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Misconceptions about Equity Release

Many grandparents and parents maybe considering Equity Release from their properties, to help fund school fees for grandchildren or helping towards a deposit for their children’s first once we are out of this lock down.

Many people considering Equity Release are put off or worried about certain aspects. I hope here to answer some of those concerns and help give you the confidence to consider the option.

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Simplifying Inheritance Tax

Last year my blog subject covered The Office of Tax Simplification’s (OTS) second report on simplifying inheritance tax.

I thought it was, therefore, a good time to reflect on what if anything has changed. The short answer as Paul Daniels would have said is ‘not a lot’. I won’t cover all the findings, but instead focus on a few areas impacting on financial planning.

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Market Volatility

In simple terms, volatility is the erratic up and down movements often seen on financial charts.

It’s something you may have heard fund managers talk about – they demonstrate that their fund doesn’t have the move up and down as much as the index they are trying to match or the objective return of the fund. 

Over the last decade we have generally seen markets move up, there have been some big movements down, but they have recovered quickly.  These recoveries are what traders and fund managers call corrections. 

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Finding the Right Mortgage for You

There are many choices to make when looking for a mortgage.

There are literally thousands of different types of mortgages on the market and choosing the right one can be daunting. But before deciding which mortgage to go for, you need to decide what type of mortgage to get – repayment, interest only, fixed, tracker or discounted.

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Pension Freedoms

April 2015 saw the introduction of pension freedoms. So, what does this actually mean for people who are looking to access their pension pot?

Prior to April 2015 the options available for the majority of people were very limited and in most cases an annuity would be the only option, offering a lack of flexibility and a poor deal especially with interest rates being at rock bottom.

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ISAs – 21 years on

This April, ISAs celebrate their 21st birthday. So, I thought it would be a good idea to remind you how good an investment vehicle they can be, just before the end of this tax year.

Statistics suggest ISAs have become a huge hit with savers. The value of adult ISAs stand at over £600 billion, shared between around 22 million account holders. They have also proved popular with successive Chancellors as a means of encouraging the saving habit with the annual subscription limit having almost trebled since launch.

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Additional benefits of General Insurance

Whether you live in a one bedroom flat or a five-bedroom detached house, you’ve worked hard to make your house your home, so it’s important to have the correct protection in place in case something should go wrong.

Though you might believe the unthinkable would never happen to you, what if it did?

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