planning for what you want to happen if you (or your co-owner, if you have one) were to die or fall seriously ill. If this happens, family and business partners can be […]
An annual survey from major investment manager abrdn has provided a snapshot of people who have or plan to retire in 2022. Wherever you are in your retirement planning, the research offers an interesting insight. When do you plan to stop working? Whatever answer you give, the recent survey of 2,000 people who were either […]
Higher rate taxpayer numbers are rising sharply, and if that’s you, then professional financial advice is now more important than ever. There was once a time when paying tax at more than the basic rate made you a member of a somewhat select club. In 2010/11, the first year in which additional rate tax was […]
In theory, high inflation should mean high interest rates for student loans. But it is not that simple. The Retail Prices Index (RPI) is no longer used as a National Statistic, but the government still finds uses for the index when the results work in its favour (because it is usually higher […]
With inflation edging ever closer to double digits, the way you think about investment returns may need to change. From January 2000 to the start of this year, inflation, as measured by the Consumer Price Index (CPI), averaged 2.3%. Over that period, it had briefly risen above 5% three times – in 2008, 2011 and, […]
The tax benefits of ISAs can extend to inheritance tax. Individual Savings Accounts (ISAs) have three major tax advantages: 1. No UK income tax liability on UK dividends and interest. With frozen tax bands and allowances plus an increase in dividend tax rates for this tax year, that tax freedom is more valuable than ever. […]
