The Help to Buy ISA is a government backed scheme that provides a 25% bonus on the balance of the account with a maximum bonus of £3,000, provided the money is put towards the purchase of your first home before 1st December 2030 – so long as the house price is lower than £250,000 (£450,000 in London).Read more
Take any business assurance, for example. Ask yourself if you have a cross-sell or buyout agreement set up between partners or directors, which could prove to be useless for the survivors if you do not have the cash to pay out the value of a deceased partner’s share? Everybody loses.Read more
In recent years we have seen the number of people divorcing in retirement increase. This group of people need to be aware of a litany of financial pitfalls as they try to divide a lifetime’s worth of assets.Read more
This piece discusses a Personal Injury Trust, who it is appropriate for, when it is likely to be used and how it is set up.
A Personal Injury Trust is a specific type of Trust used when, in most cases, someone has received compensation for some type of accident or injury.Read more
With the UK State pension being very low, one of the worst in the developed world at approximately 29% of average earned income*, many have and still do look to property investment and rental income as a supplement to this.Read more
This month, The Office of Tax Simplification (OTS) launched their latest report. The topic this time was inheritance tax.
The OTS does not consider policy issues such as should a tax abolished – they instead look at the administrative side of taxation.Read more
The UK has one of the highest home owning percentage rates in the world. No matter how many times we experience boom or bust, the British like the idea of buying their own home.
Part of the attraction is not just financial, but the sentiment of owning your own home, not worrying about having unreputable landlords, and being able to paint your walls whatever colour you want.Read more
Temple Wealth Management give you their 5 top tips to help you plan for retirement.Read more
So, you’ve already arranged a life insurance policy, or you may be about to do so. Perhaps you’ve done this to cover a debt such as a mortgage, or to provide a lump sum for your partner or your financial dependents. But should this policy be in trust? Who will get the money and how long will it take?
If you have made a will then it will contain a list of who you wish to receive the benefits of your estate, but before this can be carried out your executors will have to apply for a grant of probate. If you haven’t made a will, any assets will be subject to the Laws of Intestacy which could see them go to the wrong people.Read more
Did you know that there is over £400million sitting in pensions that people have lost? 1
On average people undertake 11 jobs during their lifetime which could mean 11 different pensions. This makes it very difficult to work out how much money you will actually have once you retire.Read more