2022 may only have just started, but now is an excellent time to start thinking about the end of the tax year. Planning now can help you make the most of allowances and reduce how much tax you pay. The 2021/22 tax year will end on 5 April 2022. This date is when many tax-efficient allowances will reset. In some …
Going through a divorce is difficult. So, it’s not surprising that many couples are failing to consider their long-term future and whether they need to discuss splitting pensions. Overlooking pensions, which may be among your largest assets, could leave you financially vulnerable in the long term. The law changed in 2000 to allow pensions to be shared in divorce. However, …
If you’ll be retiring this year, you may be looking forward to more free time to focus on what you enjoy. As you start making plans, you need to set out your expectations and how you’ll create an income. To do that, a bit of planning is required, and these eight steps are a great place to start. 1. Set …
If you’re creating a financial plan as a couple, you should consider the effect one of you passing away could have. If one person’s income or assets are vital for the household’s financial security, it could leave the other in financial difficulty should they pass away. One of the questions couples sometimes ask is: “Will my partner be financially secure …
