Welcome to our blogs which relate to the financial services you may be interested in from mortgages to pensions; protection to auto-enrolment and many more. So why not grab a drink and enjoy the read.
– a few reasons you might consider a lifetime mortgage. Equity Release is a way of tapping into some of the value of your home to unlock tax-free cash for homeowners aged over 55. It is a lifetime mortgage which is a long-term loan secured on your home. Home Improvements Whether it’s futuristic smart locks for your doors, a bigger
With the potential inclusion of pensions in the taxable estate from 2027, Inheritance Tax receipts are set to increase significantly. This is driving a corresponding increase in demand for estate planning advice. One area which has seen a particular uptick in activity has been gifting and especially gifting out of income exemption. This stems largely from concerns about pension funds becoming subject to Inheritance Tax and
According to Now Pensions, almost 9 million people in the UK remain significantly underpensioned compared to the broader population. The latest data revealed that underpensioned groups have annual private pension incomes ranging from £3,650 to £6,750. This is 43% to 80% compared to the population average of £8,500, leaving many individuals vulnerable to financial insecurity in retirement. The underpensioned groups
One of the biggest announcements to come out of the autumn budget was the proposal to make certain types of pension known as defined contribution subject to Inheritance Tax (IHT). The rules, which are set to come into force in 2027, bring to an end a period of time where pensions could be passed down generations in an extremely tax efficient manner. So, will
A major lender has recently launched a Family-Backed Mortgage which helps first-time buyers purchase a property with assistance from a friend or family member and get on the property ladder sooner. Eligible buyers are now able to apply for a joint mortgage with friends or family members, while still purchasing the property in their own name. This is sometimes known as a
Why purchasing a commercial property via a SIPP or SSAS is an attractive option for Small and Medium-sized Enterprise (SME) directors looking for business premises. For SME directors, using pension fund money to buy the property can be a very positive outcome, as opposed to paying rent to a 3rd party. Here are a few reasons why a SIPP/SSAS could
As the saying goes, it’s better to give than to receive. But did you know that along with the pleasure of seeing your loved ones enjoy your gift you can also reduce inheritance tax at the same time? However, to avoid potential pitfalls, you’ll want to understand the rules first. Know what’s defined as a gift What counts as a
Taking the time to align your final wishes with your loved ones can avoid unnecessary confusion, conflict, and heartache. Here’s a closer look at the benefits. Foster understanding and clarity Discussing your will with loved ones ensures everyone understands your intentions, the reasons behind your decisions, and the roles they might play. For those named as executors, trustees, or powers
What are Offset mortgages and who are they best suited to? How Offset works An Offset mortgage is a product that allows a borrower to ‘link’ their savings to their mortgage account. Borrowers only pay interest on the difference between the Offset savings balance and the mortgage amount, so their savings reduce the mortgage interest they pay. An Offset mortgage is
When Aaron Tawny first started the price of a pint of beer was £1.95, a loaf of bread 52p, a pint of milk 34p, and a gallon of unleaded 76p. Manchester United won the Premier League, England were the Six Nations winners and Great Britain won 11 gold medals in the Sydney Olympics. We are proud to share our news