The election is finally over. Labour won convincingly on 4 July with a large majority, unseating the incumbents after 14 years of power. Pundits are now exploring how the new government might change key policy areas in the coming weeks and months. In particular, are any taxes set to change…
What is happening in the UK economy? Are things “getting better” in the summer of 2024, or worse? How might the landscape change, and what are the implications for your financial plan? Below, our financial planners explore some of these questions in more detail. We hope these insights are helpful…
Being single – whether by choice or involuntarily – brings many unique opportunities and challenges for financial planning. Perhaps you imagine yourself living independently in retirement. Or, maybe you find yourself suddenly single due to divorce or bereavement. Regardless of the circumstances…
The UK’s median employee turnover (“churn”) rate is 15%, according to the CIPD (Chartered Institute of Personnel and Development). Alarmingly for employers, replacing a mid-level employee can cost over £30,000 when costs such as temporary worker hire, lost productivity and training…
The lifetime ISA (LISA) is a highly popular investment “vehicle”. Since its introduction in 2017, around 775,000 people have opened one. Yet how does it work and is it worth it? In this guide, our Burnley financial planners offer a short guide to the lifetime ISA – offering ideas about how it can be integrated…
Do you like the idea of selling something for more than you originally bought it? This is known as a “capital gain” and it is a great way to grow long-term wealth. However, there is often a government not too far away looking to tax it! Whilst we all should pay our fair share to society, there is little sense in paying…
Retiring early is an ideal goal for many people – offering more opportunities to travel, volunteer or pursue other passions. Yet early retirement rarely just “happens”. Rather, it needs careful planning years in advance. In this guide, our Burnley financial planners explain some of the forms that early retirement…
With inflation still running high in 2023 (7.9% in June), many investors are looking for ways to mitigate its impact on their returns. Gold and other commodities (e.g. silver) are often touted as effective ways to hedge against inflation. Yet are they a good idea? Below, our financial planners in Padiham explain how…
Did you know that there was a “cap” on how much value you could hold in the pension, tax-free, in 2022? This was called the Lifetime Allowance and, as of 6 April 2023, the charge has been abolished by the Chancellor. In the 2023-24 tax year, you can now take pension benefits in excess of…
The UK economy has certainly been through a lot since 2020. COVID-19 led to widespread lockdowns, a short market crash and a shift to remote working. GDP grew by 7.5% in 2021, rebounding from a 9.4% plunge the previous year, but a reckoning was soon coming. Inflation rose in 2022…
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