The current tax year will end on 5 April 2020, a date when many allowances and tax breaks will reset. In some cases, it will be your last chance to use them. Making use of appropriate allowances can help you get the most out of your money. Our guide explains seven key allowances you should … Continue reading The 2020/21 end of the tax year guide
2020 was a year marked by volatility and uncertainty. With everything that was going on, you might think that investors finished the year with losses. Yet, world markets ended the year almost 13% up. It’s a reminder that while short-term volatility does happen, focusing on the long-term and your plans is important. The Covid-19 pandemic … Continue reading Investment market update: December 2020
10 motivational books to help you get the most out of 2021
What are your plans for 2021? Staying motivated when you’re working towards a goal can be challenging for everyone, but these ten books can provide a boost when you need it most. 1. Steve Jobs by Walter Isaacson You can learn a lot by delving into the history and mindset of leaders. In this case, … Continue reading 10 motivational books to help you get the most out of 2021
Is health insurance something you should consider?
As the NHS continues to battle the challenges of Covid-19, you may be considering taking out health insurance. The pandemic means many people are facing delays and unable to book appointments when they want to speak to a health professional due to backlogs and restrictions. Taking out private health insurance could provide you with an … Continue reading Is health insurance something you should consider?
When investing, it’s the performance and returns that are often the focus. Yet, more investors than ever are also considering ESG (environmental, social and governance) factors when deciding where to invest. As ESG investing grows, trends for 2021 are emerging. In 2020, investors placed nearly four times the amount of cash into responsible investment funds … Continue reading Top ESG trends for 2021
With interest rates low and investment markets experiencing volatility throughout 2020, you may be looking for an alternative place to put your money. Premium Bonds are an option you may be considering, but you could end up missing out on returns. What are Premium Bonds? Premium Bonds are a type of investment product issued by … Continue reading Are Premium Bonds a good place for your savings?
Have you started preparing for retirement yet? If you’re nearing this milestone you may have contemplated whether your pension will be enough and how you’ll create an income. It’s often the financial side of retirement that people focus on. It’s understandable why. Retirement is a big change to your income. But the lifestyle and emotional … Continue reading Have you prepared emotionally for retirement?
This year has meant cancellations and a need to rearrange travel plans thanks to Covid-19. Now, as vaccines have been unveiled, you may be thinking about where you can visit in 2021. Whether you hope to visit a destination you’ve visited before or somewhere new, the pandemic may influence your plans as it has done … Continue reading Travel trends for 2021
2020 has been an eventful year for investment markets. Impacted by the Covid-19 pandemic and government responses to this, there have been many valuable investment lessons that will apply in 2021 and beyond. As the extent of the pandemic became known in March, stock markets around the world suffered sharp falls. In fact, fears of … Continue reading What has 2020 taught us about investing?
Stock markets in 2020 have been characterised by volatility and uncertainty. If you’ve made financial decisions based on your feeling towards this, it could have cost you money. Whenever we make a decision, we have to weigh up the different options. While reasons and facts should be the basis for any decision you make, emotions … Continue reading Has financial bias cost you money this year?
Lasting Power of Attorney: Why is it something we put off?
Naming a Lasting Power of Attorney is something that we should all do. It’s something that can provide us with security if we’re unable to make decisions. While it’s often something that’s associated with being elderly, it’s just as important for younger generations to take this step too. A Power of Attorney gives someone you … Continue reading Lasting Power of Attorney: Why is it something we put off?
3 options for gifting money to children this Christmas
If you’ve yet to finish your Christmas shopping and simply don’t know what to buy for a child, a financial gift can last far longer than the latest fad. It might not be as exciting as unwrapping a toy, but at a time of year when they’re going to receive plenty of presents, money can … Continue reading 3 options for gifting money to children this Christmas
Why life expectancy matters when planning your retirement
When you’re looking forward to retirement, working out your life expectancy may not be something that’s on your mind. Instead, you’re likely to be planning how you’ll spend your time now you’ve reached the milestone. But life expectancy is an important part of retirement planning. Life expectancy is rising. And while pension age has increased … Continue reading Why life expectancy matters when planning your retirement
In October, there were signs of economic recovery from the impact of Covid-19. However, over the month, many countries have reimposed restrictions and, in some cases, full lockdown, to stem the spread of the virus. As a result, it’s expected that volatility and uncertainty will continue into winter. The International Monetary Fund’s (IMF) Managing Director … Continue reading Investment market update: October 2020
The tech that could transform your home this decade
When you think of your childhood home, what technology did it boast? While we don’t think too much about how homes change from year to year, tech and gadgets do influence our personal spaces and how we use them. It wasn’t too long ago that it was unheard of to have a computer in your … Continue reading The tech that could transform your home this decade
7 ways you can support charities to mark International Volunteer Day
The season for giving is here and there’s more than one way you can help communities and tackle wider issues. The 5th December marks International Volunteer Day. It mobilises thousands of volunteers lending their support to charities and other organisations every year. This year supporting charities is more important than ever. Lockdown restrictions mean some … Continue reading 7 ways you can support charities to mark International Volunteer Day
Revealed: the wellbeing and emotional impact of financial advice
It should come as no surprise that we believe financial advice adds real value to the lives of our clients. While the financial benefits of advice are often discussed, the value it can add in terms of wellbeing is sometimes overlooked but is just as valuable. The improvements to wellbeing that financial advice can offer … Continue reading Revealed: the wellbeing and emotional impact of financial advice
Retiring abroad: What does Brexit mean for your plans?
For many, retiring abroad is a dream. Enjoying your golden years in a sunnier country and experiencing a new culture certainly has an appeal. But with many retirement hotspots in Europe, Brexit could derail some plans and make moving to a new country far more difficult. Almost half are reconsidering retiring abroad due to Brexit … Continue reading Retiring abroad: What does Brexit mean for your plans?
Underestimating the amount you need in retirement: How a mid-life check can help
Do you know how much you need to save into your pension for the retirement you want? Millions of pension savers are underestimating how much they’ll need once they give up work. It’s a miscalculation that could lead to a retirement that doesn’t meet expectations. Even if retirement seems a long way off, a pension … Continue reading Underestimating the amount you need in retirement: How a mid-life check can help
As countries around the world eased lockdown restrictions, there are positive signs that economies are recovering following the Covid-19 pandemic. However, with new measures in place potentially for months, the virus continues to have an impact and the future remains uncertain. The Organisation for Economic Co-operations and Development (OECD) now expects the global economy to … Continue reading Investment market update: September 2020
5 apps that can help you learn something new every day
Want to learn something new but can’t seem to find the time to dedicate to it? Using an app on your phone is the perfect way to pick up small chunks of knowledge when it suits you. From listening during a commute to watching a quick video during lunch, it’s an excellent way to make … Continue reading 5 apps that can help you learn something new every day
Good Money Week: ESG and investment sustainability
Do you consider sustainability when making financial decisions? With Good Money Week starting on the 24th October, which aims to encourage people to think about sustainability when it comes to banking, pensions, savings and investments, now is a good time to learn more. While sustainability in finance is often associated with incorporating ethics and values, … Continue reading Good Money Week: ESG and investment sustainability
October is Free Wills Month, an initiative solicitors can be part of that offers free will writing expertise to over 55s to support charities. The key reason to write a will is to ensure your wishes are carried out, but did you know it could help you mitigate how much Inheritance Tax your estate will … Continue reading How a will can help you reduce Inheritance Tax
5 steps the self-employed should take to prepare for retirement
More people are becoming self-employed and it’s a step that’s been linked to improved wellbeing. But it can mean your financial security falls, particularly when looking ahead to retirement. For self-employed workers, it’s important to take steps that can ensure your financial security in the long term. According to research from the Institute of Fiscal … Continue reading 5 steps the self-employed should take to prepare for retirement
From 2028, you won’t be able to access your Personal Pension until the age of 57. The government’s decision could affect your retirement plans and it’s important to review what it means for your future. The government previously stated it intended to increase the age people could access their Personal Pensions, currently set at 55. … Continue reading Pension age rises to 57: What does it mean?
Most people require good financial advice at some point. It could be for pension planning, investments, family protection and inheritance tax planning. Research from the International Longevity Centre has revealed that on average, financial advice leaves people £40,000 better off compared to those taking no advice. The research looked at those taking financial advice … Continue reading Could You Be £40,000 Better Off?
You may have woke up this morning to a flurry of emails clogging up your inbox advertising the amazing savings retailers are offering for Black Friday. If you are looking for alternatives ways to save money, try these 3 simple things: Make a pension contribution. You can receive up to 45% pension tax relief for … Continue reading Black Friday – 3 Alternative Ways To Save Money
4 things you should be looking for in next week’s Budget
Chancellor of the Exchequer Philip Hammond will deliver his Autumn Budget next Wednesday (23rd November). The political backdrop means it is going to be a tricky balancing act. The government has a small majority, there have been high profile Cabinet resignations in recent weeks and Brexit negotiations appear to have stalled. All of these issues … Continue reading 4 things you should be looking for in next week’s Budget
John* approached us earlier this year as he wanted to consider his options regarding whether he should keep or transfer his Final Salary pension with Barclays. Enhance Financial Planning researched and analysed all the appropriate options and advised that John transfer the pension allowing the withdrawal of a large tax free lump sum and giving … Continue reading Barclays Final Salary Pension Transfer
Interest Rate Rise – What Does It Mean For Your Money?
The Bank of England raised interest rates by 0.25% to 0.5%, the first rise in more than a decade. This may seem like a small move; however, it will have an immediate impact upon personal finances. Those with mortgages and other borrowing will face higher costs but for those with savings it will offer some … Continue reading Interest Rate Rise – What Does It Mean For Your Money?
A recent study has revealed the worrying statistic that over a fifth of all people with multiple pensions have lost track of at least one, with some admitting to have forgotten the details of all of them. With around two thirds of UK residents having more than one pension, this amounts to approximately 6.6 million … Continue reading 4 Steps To Keeping Track Of Your Pension
A recent poll found that 45% of working people would retire immediately in return for a lump sum of £1 million or less. For £2 million, a larger amount of people (53%) would be prepared to quit the rat race for good. Two-thirds (66%) would quit on the spot for £10 million. Have you ever … Continue reading What Is Your Number?
3 Important Things To Consider About Investment Risk
The biggest risk is not taking any risk… In a world that’s changing really quickly, the only strategy that is guaranteed to fail is not taking risks.”– Mark Zuckerberg People often ask me this question – “where should I invest my money”? The simple answer is there isn’t a simple answer! I always start by … Continue reading 3 Important Things To Consider About Investment Risk
Each demographic cohort has its own name. Those born between 1980-2000 are called ‘Millennials’. If you were born between 1960-1980 you belong to ‘Generation X’. The most widely talked about generation, the ‘Baby Boomers’, were born during the years following the 2nd World War. You’ve no doubt encountered these descriptions before. However, have you ever … Continue reading Are You A Member Of The Sandwich Generation?
5 Easy Ways You Can Achieve Your Personal Financial Goals
Have you noticed how many people wear fitness trackers? Seeing a Fitbit around someone’s wrist is now a common sight. I’ve tracked my daily step count, sleep patterns and even my heart rate for a couple of years now and I’d like to think that I’m healthier and more in tune with my physical condition … Continue reading 5 Easy Ways You Can Achieve Your Personal Financial Goals
Enhance Financial Planning have today made available their new financial plan service. The Free Financial Plan will be packed full of useful information, tips and suggestions that you can immediately put into action that will enhance your personal financial situation. The Plan will focus on your goals and will give you step by step instructions … Continue reading Free Financial Plan
I had been saving into a pension for many years and had never really given much thought to how these funds would support me and my family in retirement. Having realised that I needed to seek advice I contacted Lee and arranged a meeting with him. I had built up a pension pot on my … Continue reading Mr S.B – Bristol
I met with Lee as I had money in the bank that was earning very little interest. I wanted to receive a steady income that would help supplement my pension income and allow me to enjoy my retirement. Before we discussed investments or financial products Lee began by asking me about my goals and the … Continue reading Mrs M.B. – Lichfield, Staffs