Focusing on cash is not a good idea when building long-term savings. In 2021, interest rates are so low that even a 1.7% fixed-rate savings account with a High street bank fails to beat the 2% target rate of inflation set by the Bank of England (BoE). The stock market offers the chance of producing far better returns…
Where do you go if you want to invest in stocks, funds and other assets (e.g. commodities or even cryptocurrencies)? Similar to a food supermarket, in 2021 a range of investment platforms exist to offer these kinds of opportunities to people. However, they come in many forms and involve different…
Taxes have the potential to significantly erode your wealth and investment returns if you do not manage them effectively. We all have a duty to contribute to society, but nobody’s family or own finances should suffer from needless tax erosion. In this article, our financial planning team here at Elmfield…
The age from which you can start accessing your state pension depends largely on your age, but in 2021 this is set at 66 for both men and women (expected to rise to 67 between 2026 and 2028). However, you are not required to start claiming your state pension at the point when you qualify to receive it…
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