Ensuring your family is financially secure for the long term is a common goal. If it’s one of your priorities, intergenerational wealth planning could help you create a plan that suits you and your loved ones. There’s more than one way to pass on wealth to your family. Each option has advantages and drawbacks that […]
20 July 2023After the challenges that 2022 presented to investors, the first six months of 2023 has brought relief to global markets, although some regions are still seeing downturns as the year goes on. The below table exemplifies how global indices performed between April and June 2023. Source: JP Morgan Last time, we discussed the […]
20 July 2023The Bank of England (BoE) has implemented 13 consecutive base interest rate hikes since December 2021, bringing the rate to 5% as of June 2023. As we explore in our blog concerning interest rates, rising inflation has prompted the BoE to implement these base rate increases in an attempt to slow consumer spending. […]
20 July 2023The subject of interest rates has been in the headlines many times since the Covid-19 pandemic began. The central interest rate, known as the “base rate”, informs many aspects of personal finance, including: As of June 2023, the Bank of England (BoE)’s base rate is 5% – the highest it has been since […]
12 June 2023 The UK government raised a record £7.1 billion in Inheritance Tax (IHT) during the 2022/23 financial year. Compared to the previous tax year, HMRC’s figures show that IHT takings have grown by £1 billion. The chart below shows the steep trajectory in IHT tax receipts in the UK from 2000/01 to 2022/23. […]
12 June 2023 Over the last year, inflation has never been far from the headlines. The soaring costs of fuel, energy, and food have seen prices rise faster than at any point since the 1980s, with the inflation rate hitting a peak of 11.1% in October 2022. Indeed, Reuters reports that £5 in Britain today […]
12 June 2023 At its core, financial planning is all about helping you to reach your life goals. Your wealth is likely to be a means to an end, helping you to achieve all the things you want to do now and in the future. That might be as simple as a comfortable retirement or […]
16 May 2023 Preparing your wealth for the next generation’s benefit can be an intense process, with protection, your will, trusts, property, and investments all thrown into the mix. In particular, the amount of Inheritance Tax (IHT) your beneficiaries may pay could have come up in estate planning conversations, both with your close family and […]
16 May 2023 Renowned author JRR Tolkien died 50 years ago at the age of 81. Despite his passing away, his most famous works, the trilogy of The Lord of the Rings books, have lived on in true ubiquity, remaining part of Britain’s cultural canon to this day. This trilogy is a tale of heroism, […]
16 May 2023 If your investment portfolio makes up a large portion of your wealth, it is crucial to understand what will happen when you sell assets and crystallise their value. As you approach retirement, or perhaps another large milestone like providing a child with a house deposit or paying for their wedding, you might […]