Blog

  • Cutting through the noise – how does a financial adviser help?

    Posted on
    ‘Stock market closing at an all time high’; ‘The bubble’s burst’; ‘The stock market is crashing’; ‘Shares have gone through the roof – how could they go any higher?’; ‘House prices plummet by 30%’; ‘UK economy in weakest growth’; ‘The end is near for the bear market’; ‘Stocks dangerously close to unique kind of bull market’; ‘Not seen such market v...
  • Could you be eligible for a power of attorney fee refund?

    Posted on
    Between 1 April 2013 and 31 March 2017, the Office of the Public Guardian (OPG) generated a surplus of £89m from Lasting Power of Attorney fee overpayments. This happened because the OPG’s operating costs were reduced, but LPA application fees weren’t altered to reflect that reduction. 1.8million people are estimated to have been affected by the ov...
  • The financial advantages of saying ‘I do’

    Posted on
    A marriage or civil partnership can be a beautiful union of minds and hearts, but there’s no reason why it should end there. There can also be financial benefits to being with your partner, and one of these is the Marriage Allowance. In the 2018-19 tax year, the Marriage Allowance lets you transfer up to £1,190 of your Personal Allowance to your pa...
  • What will leaving the Customs Union mean for my business?

    Posted on
    When we leave the European Union we will also leave the EU customs union. The question we all want to know the answer to is ‘what does that mean for me?’ Well first, let’s have a quick reminder of what the customs union is. In short, it’s an agreement between European member states that there will be no internal tariffs on goods that move between t...
  • A cautionary tale: the Lazio case demonstrates who cyber criminals are targeting

    Posted on
    The money has since been traced to a Dutch bank account with no connection to Feyenoord at all. Somebody posing as the club with an official email signature had taken the money and run. Clearly this cyber attack, like most, was driven by the goal of monetary gain and so we can assume that it’s financial teams in organisations that are most at risk...
  • Which factors are contributing to economic growth being so poor?

    Posted on
    The Office for National Statistics (ONS) has announced that GDP growth is down to 0.1% from last quarter’s 0.4%. This means that the first quarter of 2018 saw the UK economy at its slowest growth since 2012. Rob Kent-Smith, head of national accounts at the ONS, said: “Our initial estimate shows the UK economy growing at its slowest pace in more tha...
  • Record numbers make the most of pension freedoms

    Posted on
    The people have spoken and they love freedom! Recent figures show withdrawals in the 2017-18 year were worth £6.7bn, the highest figure since the pension freedoms reforms were introduced in 2015. Before the change in legislation, the majority of pensioners would purchase an annuity with their pension pot, which would guarantee them an income for li...
  • How the gender gap hits women’s retirement savings as well as pay

    Posted on
    A recent study has found women are generally less well prepared for retirement compared to men. The research, carried out by savings company Standard Life, reveals that whilst over half (55%) of men own a pension, this figure falls to just over a third (36%) in women. Even more alarmingly, more than seven in ten (71%) of women stated that they did...
  • Be aware: HMRC payroll investigations on the rise

    Posted on
    Recent figures released through a Freedom of Information Request have revealed that payroll investigations last year led to HMRC collecting £819 million of additional tax, a figure that represents a year-on-year jump of 16%. It has been suggested that the increase is due to a ‘grey area’ over whether a taxpayer is considered to be ‘employed’ or ‘se...
  • What is the tapered annual allowance and how could it affect you?

    Posted on
    One of the key advantages of saving for your retirement through a pension scheme is the tax relief you receive on the money you contribute, usually available at your usual rate of tax. The ‘Annual Allowance’ limits the amount of contributions both you and your employer can make to your pension in a year which benefit from tax relief, and is current...