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SUMMARY OF THE BUDGET ANNOUNCMENTS 2024
We hope you are keeping well. Following yesterday's budget, we thought it would be useful to send you details of the highlights. We are still awaiting more information and the finer details to be announced, and this could take weeks if not years on some policies. The...
Some Life Assurance Need To Knows
Life assurance may sound simple but it’s important to know what cover you need and how to set it up, so your loved ones don’t get caught out if the worst happens! Opt for guaranteed premiums if you can afford it as this means your premiums will be fixed for the term...
Don’t Get Caught Out By Tax On Your Savings and Investments!
With interest rates having been so low for the last decade most of us have not had to worry about being taxed on our savings, however this is no longer the case! The Personal Savings Allowance (PSA) allows savers to earn interest on their savings tax-free up to...
State Pension – buy now while stocks last?
For most retirees, the State Pension forms the foundation block of retirement income planning. Anyone reaching State Pension age* after 6 April 2016 with full entitlement currently receives a guaranteed income of £185.15 per week (£9,627.80 pa). Furthermore, the...
Mortgage Tips for the over 65’s
In the current uncertain world, with growing costs and inflation, many people are facing the prospect of working into their later years and still need a mortgage past the age of 65. Once this might have been an impossible task but now, thankfully, this is no longer...
Later Life Lending
If you are aged 55 or older and have owned a property for several years, there’s a good chance that much of your wealth may be tied up in your home. And with average house prices increasing by around a third over the last 5 years, the equity has increased...
Make the most of your ISA allowance while you can!
Are you using your ISA allowances each tax year? You wouldn't want to miss out on a year's worth of tax efficiency, so now's the time to take a look at your savings and move your money within the tax efficient wrapper. Each person has a £20,000 ISA allowance for the...
Equity Release Myth Buster
Research shows there is a lot of misunderstanding in the later life lending market. I often have conversations with clients who make statements such as ‘I do not want to leave a debt to my family’ or ‘I cannot release equity as I still have a mortgage’. What does not...
Housing Market, Mortgages and Later Life Lending
Market Overview The housing market remains buoyant, driven largely by the Stamp Duty holiday due to be phased out by 1st October ‘21. The Pandemic has also created a lot of home movers who wanted to change their own living circumstances. House prices have been...
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