We have all heard of life insurance – but what about family income benefit? For those with small children or other dependents, this can be a great option to boost your financial protection should the worst happen. In this guide, our team at Elmfield (financial planners in Padiham, Burnley, Lancashire) explains how…
Many of us have been saddened and shocked by the stories coming out of Ukraine recently. At Elmfield, we hope for a swift and peaceful resolution to the conflict. As economic sanctions have been imposed by the West on Russia, global markets have been turbulent. On 24th February, for instance, as news of the invasion…
Individual Savings Accounts (ISAs) come in many forms and different benefits. How can you use these best to your advantage – maximising your returns and tax-savings? In this article, our financial planning team at Elmfield here in Padiham, Burnley, Lancashire offers this round-up of answers to commonly-asked…
There are two main reasons to buy shares (e.g. via a fund). The first is to generate dividends from them over time – regular payments, out of company profits. The second is to hold them for a long time, with the intention of eventually selling them at a higher price than you bought them. You can even combine…
The UK has many types of pensions – adding to common confusion about retirement planning. Broadly speaking, there are three to consider: the State Pension, defined contribution pensions (i.e. pension “pots”) and final salary – or “defined benefit” – pensions. This latter category can be especially…
COVID-19 restrictions have become a defining feature of life since early 2020. Hopefully, 2022 will witness greater normality. Yet it remains possible that, as the government seeks to control various “spikes” or “waves” of the virus, work-from-home orders…
The UK Government’s “Build Back Better” plan has specified that a £86,000 cap on personal care costs will be introduced in England from October 2023. These plans have divided both the media and politicians, as the Government states its goal to eradicate unlimited, unpredictable care costs – and the possibility of…
For most young people, pensions are the last thing on their minds. Your 60s and 70s seem very far away and, typically, the most pressing financial priority (if there is one) is saving for a house deposit. It may also be that young people have retired parents who live very comfortably, with a house fully paid-off…
20 years ago, most people got their news from TV, radio, newspapers and magazines. Today, the media landscape has shifted considerably. Whilst these media forms remain popular, more people are turning to social media for information – especially YouTube, Instagram and TikTok. These platforms have also…
The climate summit in Glasgow (COP 26) has drawn a lot of attention, with some lauding the pledges coming from attending nations whilst others – such as Greta Thunberg – arguing that it has been a failure. Undeniably, however, the event has increased attention in “environmental” investing (or ESG)…
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