Money and financial decisions are often seen as a personal matter. However, making your family part of the financial planning process and discussing your goals with them can be valuable. A report from M&G Wealth found that 33% of advised families share the same adviser, with around 57% of those sharing the same adviser as their parents. If you’re used …
The State Pension is often an important part of your retirement income, so should you top up your National Insurance contributions (NICs) to increase it? Even if you have other pensions or income in retirement, your State Pension can be valuable. As it’ll be paid from when you reach State Pension Age for the rest of your life, it can …
A trend among modern retirees to increase their spending as they get older could mean that some run out of money during their lifetime. The new research is an important reminder to consider how your spending needs will change during your retirement. Traditionally, spending has been higher during the initial few years of retirement as retirees tick off milestone goals …
Investment markets in May experienced volatility amid concerns that economies could fall into a recession as inflation pressure remains high. While you may be worried about the volatility your investments have experienced, keep your long-term goals in mind. A long-term time frame can help smooth out the peaks and troughs of markets. This is because, historically, markets have recovered when …
With the summer holidays drawing closer, you might be searching for exciting activities to keep your children or grandchildren entertained while they’re off school. National Trust properties across the country are hosting fun activities and events for you to enjoy as a family. They’re a fantastic option if you want to spend time outdoors and take in some history. In …
When you’re viewing a house, there’s a lot to take in. You may be trying to weigh up if it’s worth the asking price, if it’s the right size for your family, and keeping an eye out for signs of damp. Having a list of key questions to ask the estate agent or owner can help you understand the property …
More than a quarter of people feel anxious about money, according to research from the Money and Pension Service (MAPS). People that have recently experienced poor mental health are more likely to worry about finances, which in turn can further harm their wellbeing. The research highlights the link between mental health and feeling in control of finances. As financial security …
Being a trustee comes with many responsibilities, and, in some cases, you will need to register a trust with the Trust Registration Service (TRS) by 1 September 2022 or you could incur a fine. A trust is an arrangement that lets someone, known as the settlor, set money or assets aside for someone else, known as a beneficiary. A trust …
Key tax allowances like the Personal Allowance and Capital Gains Tax (CGT) annual exempt amount can help your money go further. As research shows that overall tax allowances have been cut, it’s more important than ever to understand what allowances make sense for you, and how they can complement your financial plan. According to calculations by Quilter, over the last …
The conflict in Ukraine is continuing to affect markets and economies around the world. According to a report from the Kiel Institute of the World Economy, the war led to global trade falling 2.8% between February and March. The effect has led to the International Monetary Fund (IMF) downgrading its global growth forecast too. In 2022, the global economy is …
