A power of attorney (POA) allows you to appoint someone you trust to make decisions on your behalf if you become unable to do so. It is a really important piece of financial planning, as it should provide continuity in the event that you are unable to make important decisions. We’ve summarised below the key …
For a tax return, particularly for those with complex financial affairs, having comprehensive and accurate data is crucial. Here is a list of the most important information and documents you will need: Personal Information National Insurance Number: Your unique identifier for tax and benefits purposes. Unique Taxpayer Reference (UTR): Your personal tax reference number. Personal …
Times have been unusually tough for a lot of people in recent years. Even people with a decent income have been squeezed by inflation. For them, the process of budgeting extends beyond mere expense tracking. It’s about strategically managing resources to sustain and grow wealth, aligning spending with values, and preparing for future financial goals. …
Introduction July 2024 was a big month for politics with the UK election decided and some major twists and turns in both the US and France. The Bank of England have cut rates, the Fed kept the rates at the same level but there is an increasing expectation that they will cut them in September. …
Pensions have been a big topic in UK politics for some time, nevermore so than in an election year. That’s no surprise to us given their crucial role in the financial security of millions of citizens, but not everyone is as interested and engaged in pensions as we are! Here’s a quick summary of why …
Gifting is the act of giving money (or a ‘chattel’) to someone for nothing in return. It’s common for people to do this occasionally for family members, but there are specific tax rules to remember, especially concerning inheritance tax (IHT). Here are some key points to consider: Annual Exemption: Each tax year, you can gift …
Introduction June 2024 was a big month for global financial markets, marked by significant volatility and key economic developments. The interplay of geopolitical tensions, economic data releases and central bank policies shaped market sentiments across various regions. UK Inflation slowed to 2% in May, which is in line with the Bank of England’s target. However …
Filing your accounts early doesn’t mean you have to pay your tax early. It just means you know how much you will need to pay, and that offers a number of advantages. Here are some compelling reasons why it might be a beneficial move: 1. Improved Financial Planning and Analysis Filing early provides more time …
We’re all busy people and our spare time is very precious to us. So it’s no surprise that many of us are neglecting vital life admin and instead spending time on – how shall we put it? – less important pursuits. According to research by Moneybox, UK adults spend an average of 48 minutes a …
Introduction The global financial markets continue to grapple with a complex mix of geopolitical tensions, inflationary pressures, and evolving central bank policies. The past year has seen significant shifts in market dynamics, with varying impacts across different regions. This commentary provides an overview of the key factors influencing financial markets in the UK, Europe, the …
