Reviewing your pension contributions

Posted by siteadmin on Tuesday 19th of November 2019


As you approach retirement, you probably want to know when you can afford to stop working. Having worked hard throughout your career you deserve to enjoy your retirement without having to worry about your finances. It may be worth reviewing your pension contributions to make sure you are taking advantage of the incentives offered by the government and your employer.

Make the most of tax relief…
The government tops up your pension contributions in the form of tax relief at your highest rate of income tax to encourage you to save. Basic rat...

Reviewing your mortgage deal could save you money

Posted by siteadmin on Monday 23rd of September 2019


It’s important to regularly review your mortgage, as it can often make sense to transfer to a new deal - or even a different lender. Your decision to transfer will of course depend on your individual circumstances, and the current rate you are paying.

If your lender plans to increase its Standard Variable Rate (SVR), or already has, moving onto a new mortgage deal could save you money.

If you need advice on mortgages, please do get in touch. 


The Importance of Trusts

Posted by siteadmin on Thursday 19th of September 2019


Trusts are usually simple to set up, but it’s important to select the right type of Trust. 

What is a Trust?

A Trust helps ensure a payout goes to the people you’d like to benefit from your policy – should the worst happen. As the ‘settler’ (the person who creates the Trust), you can choose the people who will benefit (the ‘beneficiaries’). The Trust defines how and when they can receive the money from the insurance company.

Why is a Trust so important?

  • Save time, reduce worry - compared to leaving your life cover benefit in your w...

The factors influencing your pension choices

Posted by siteadmin on Monday 2nd of September 2019


Planning the best way to draw your pension savings is not straightforward, after all, there’s no ‘one size fits all’ when it comes to retirement.

Life expectancy, the impact of inflation and the choices available at retirement (thanks to the 2015 Pension Freedoms) are all influencing factors in your decision making. You’ll also need to take into account not just your pension savings but any other investments or assets you might have.

Your pension choices
If you’re aged 55 or over and in a defined contribution pension plan from 6 April 20...

The insurance policy that could prove critical

Posted by siteadmin on Tuesday 27th of August 2019


Some people might be put off buying a critical illness policy because they believe it’s unlikely to pay out, despite the proportion of claims paid by insurers standing at just over 92%.
So why is there such a gap between perception and reality among consumers?
There have been well-publicised stories in the past where a policyholder has had a claim refused because their circumstances didn’t meet the insurer’s terms and conditions. But in reality, the number of critical illness claims declined are actually a tiny minority compared to the tot...

Income Protection Claims

Posted by siteadmin on Monday 19th of August 2019


You might believe you’d be more likely to call on your income protection policy later in your working life, but data from protection insurer, The Exeter, show their average claimant was 40, and on certain products, just 33.

Income protection is designed to pay an income if you're unable to work as a result of an accident, illness, or, with some policies, unemployment. The benefit usually kicks in after what's called a deferred period and can last until you're able to return to work or you retire.

Cover for physical, and non-physical cond...

Practical ideas for downsizers

Posted by siteadmin on Monday 12th of August 2019


Getting fed up of everyone coming around to yours for Christmas?

Or are you rattling round a large house because your kids have grown up and flown the nest?

Or perhaps you’ve found a lovely little property in a part of the country you’ve always wanted to live?

Whatever your reason for downsizing we’ve got some practical steps to help you make the most of the move...

Measure up
Whether you’re moving into a two-bed bungalow or a one-bed flat, you’ll still need to know how much less space you’ll have in your new home so that you can take ...

Considerations for first-time buyers

Posted by siteadmin on Monday 5th of August 2019


Being a first-time buyer can be daunting. Not only are you about to make one of the biggest financial decisions in your life, but you’ll probably also have family members and friends offering their ideas on the right house, mortgage, lender conveyancer and even removal company for you.

We’ve put together some ideas to try and take away some of the stress and confusion and give you confidence to move through the home buying process as smoothly as possible.

Get the right advice
Of course we’re going to say that - it’s what we do! We’ll rev...

How will changing working patterns affect your pension?

Posted by siteadmin on Monday 29th of July 2019


The sooner you start saving, the healthier your pension pot is likely to be when you need to draw on it.

But what happens to your pension planning if your working hours reduce, or stop?

First things first
If you join a company you may be enrolled into their workplace pension scheme which, in most cases, your employer will also pay into. The self-employed, on the other hand, should set up a personal pension, which come in the form of a basic personal pension, stakeholder pension, or Self Invested Personal Pension (SIPP).

Workplace pensio...

Investing for the next generation

Posted by siteadmin on Monday 22nd of July 2019


In the early years this might translate into a surplus of toys or days out, but this stage eventually passes, and thoughts turn towards the future transition from child to adulthood and beyond.

This longer-term perspective raises the question of how best to provide financial support through, what could be an expensive transition and inevitably this leads to a variety of issues:

  • Are there particular needs which should be targeted or is it more important to have money available as and when your child needs it?
  • Which investments would be...