January – February 2018 Magazine

Jan 16, 2018 | Magazine

Welcome to our first edition of 2018. The New Year is the perfect time to overhaul your life for the better, and one excellent place to start is by making solid financial resolutions that can help get you closer to your money goals, whether it’s increasing your retirement provision, looking to mitigate a potential Inheritance Tax bill or reviewing your level of protection in the event of an unexpected event.

We’ve now entered a new age of retirement planning with the introduction of pension freedoms. Thinking about pensions sooner rather than later can mean the difference between a comfortable retirement and struggling to make ends meet. We provide seven pension tips for nurturing your nest egg in 2018.
A new tax year is nearly upon us – and that means, for all diligent savers and investors, it’s important to make sure that you take full advantage of your current Individual Savings Account (ISA) tax-efficient allowance. And the good news is you don’t even have to declare any investments held in ISAs on your tax return. This may not seem like much, but if you have to file an annual tax return, you’ll know that any way of simplifying your financial administration can be very helpful.

Regardless of the life stage you have arrived at, it is important to receive expert and professional advice on your pension plans and requirements. However, the UK’s middle-aged workers could be sleepwalking into retirement poverty. Four in ten people aged between 40 and 65 cannot accurately estimate their total pension savings for retirement.

Writing a Will may seem daunting – and with everything else we should be thinking about, it becomes just another chore on the New Year to-do list. But writing a Will is fundamental to the financial planning process. It answers one of our most basic desires – to make financial provision for all those that we hold dear.

CONTENTS

  • Making solid financial resolutions
    Grow your money and live the life you want
  • Reach your financial goals
    Helping you realise your retirement vision
  • Will you make provision for all those you hold dear?
    Getting your affairs in order and planning what you want to pass on to loved ones
  • Sleepwalking into retirement
    Lack of pension knowledge among UK adults
  • ‘Sandwich’ generation
    Not having enough money for retirement is the biggest concern
  • ISA returns of the year
    Taking control over where your money is invested tax-efficiently
  • Do you have a financial back-up plan this year?
    Be prepared if life throws something unexpected your way
  • Planning the future you want
    Pension freedoms bring optimism and adventure to retirement
  • Pensions in divorce
    Preparing for an independent future should a relationship break down

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INFORMATION IS BASED ON OUR CURRENT UNDERSTANDING OF TAXATION LEGISLATION AND REGULATIONS. ANY LEVELS AND BASES OF, AND RELIEFS FROM, TAXATION ARE SUBJECT TO CHANGE.

THE VALUE OF INVESTMENTS AND INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.

PAST PERFORMANCE IS NOT A RELIABLE INDICATOR OF FUTURE PERFORMANCE.

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