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Elmfield Admin

How should dividends feature in a portfolio in 2020?

By | Savings & Investments | No Comments

This content is for information and inspiration purposes only. It should not be taken as financial or investment advice. To receive personalised, regulated financial advice please consult us here at Elmfield Financial Planning in Padiham, Burnley, Lancashire. In the low-yield environment if 2019, it was commonly thought that it was hard to generate an income from an investment portfolio –…

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Paying into your child’s pension: a short guide

By | Pensions | No Comments

This content is for information and inspiration purposes only. It should not be taken as financial or investment advice. To receive personalised, regulated financial advice please consult us here at Elmfield Financial Planning in Padiham, Burnley, Lancashire. Is it worth committing capital towards a pension for a child and, if so, which type of pension should you choose and how…

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Inheritance, lump sums & pensions

By | Pensions, Uncategorized | No Comments

Many young people in the UK are facing significant financial pressures as house prices have risen over recent decades, far outpacing wage growth. As such, it is understandable that many hope that a future inheritance lump sum will help them gather the necessary funds for a house deposit. Yet research shows that, in 2020, those most likely to receive an inheritance are aged 55-64 with the median sum…

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How to refine your finances for the summer

By | Financial Planning | No Comments

2020 has certainly been a year like no other, and the upcoming summer appears to be much the same. Although 500 travel companies claim that they have assurance from the UK government that air corridors will reopen by the end of June to allow some international holidays, it remains unclear whether British people will seize the opportunity. Many are likely to remain nervous that another surge…

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Six COVID-19 scams to watch out for in 2020

By | Financial Planning | No Comments

The UK may be slowly edging its way out of the COVID-19 lockdown, yet financial scammers are still capitalising on the climate of fear and uncertainty to trick people out of their life savings. In the first quarter of 2020, at least 500 coronavirus-related scams and 2,000 phishing attempts were recorded by the National Fraud Intelligence Bureau (NFIB). Many of these were scammers posing as fundraisers…

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An 8-step financial planning checklist during COVID-19

By | Financial Planning | No Comments

This content is for information and inspiration purposes only. It should not be taken as financial or investment advice. To receive personalised, regulated financial advice please consult us here at Elmfield Financial Planning in Padiham, Burnley, Lancashire. The COVID-19 outbreak is top of everyone’s minds at the moment. One key concern is how the pandemic and lockdown affect our wealth…

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5 investor biases to avoid when the market is volatile

By | Savings & Investments | No Comments

This content is for information and inspiration purposes only. It should not be taken as financial or investment advice. To receive personalised, regulated financial advice please consult us here at Elmfield Financial Planning in Padiham, Burnley, Lancashire. At the time of writing (May 2020), few people are certain of where the markets are heading and you should probably be wary…

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Should I opt out of my pension or increase my contributions?

By | Pensions | No Comments

This content is for information and inspiration purposes only. It should not be taken as financial or investment advice. To receive personalised, regulated financial advice please consult us here at Elmfield Financial Planning in Padiham, Burnley, Lancashire. In May 2020, many people are concerned about what to do with their pensions. Here at Elmfield in Lancashire, our financial advisers have…

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What will happen to UK taxes in 2020?

By | Tax Planning | No Comments

This content is for information and inspiration purposes only. It should not be taken as financial or investment advice. To receive personalised, regulated financial advice please consult us here at Elmfield Financial Planning in Padiham, Burnley, Lancashire. You might have noticed some headlines and social media posts asking about what will happen to UK taxes later in 2020. This understandably…

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