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Succession planning
Preparing yourself, your family and your business for the future
The operational demands of running a family business or other closely held enterprise can be all-consuming, but business leaders must take the time needed to assess their organisation’s business succession planning.
Estate planning and Inheritance Tax
Don’t jeopardise the livelihood of your family and your business partners
Owning a business is time-consuming. Your focus is on managing the day-to-day tasks while growing the business. There’s little time left to think about anything else, especially what would happen if something happened to you. Not having an estate plan in place risks undermining a lifetime of work and jeopardising the livelihood of your family and business partners.
Enhancing retirement through lump sum contributions
Contributing additional amounts to your pension stands to benefit you significantly in the long term
Recent research findings have brought to light a striking observation: fewer than 10% of adults in the UK contribute occasional lump sums to their pensions[1]. This statistic is particularly surprising given that such contributions could significantly amplify one’s retirement savings.
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Britons procrastinate on making a Will
Research identifies that over half of adults do not have a Will
Recent research has uncovered that a staggering 51% of adults in the UK have neither penned a Will nor are they in the process of doing so[1]. This statistic encompasses 13% of individuals affirmatively declaring no future plans to undertake this task.
Prudence of perseverance in investing
Maintaining an investment stance centred on the potential for long-term growth
For investors, the perennial question of whether to ‘stick or twist’ with their current investments or pivot towards the perceived safety of cash is fundamental. Numerous factors influence this decision, which plays a pivotal role in the journey towards financial prosperity.
Costs of later-life care
Establishing a thorough wealth strategy is key to ensuring financial readiness
The financial implications of care in later life are often underestimated, leaving many unprepared for the substantial costs associated with care homes. Establishing a thorough wealth strategy is key to ensuring financial readiness for long-term care needs.
Changes to Individual Savings Accounts in 2024
Why savers and investors now have a more flexible approach
Individual Savings Accounts (ISAs) offer a versatile and tax-efficient way to save for the future, whether for yourself, your children or grandchildren. Now that we have entered the new financial year, on 6 April 2024, significant changes to ISAs have been introduced.
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Enhancing pension contributions for a brighter future
New tax year, new you? Maximise your pension savings this new tax year
As we embark on the new tax year, it presents an opportune moment to review your pension savings strategy, setting a solid foundation for future financial stability. Early attention to your private pension at the onset of the fiscal year is not just about cultivating beneficial saving habits; it’s also about ensuring you fully exploit the benefits and allowances available to you.
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