The conflict in Ukraine is continuing to affect markets and economies around the world. According to a report from the Kiel Institute of the World Economy, the war led to global trade falling 2.8% between February and March. The effect has led to the International Monetary Fund (IMF) downgrading its global growth forecast too. In … Continue reading Investment market update: April 2022
To mark the Platinum Jubilee celebrations, the BBC and The Reading Agency have created a list of 70 books from authors across the Commonwealth published during the Queen’s reign. The list is packed with well-known titles and some you may not have come across before. Dive into these 10 options to explore a new culture, … Continue reading 10 fantastic books from the Commonwealth to read to celebrate the Platinum Jubilee
Direct debits arrived in the UK in 1964 as a paper-based system. They’ve become essential for managing household outgoings and almost 9 in 10 British adults have at least one direct debit commitment. Now, “Open Banking” will change the way you make payments, and it could provide you with far more flexibility, including through the … Continue reading Swift payments are coming to banking. Here’s what you need to know
Do you have a Lasting Power of Attorney (LPA) in place? If you don’t, it could leave you in a vulnerable position if you’re unable to make decisions for yourself, such as after an accident or illness. Losing the mental capacity or ability to make decisions for yourself is something no one likes to think … Continue reading 80% of over-55s don’t have a Lasting Power of Attorney in place. Overlooking this could place you in a vulnerable position
When you’re nearing retirement there are a lot of big decisions you need to make. From when to retire to how much income to take from your pension, how long you will spend in retirement is a crucial piece of information. And it’s not something you should put off thinking about until you’re ready to … Continue reading Revealed: How long will you spend in retirement as more people than ever reach 100?
Getting the most out of retirement and reaching your goals requires planning. Not thinking about your post-work years until you reach that milestone can mean that a retirement that promised much, falls short. While you might daydream about giving up work, pinning down the details, from your lifestyle to your income, means you’re more likely … Continue reading The useful guide to reaching your retirement goals
Throughout March, the war in Ukraine continued to dominate headlines and affect investment portfolios around the world. Many companies, from well-known businesses like L’Oréal and Coca-Cola to smaller firms, have withdrawn operations from Russia, including online sales. Others, such as Unilever and Nestlé, have halted investment in the country but are continuing to provide some … Continue reading Investment market update: March 2022
Over the last two years, investors have experienced a lot of volatility. If you’ve been tempted to change long-term plans, data can highlight why you shouldn’t panic. At the start of the Covid-19 pandemic, markets fell sharply, and investors continued to experience volatility as the situation and restrictions changed. Just as things were slowly getting … Continue reading 3 interesting pieces of data that show why you shouldn’t panic during market volatility
A will is the only way for your wishes to be legally enforceable when you pass away. However, it’s becoming more common for families to dispute wills. So, what can you do to ensure your will is upheld? In most cases, a will is followed, and families will respect the wishes of the deceased. But … Continue reading Will disputes are on the rise. 3 things you can do to minimise the chances of your wishes being challenged
Throughout February, tensions between Russia and western countries caused concern for investors. As Russia invaded Ukraine, stock markets around the world fell and it’s expected that volatility will continue. If you’re an investor, remember to keep a long-term outlook when reviewing your portfolio, and if you have any questions, we’re here to help you. UK … Continue reading Investment market update: February 2022
ESG investing means considering environmental, social, and governance factors when deciding how to invest. ESG investing continues to grow and more investors are considering how they reflect their values in financial decisions. It covers a broad range of areas, but here are some of the trends that are set to affect ESG investing this year. … Continue reading The ESG investment trends to watch out for this year
Official figures show that the amount paid in Inheritance Tax (IHT) has increased again. As the IHT thresholds are set to remain the same despite rising inflation, more people will need to consider how IHT could affect what they leave behind for their families. According to a report in FT Adviser, IHT receipts between April … Continue reading Inheritance Tax receipts rise again. What can you do to minimise the bill?
Given the current situation in Ukraine, we understand that you may have concerns and questions about what it could mean for you and your financial plan. You may be tempted to change your financial position as financial markets experience volatility. However, in most cases, doing nothing and sticking to your long-term financial plan is the … Continue reading Investment update from Enhance Financial Planning
In 1793, a vast army of the French First Republic locked horns with a combined force of Royalists and their foreign allies at the port city of Toulon. It was in this battle that a young artillery officer caught the attention of his superiors, demonstrating not only a high level of organisational skill, but also … Continue reading Guide: 5 important lessons that Napoleon can teach you about growing your wealth
While many countries have now eased Covid-19 restrictions, the knock-on effects of lockdown continue to affect economies, businesses, and households. According to the Organisation for Economic Co-operation and Development (OECD), inflation in the 38 richest countries has reached 5.8% – a 25-year high. The findings also highlight the driving forces behind inflation rates. If food … Continue reading Investment market update: January 2022
20 March 2022 marks the United Nation’s (UN) International Day of Happiness. After two years of challenges due to the Covid-19 pandemic, looking after your wellbeing has never been more important. The annual International Day of Happiness is a global celebration to promote the idea that happiness is a fundamental human goal and calls for … Continue reading International Day of Happiness: What could we learn from Bhutan?
After more than a decade of low interest rates, the Bank of England (BoE) has suggested that it will continue to gradually increase its base rate. With savers suffering from low returns, is that good news? In December 2021, the BoE increased its base rate from 0.1% to 0.25%. While still very low compared to … Continue reading Is the interest rate rise good news for savers?
As you start to put winter behind you, you may be thinking of giving your home a spring clean or the projects you want to take on over the next few months. As you do, don’t forget to think about your finances. Regularly reviewing your finances and plans for the future can help keep you … Continue reading 8 things to do to give your finances a spring clean
When thinking about how parents will split their assets between children, it’s often assumed wealth will be evenly distributed. However, a survey suggests that, for a variety of reasons, a significant proportion of inheritances may not be. According to a report in Money Age, just 55% of UK adults plan to split their wealth equally … Continue reading Only 55% of people want to split their estate evenly between their children
If you’ve yet to retire, you may give little thought to the State Pension. But the government is currently reviewing it, which could mean millions of people will need to wait longer than expected until they can claim it. The State Pension Age is now equalised for men and women and is currently 66, but … Continue reading State Pension Review: Why it matters to your retirement plans
As 2021 drew to a close, the Covid-19 pandemic and its consequences continued to affect economies. The first case of the Omicron variant was reported in South Africa at the end of November 2021. It quickly spread and some counties began to reintroduce restrictions and offer booster vaccine shots. As before, the measures taken to … Continue reading Investment market update: December 2021
The 2021/22 tax year ends on Monday 5 April 2022. This is the date when many allowances reset, and it could be your last opportunity to make use of some of them. Keeping track of how you’ve used your allowances can reduce your tax liability and help you boost your wealth. Reviewing your finances ahead … Continue reading Your complete 2021/22 end of tax year guide
Despite the pandemic, the property market continued to move in 2021. Thousands of families purchased their first home, moved up the property ladder, or decided to invest in property during the year. Here are a few of the key events and figures that highlight what happened in the property market in 2021. A Stamp Duty … Continue reading What happened in the property market in 2021?
When you think about writing or updating your will, who you want to benefit from your estate is often the first consideration. However, just as important is how you want to split up the assets you have. There are several options to think about. A will is the only way to make sure your assets … Continue reading 7 different ways you can leave gifts in your will
For almost two years, the Covid-19 pandemic has had a significant impact on lives around the world. From health concerns to restricting social gatherings, the pandemic may have led you to question plans you’ve previously set out. According to a survey conducted by Aviva, almost 6 in 10 people agree that the pandemic has made … Continue reading 59% of people say the pandemic has made them question their priorities. Has it affected your plans?
If you’ll be retiring this year, you may be looking forward to more free time to focus on what you enjoy. As you start making plans, you need to set out your expectations and how you’ll create an income. To do that, a bit of planning is required, and these eight steps are a great … Continue reading 8 things to do if you’re retiring in 2022
If you’re creating a financial plan as a couple, you should consider the effect one of you passing away could have. If one person’s income or assets are vital for the household’s financial security, it could leave the other in financial difficulty should they pass away. One of the questions couples sometimes ask is: “Will … Continue reading 5 steps that could provide financial security for your partner if you pass away
A new variant of Covid-19, dubbed “Omicron”, is affecting some countries around the world, and it could lead to further restrictions in the coming months. The variant comes as supply chain issues caused by the pandemic continue to affect businesses and households. UK The UK’s latest GDP figures suggest the economy is lagging behind other … Continue reading Investment market update: November 2021
4 in 10 people are worrying about the impact Inheritance Tax (IHT) could have on the legacy they leave behind, according to Canada Life research. Yet, despite these concerns, just 20% are taking steps to reduce liability and only 7% seek professional advice. With a standard rate of 40%, IHT can mean a hefty tax … Continue reading 40% of people worry about Inheritance Tax, but only 7% seek advice
You may have seen inflation in the headlines recently. While the cost of living rising is normal, the rate of inflation has increased over the last few months. The Bank of England (BoE) has a target to keep the annual rate of inflation around 2%. However, the current rate of inflation is 4.2%, the central … Continue reading Is rising inflation a wake-up call to review your savings?
The pension gap between men and women is closing. But, once life expectancy is taken into consideration, women still need to save an extra £185,000 for retirement, on average, according to the Scottish Widows 2021 Women and Retirement report. The report finds that young women in their 20s today can expect to have around £250,000 … Continue reading The pension gap: Life expectancy means women need to save more for retirement
Whether retirement is over a decade away or just around the corner, you could face significant challenges that may affect the lifestyle you want. Learning more about these potential obstacles and taking steps to reduce their impact now could make heading into retirement smoother. Almost half of people see retirement as a time of financial … Continue reading 5 retirement challenges you could face and what to do about them
Pension tax relief has been boosting pension pots for 100 years. Over your working life, it’s an incentive that can add thousands of pounds to your retirement savings. While incredibly valuable, research suggests many high earners are still missing out on their full tax relief entitlement. Pension tax relief has evolved since it was introduced … Continue reading 100 years of pension tax relief: Millions of high earners are still missing out
How much money do you hold in cash accounts, like a current account or savings account? Figures suggest that millions of people are in a position to invest but are missing out on potential returns because they’re choosing cash. A new Financial Conduct Authority (FCA) campaign is aiming to reduce “investment harm”. This includes helping … Continue reading Do you have more than £10,000 in cash? You could be missing out on investment returns
Dividend Tax rates are set to rise, and it could affect the amount of tax you pay. The chancellor announced a hike in Dividend Tax rates, along with the introduction of a new Health and Social Care levy, to help plug the gap in public finances after the pandemic. The government has said that some … Continue reading Dividend Tax rate rise: Could it affect you?
Your State Pension may only make up a relatively small portion of your retirement income, but it’s an important part of it, and so it’s crucial you understand your entitlement. The recent news of underpaid State Pensions shows that many people don’t know how much they should receive. More than £1 billion unpaid to pensioners … Continue reading Why you need to understand your State Pension entitlement
If Inheritance Tax (IHT) is a concern for you, taking out a life insurance policy could mean your estate passes to loved ones intact. With some careful planning, a life insurance payout can cover your IHT liability and ensure assets are passed on to your loved ones. Planning what will happen after your death isn’t … Continue reading How a life insurance policy could help you preserve an inheritance for loved ones
Accessing and paying for care have become big issues. As more people reach old age, more people will inevitably need some level of support as they get older. Now, the government has taken steps to fund social care and limit the cost to individuals. So, how does the new care cap work and who will … Continue reading What is the new care cap, and could it benefit you?
“Employment is up, investment is growing, public services are improving, the public finances are stabilising, and wages are rising.” This is the backdrop against which Rishi Sunak presented the 2021 Autumn Budget. Promising “a stronger economy for the British people”, the chancellor outlined his taxation and spending proposals. Here’s a summary of the key points … Continue reading Everything you need to know about the 2021 Autumn Budget
While the direct impact of the Covid-19 pandemic has lessened for many economies, businesses are now struggling with the indirect consequences, such as supply chain issues. From microchips to aluminium cans, firms around the world are facing challenges getting hold of the materials and goods they need. Markets have largely recovered from the Covid-19 volatility, … Continue reading Investment market update: September 2021
In a bid to reduce monthly outgoings, first-time buyers are increasingly choosing mortgages with longer terms. While this can be a useful strategy, the amount of interest paid over the full term will be much more. If you’re thinking about taking out a longer mortgage, you should consider the long-term impact too. Rising house prices … Continue reading First-time buyers turn to longer mortgages, but the total interest paid could soar
Investment decisions should be based on logic and fact. But it’s easy for emotions and biases to affect your decisions, and this can lead to investment mistakes. Behavioural bias can be useful in some circumstances. It’s a way of making mental shortcuts when you need to make complex decisions. When you consider how many decisions … Continue reading 5 behavioural biases that lead to investment mistakes
How often do you discuss your finances? In the UK, talking about money and our long-term financial plans are often still seen as a taboo subject. Breaking down this barrier could help you and those who are important to you make better money decisions. Talk Money Week will take place between 8–12 November and aims … Continue reading Why money conversations are important for you and your loved ones
Half of the adults in the UK don’t have a will. While you may have a reason for putting the task off, there are many compelling reasons to make time to write a will that could provide peace of mind. A survey from Will Aid found that 49% of UK adults do not have a … Continue reading 5 reasons you need to write a will (and keep it up to date)
Almost a fifth (18%) of UK adults said their income had increased in the three months to June 2021, according to an LV= survey. As the pressure of lockdown eases, employees are also less worried about losing their job or being able to find work. If you have more disposable income now, it could be … Continue reading Has your income increased? Here’s why you should boost your pension contributions
While economies continue to recover from the effects of the pandemic, there are signs that the pace of growth is beginning to slow. According to the Organisation for Economic Co-operation and Development (OECD), the recovery of the world’s major economies is losing momentum. The organisation said consumers remain reluctant to eat out, visit attractions, and … Continue reading Investment market update: August 2021
House prices have soared. Your home could be one of your largest assets, but the wealth is largely inaccessible. With prices rising, it’s not surprising that some retirees are planning to use their homes to fund retirement through equity release. Before you start the process though, it’s vital you understand how it works and the … Continue reading Equity release: As house prices soar, here’s what you need to consider first
Travel restrictions this summer mean more Brits have been choosing to book a staycation. The UK is filled with stunning destinations to explore, and you may be thinking about buying your own holiday home to escape to in 2021 and beyond. But with so many locations to consider, where should you search for the ideal … Continue reading 5 beautiful places to consider if you’re thinking about buying a holiday home in the UK
In the space of just 12 years, the global economy experienced two events that are considered “once in a lifetime” occurrences. As well as having an impact on economies, the 2008 financial crisis and 2020 Covid-19 pandemic are likely to have affected your finances too. Many people will remember the impact of the 2008 financial … Continue reading After 2 “once in a lifetime” economic events in 12 years, how can you protect your assets?
Have you ever thought about the impact your money has? You may have considered how your money is invested, but how about where your money is saved? Good Money Week raises awareness of sustainable, responsible, and ethical finances. This year it runs between 2–8 October, making now the perfect time to learn more about the … Continue reading Good Money Week: The beginner’s guide to “ethical” money
The age you can access defined contribution (DC) pensions is rising. Research suggests that many people are unaware of this, but it could affect your retirement plans. At the moment, you can access money saved into a DC pension scheme from the age of 55. However, from 2028, this will rise to 57. If you’d … Continue reading When can you access your pension? It might be further away than you think
The pandemic recovery continues to pick up pace in economies around the world. However, there are still reasons to be cautious and signs suggest the pace of growth is beginning to slow in some regions. According to the OECD (Organisation for Economic Co-operation and Development), the recovery is picking up for leading economies as vaccination … Continue reading Investment Market Update: July 2021
Summer is the perfect time to get outdoors and boost your health. Hiking in the UK can take you to some stunning locations while improving mental and physical wellbeing. It doesn’t have to be an epic hike to still deliver a sense of satisfaction and let you enjoy the great outdoors. Whether you’re a beginner … Continue reading The best hikes in the UK to challenge you
Ownership of cryptoassets is rising among UK investors and, while still relatively new, they are growing in popularity. But before you purchase crypto, it’s important to understand what the term means and if they have a place in your portfolio. According to the Financial Conduct Authority (FCA), 2.3 million adults now hold cryptoassets, compared to … Continue reading Cryptoasset ownership is rising, but is it an opportunity or risk?
House prices have reached record highs this year. While you may be pleased the value of your home is increasing, it may also mean you now need to consider Inheritance Tax (IHT). Or if IHT already plays a role in your plans, they may need updating. A combination of rising demand, the Stamp Duty holiday, … Continue reading Why rising house prices could mean you need to reconsider your Inheritance Tax plan
There are many excellent reasons to save into a pension. One of them is the tax relief you benefit from, but many pension savers are overlooking this valuable boost to retirement savings. According to a Royal London survey, just 15% of people fully understand how tax relief on pensions is paid. Importantly, once people had … Continue reading What is pension tax relief? How it can help you reach retirement goals
Every year, the State Pension triple lock is debated. The government has already ruled out scrapping the State Pension guarantee, but the pandemic could mean it costs far more than expected. If you’re a pensioner, you could see your income enjoy a record rise. What is the State Pension triple lock? The triple lock guarantees … Continue reading State Pension triple lock: Could the pandemic mean a bumper rise?
After the global economy suffered due to the pandemic and related restrictions, the World Bank now predicts that it will grow at the fastest rate recorded in 80 years. The organisation expects the global economy to grow by 5.6% in 2021. However, it also warned that poor nations are at risk of falling further behind … Continue reading Investment market update: June 2021
If someone mentions getting into shape, you probably think of exercising, getting outdoors and eating better. But a mental workout is just as important for your health. Just a few minutes a day can help keep your brain healthy and your mind sharp. With so many apps available on smartphones, there are plenty of ways … Continue reading 7 apps to give your brain a workout
Last month, leaders of the G7 nations gathered in Cornwall for a summit. Unsurprisingly, the pandemic was top of the agenda, but climate change also featured prominently. As counties reaffirm their support for limiting climate change, it could affect businesses and, in turn, investors. All seven G7 nations – Canada, France, Germany, Italy, Japan, the … Continue reading ESG investing: The impact climate change could have on your investments
Interest rates have been below 1% for 12 years. If you’re a saver, that means you’ve likely been receiving very little interest from your savings. One alternative option you may be considering is an account with a prize draw, but are they worth it and do they make sense for you? Premium Bonds have been … Continue reading Are Premium Bonds and other prize draws a good option for your savings?
When you think about retiring, you probably imagine you won’t have any debt. While retirees may have traditionally cleared their credit cards and paid off the mortgage, those nearing retirement today are facing more challenges. Nearing your planned retirement age with debt can be worrisome, but it doesn’t mean you have to cancel all your … Continue reading What to consider if you’re worried about retiring with debt
While the gender pay gap has received lots of attention over recent years, the impact it has on pensions is often overlooked. Figures suggest that women are reaching retirement age with far less in their pensions than their male counterparts and it could have a serious impact on the retirement lifestyle they can enjoy. It’s … Continue reading The gender pay gap: How it goes beyond salaries and affects retirement
The route to homeownership is filled with challenges and securing a mortgage is becoming increasingly difficult for aspiring first-time buyers. As a parent, you may want to provide support and there are several different options to consider. House prices have been growing at a pace that outstrips wage growth. According to the Halifax House Price … Continue reading 4 things parents can do to help children secure a mortgage and financial security
Taking on the responsibility of becoming a Power of Attorney can be daunting. If you’ve been named a Power of Attorney, whether you’re acting on someone’s behalf now or could do so in the future, understanding what it means is important and can help you make the right decisions. What does being a Power of … Continue reading What you need to know if you’re a Power of Attorney
The Bank of England interest rate has been below 1% for 12 years. If you’re a saver, you may think there’s little point in shopping around for the best deal or opening an ISA. But there are still valid reasons for making the most of your ISA allowance. Each tax year, you can deposit up … Continue reading 5 reasons you should still open an ISA
You may have seen the recent news that thousands of people have been underpaid by the State Pension. If it’s affected you, it could mean you’ll receive a lump sum and higher State Pension payments in the future. Read on to find out more and how you can check if you’re owed anything. The State … Continue reading How to check if you’re owed anything from the State Pension
Seven in ten (72%) UK adults have saved money due to the pandemic, but just a fraction plan to add these savings to their pension, according to an LV= survey. While considering short- and medium-term goals is important, making a one-off pension contribution can mean your money goes much further. Average pandemic savings are almost … Continue reading Why adding your savings to your pension could mean your money goes further
After a year of lockdowns and restrictions, evidence suggests economies around the world are now on the path to recovery, although uncertainty and challenges remain. The International Monetary Fund (IMF) once again increased its growth forecast for the global economy in April. The organisation now expects global growth of 6% in 2021, followed by 4.4% … Continue reading Investment market update: April 2021
The pandemic has highlighted the impact the unexpected can have on finances and lifestyle for millions of people. The uncertainty of the last year is spurring more people to consider financial protection products. However, simply taking out a protection policy may not provide you with the right type or level of cover. It’s crucial you … Continue reading How to choose the right financial protection product to give you confidence
Are you thinking about gifting during your lifetime? Traditionally, you’d pass on wealth to family and friends through an inheritance, but many people are finding that doesn’t fit in with their plans. Instead, they’re passing on some assets now, but they do need to think about how it will affect the legacy they leave behind. … Continue reading Why you need to review your will if you’re gifting to loved ones now
There’s often a lot of talk about the State Pension Age rising and the impact it could have on retirement plans. But, in certain circumstances, delaying your State Pension payments could pay off. The State Pension Age is currently 65, but is gradually increasing and will reach 67 by 2028. You can use the government’s … Continue reading Should you defer your State Pension? It could reduce your tax liability
Across the UK, 6.5 million people provide informal care for a family member or friend. This care is hugely important for ensuring vulnerable people receive the support they need. However, delivering care presents challenges for carers too – mentally, physically, and financially. Recent research highlights the financial toll of caring for someone. The 7 June … Continue reading Carers Week: The financial impact of caring for a loved one
When you think of risks to your retirement, do you include inflation? It can have a huge impact on your income throughout retirement. Yet, it’s often overlooked when creating a retirement plan. Inflation refers to the rising cost of living. Day-to-day, it’s not something that you notice. However, over a longer timeframe, such as your … Continue reading How inflation can reduce your pension and what you can do about it
Talking about homes and property values is something of a pastime in the UK. Property is probably among one of the largest assets we own, so it’s not surprising that we want the value to go up. While property prices have soared in recent years, investing in your home could push up its value even … Continue reading Guide: 10 things that could increase the value of your property
During March there were reasons to be optimistic. In fact, the Organisation for Economic Co-operation and Development (OECD) raised global growth forecasts following Covid-19 vaccination and stimulus package news around the world. It’s now expected the global economy will expand 5.6% this year. Despite the pandemic dominating headlines, a survey from the Bank of America … Continue reading Investment market update: March 2021
Britain has a long history of fantastic storytellers, and a new generation of authors have filled this year’s British Book Awards shortlist with excellent reads. If you’re looking for some new books to read as the weather warms up, there are some fantastic options to choose from. The British Book Awards is an annual celebration … Continue reading 10 books to fall in love with from the British Book Awards 2021 shortlist
In 2020, the government spent an unprecedented amount supporting the economy through the Covid-19 pandemic. The economic consequences are expected to be felt for years to come and will no doubt influence policy that will affect personal finances. For the 2020/21 tax year, public sector net borrowing – the difference between public spending and total … Continue reading The cost of Covid-19: How does pandemic borrowing add up?
Technology has made investing far more accessible. You can now invest and make changes to your portfolio with just a few taps on your smartphone. While more people investing for their future is a good thing, technology is instilling bad habits in some investors. Far from investing with a long-term goal in mind, some investors, … Continue reading Technology encourages more investors to seek the “thrill” of trading and take bigger financial risks
The cost of funding care and delivering support to the elderly has become a national priority. However, research suggests it’s still not something individuals are thinking about when they make retirement plans. As average life expectancy has risen, the demand for care has soared and more people are living with complex needs. A report from … Continue reading 3 reasons to make social care part of your retirement plan
In March, chancellor Rishi Sunak delivered his second Budget. After a lot of speculation that taxes would rise to pay for the cost of Covid-19, you may have been relieved to discover your tax bill won’t be going up. However, you could still be worse off. Rather than increasing taxes, the chancellor said he would … Continue reading How the tax freezes announced in the Budget could leave you worse off
A year after lockdowns around the world began, Covid-19 continues to affect economies and investment markets. While the volatility experienced almost 12 months ago may have calmed, uncertainty remains and it’s important for investors to focus on their long-term plan. In February, Kristalina Georgieva, managing director of the International Monetary Fund (IMF), called on leaders … Continue reading Investment market update: February 2021
It’s been a year since lockdown was first announced in the UK in order to slow the spread of Covid-19. While restrictions have varied over the last 12 months, they have significantly affected daily life. If you’ve been feeling stressed or anxious recently, you’re not alone, and a new hobby to focus on could relieve … Continue reading 5 excellent hobbies that could help you overcome lockdown stress
In 2020, Covid-19 dominated the headlines. There were concerns that it would mean some of the challenges and opportunities ESG investing represents would fall to the wayside. However, in many cases, the pandemic has actually moved ESG investing up the agenda. “ESG investing” refers to making investment decisions that consider environmental, social or governance practices. … Continue reading How has Covid-19 affected ESG investing? Signs suggest it could become mainstream
The pandemic has led to more people taking control of their finances and investing. If you’re looking for some investing tips, the following pearls of wisdom from Warren Buffett are a great place to start. Known as a businessman and philanthropist, Warren Buffett consistently ranks on lists of the world’s richest people, with an estimated … Continue reading 7 powerful investment lessons from Warren Buffett
2020 was an eventful year. The pandemic and subsequent lockdowns around the world had a huge impact on life, which inevitably affected stock markets and investment portfolios. The stock market volatility experienced a year ago will be fresh in the mind of investors, but the crash wasn’t unique. Investors have experienced ups and down for … Continue reading The history of investing: What the past can teach us about market cycles
Is the common saying “money can’t buy happiness” true? Research suggests that it isn’t, and that the opportunities financial security brings can deliver happiness and improve wellbeing. This latest study refutes often cited research, which claims money could buy happiness but only up to a point. A 2010 paper written by psychologist Daniel Kahneman and … Continue reading Can money buy happiness? It’s the freedom to reach goals that adds value to your life
A year ago, Rishi Sunak delivered his first Budget just as the pandemic began to take hold. While his £30 billion package sounded significant, it’s a sum that has paled into insignificance over the last 12 months as the chancellor has spent £280 billion shoring up the UK economy. As the chancellor acknowledged in his … Continue reading Budget 2021 – The winners and losers
On Wednesday 3 March, Rishi Sunak delivered his second Budget as chancellor. The Budget outlines the state of the economy and the government’s spending plans. The World Health Organization declared Covid-19 a pandemic on 11 March 2020, the same date as the 2020 Budget. Since then, the pandemic has led to lockdowns, restrictions, and an … Continue reading Your 2021 Budget summary
Our latest guide is in partnership with Neil Bage, founder of Be-IQ, a fintech company focused on behavioural insights. The guide gives a fascinating overview of how our behavioural biases can affect the decisions we make. It could help you better understand your own decisions and what you can do to reduce your biases. We … Continue reading Guide: Behavioural biases, and how they affect your financial decisions
As we start 2021, there are reasons to be optimistic and some of this is showing in market movements. However, there are still obstacles which could have an impact on investments in the coming months. The International Monetary Fund has upgraded its global outlook for this year by 0.3%, taking expected growth for 2021 to … Continue reading Investment market update: January 2021
As we continue to be in lockdown, you may find that you have far more time on your hands. It makes it the perfect time to look at how you can improve skills, whether you want to get ahead in your career or simply learn something new. While traditional classes are not possible at the … Continue reading 5 places you can find online courses perfect for improving skills and professional development
Are you looking to improve your health in 2021? After a year where health was one of the most talked-about topics due to the pandemic, it’s set to be a movement this year. While you might have a set routine, mixing it up with some of the new trends emerging can help you get the … Continue reading The 2021 health trends you should try
The Office of Tax Simplification (OTS) is reviewing Capital Gains Tax (CGT) after being ordered to by chancellor Rishi Sunak. Changes that are made following the review could affect tax liability and how you make use of allowances. While changes have yet to be announced, there are two key areas that are being considered for … Continue reading Capital Gains Tax review: 2 things that could change
Following a year of uncertainty, you may be worried about your finances. Covid-19 has had an impact in many ways, from reducing income to affecting investments. Some financial firms have also been affected and this may mean you’re concerned about how secure your assets are. The good news is that there are protective measures in … Continue reading How the Financial Services Compensation Scheme protects you
The current 2020/21 tax year will end on 5 April 2021. As a new year starts, many allowances reset. For some, it will be your last opportunity to use them. Using these six allowances before the deadline can help you get the most out of your money. 1. ISA allowance ISAs are a popular way … Continue reading 6 tax allowances to use before 5 April 2021 to boost your finances
The current tax year will end on 5 April 2021, 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
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
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?
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?
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
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
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
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
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
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?
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
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
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
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
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
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?
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?
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