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Dafferns Wealth

Retirement Questions

What questions should you be asking before you access your pension?

According to HMRC, record numbers of people have been taking money out of their pensions since the beginning of the year. 348,000 people made a withdrawal between January and March, a 23% increase from 284,000 in the same quarter in 2019. The value of the payments was £2.46bn, the highest amount recorded for that period …

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Cash Flow

4 top tips on preserving your cash flow

Cash has always been king in running a business, especially when SMEs typically only have a 27 day cash buffer, according to JP Morgan. So as businesses struggle to cope with the effects of the coronavirus pandemic, we look at four key areas in maintaining a positive cash flow. Measure your position Thinking about the …

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Financially Independent

5 key points about becoming financially independent

Financial independence can seem like the holy grail. We may be striving towards it but feel bombarded by lots of conflicting messages on how best to attain it. These five points give an interesting perspective: Income is not the same thing as wealth Having a high salary can help you accumulate wealth but that’s no …

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Property Ladder

How to get your child on the property ladder

It’s a tough environment for first time buyers. Rising house prices and stagnant wage growth have pushed up the average age of buying a first property to 33. What’s more, first time buyers need to borrow 18 times more than those in the 1970s. Given this context, it’s unsurprising that more and more parents and …

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Tax for over 40

Could over 40s pay more tax to solve the social care crisis?

Cash has always been king in running a business, especially when SMEs typically only have a 27 day cash buffer, according to JP Morgan. So as businesses struggle to cope with the effects of the coronavirus pandemic, we look at four key areas in maintaining a positive cash flow. Measure your position Thinking about the …

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Categories Tax