Market volatility is an unavoidable aspect of investing. Geopolitical events, such as the invasion of Ukraine, trade wars, inflationary pressures, and alterations in interest rates, are among the numerous factors that lead to market fluctuations, sometimes significantly. When markets change, especially during rapid declines, it can be challenging not to react. Nevertheless, history shows that you are more likely to reach your long-term investment goals if you have a strategy and stick to it across all market conditions.
A new study reveals a startling insight. As many as one in six (15%) individuals with a partner are unclear about who will receive their pension savings if they pass away before accessing them[1]. Even more concerning, this figure rises to nearly one in five (18%) among the Silent Generation (aged 79 and older). Such statistics highlight the urgent need for improved awareness and planning regarding pension inheritance.
As we are now a few months into a new tax year, it presents new opportunities to maximise your money. With new tax allowances available and another year to benefit from tax-efficient savings, now is the ideal time to organise your finances. Acting early can help you maximise your returns throughout the year and ensure you make the best financial decisions. Here’s why you ought to consider taking action now and how professional financial advice enables you to stay ahead.
The assets you have built over the years are a testament to your hard work and dedication. Naturally, you will want to ensure that these assets are preserved, safeguarded and transferred in a manner that benefits your loved ones or chosen beneficiaries.
With many factors to consider, including income needs, inflation, investment strategies and unexpected life events, it’s easy to feel overwhelmed when knowing if you have enough to retire.
Ray Black and Melvyn Prior return with a timely and frank discussion on the latest economic developments, market movements, and policy shifts shaping your financial future Watch Here
Financial strains, such as unexpected medical bills or inadequate retirement savings, can impose a heavy burden on families, not just emotionally but also practically.
Ten years ago, pension freedoms revolutionised how people access their retirement savings. A decade later, research indicates that many individuals are making critical financial decisions without seeking advice or fully understanding the tax implications.
The implications of proposed changes, outlines steps to minimise their impact and explains why early planning is essential for securing financial peace of mind for future generations.
Gifting money to your grandchildren is more than a mere act of kindness or generosity. It offers them a potential financial head start and paves the way for a more secure future as independent adults.
Please be aware these articles are for general information purposes only and correct at time of printing. We will
not accept responsibility for any errors made or actions taken by any readers that have acted on the information
contained. Answers given are for guidance only and specific advice should be taken before acting on any of the
suggestions made. All information is based on our understanding of current tax practices, which are subject to
change. Always remember when investing, past performance is not necessarily a guide to future performance and
the value of some investment units can fall as well as rise.