Newsletter

These articles help you understand your financial needs and aspirations 

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  • Divorce
  • Financial Planning
  • Inheritance Tax
  • Investment Risk
  • Pensions
  • Protection
  • Retirement
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  • Tax
  • Tax Planning

Maximising The End of the UK Tax Year 2024/2025

The UK tax year is a well-structured framework governing tax assessment and collection. It begins on 6 April and runs until 5 April the following year. As we approach the end of the 2024/25 tax year, maximising available opportunities is essential to make the most of your finances. Time is running out to review your plans and fully capitalise on tax-saving options. On page 12, this article explores some key strategies to ensure you finish the tax year in a strong position and make your money work harder for you.

Wealth transfers of financial legacies

Are you among the many families unprepared and lacking structured plans?

 

‘Grey divorce’

Understanding the financial impacts of divorce over 50

 

Empowering your retirement savings

Understanding how SIPPs work to help you maximise your retirement investments

 

Trust in your future

Is now the time to consider protecting and managing your wealth for future generations?

 

How would you cover some or all of the cost of an Inheritance Tax liability?

Especially when your primary aspiration is to pass on as much wealth as possible to loved ones

 

Maximising the end of the UK tax year 2024/25

Time is running out to review your plans and fully take advantage of any tax-saving options

 

It’s good to talk

How to approach financial conversations with older family members

 

Do you fall into the 60% tax trap?

Making additional pension contributions could mean lowering your effective tax rate

 

Understanding retirement decisions

The impact of pension lump sums and their long-term implications

 

Long-term Investing

The optimal time to invest is shaped by your personal goals and circumstances

 

Dreaming of achieving the lifestyle you want in retirement?

How to maintain your quality of life and pursue the activities and experiences you value most

 

Long-term later-life care costs

Understanding the options that could alleviate this burden and help you feel more in control

 

Markets respond unpredictably to rapidly evolving events

Understanding the impact of rising interest rates on investment trusts

 

Maximising your money

Navigating life’s twists and turns without jeopardising your financial stability

 

Avoiding financial pitfalls

Recognising common mistakes can help protect your wealth

 

Visualising life's destination

Helping you stay on track even in unpredictable circumstances

 

Managing your finances with confidence

Creating a roadmap for realising life's objectives is key

 

Currency conundrums

What is the impact of exchange rates, and why are they important?

 

Supporting your grandchildren financially

Providing a financial head start and paving the way for a more secure future

 

How realistic is your vision for retirement?

Deciding when to retire and being financially ready to sustain that dream are two very different things

 

Are your capital gains causing you a financial headache?

Without a clear strategy, you might end up paying more tax than necessary

 

Growing your wealth

Reinvesting dividends can significantly boost your investment returns over the long haul

 

Autumn Budget Statement 2024 - What it Could Mean For Your Finances

Welcome to our latest issue. On 30 October, Chancellor of the Exchequer Rachel Reeves will deliver the Autumn Budget Statement 2024. It will be a critical indicator of the government's approach to managing the economy, aiming to foster an environment conducive to sustainable growth. The outcomes of this Autumn Budget will have far-reaching implications, potentially influencing everything from tax rates and public services to business investment and consumer confidence. As such, it is a pivotal moment that will shape the economic landscape in the months and years ahead. On page 10, we look at what it could mean for your finances.

Could you have been underpaid the State Pension?

HMRC estimates that affected women could be owed an average of £5,000 each

 

Pension scams on the rise

Protect your savings! 7.3 million UK adults encountered an attempted scam in the past year

 

Navigating the complexities of inheritance

Should you consider estate planning and gifting for future generations?

 

Mastering financial planning

Essential tips for mothers balancing family and finances

 

Autumn Budget Statement 2024

What it could mean for your finances

 

Time to revisit your retirement plan?

Helping you feel more prepared for this stage of your life

 

The middle-aged squeeze

Juggling careers, family care and financial pressure amid rising costs and wealth transfers

 

The cost of early withdrawal from your pension

How retirees are impacting their financial future by accessing pension pots too soon

 

Rising demand for health cover

Grappling with a workforce sickness epidemic and long NHS waiting times

 

Building wealth and achieving financial goals

Aligning investments with risk tolerance and capacity

 

The future of retirement

Experiences of the past and potential future scenarios

 

The Great Unretirement

Contemplating a return to work after a significant absence or considering a phased return?

 

Sandwich generation

Two-thirds of people in the UK will care for a loved one at some point

 

Take your pension to the max

Do you have potential shortfalls and need to address these gaps?

 

Empowered savers

How to make future aspirations more attainable and less stressful

 

Shaping a sustainable future

The imperative of collective action and responsible investment

 

New study uncovers financial vulnerability in five million UK households

Delayed life milestones and lack of planning pose significant risks

 

Redundancy and your pension

Understanding your workplace pension options to navigate your next steps confidently

 

Have you secured your legacy?

The vital role of Wills in estate planning

 

Should you use your pension lump sum to pay off your mortgage?

Essential key considerations and potential pitfalls you need to know

 

The retirement gap

Why UK retirees are working seven years longer than planned

 

The rise of remote work and moving abroad

Becoming a UK expat can mark the start of an exciting chapter, but what about your pension?

CCFP - Pre-Year End Tax Planning Newsletter

As we approach the end of the current tax year on 5 April 2024, it's an opportune moment to examine both your personal and business finances to ensure they are structured to optimise your tax efficiency. Despite the ongoing freeze on many tax rates and thresholds, numerous strategies remain for efficiently organising your financial matters. 

Articles featured in this issue:

 

Planning for an early retirement 

Living life to the fullest and accomplishing long-held dreams

 

Wealth accumulation

Valuable insights that can impact an investment strategy

 

Adjusting your pension plans

How could the normal minimum pension age change affect your plans?

 

What will your legacy look like?

Effective Inheritance Tax planning is a careful balancing act

 

Pre-year-end tax planning

Tax-saving actions to take before the deadline

 

Managing your finances as a couple

Discussing finances may feel uncomfortable, but it is crucial to maintain a healthy relationship

 

Harnessing the power of Green Pensions

One of our most potent tools in making substantial strides towards net zero

 

Protecting yourself from investment scams

If something sounds too good to be true, it probably is

 

Navigating through divorce

Safeguarding your future financial stability and preserving your wealth

 

The 'Bank of Family'

A £38 billion lifeline for modern parents

 

Young visionaries eye early retirement

The power of small changes can lead to a path to significant returns

 

Pension puzzle

Research highlights the gender disparity in financial engagement

 

The gift of giving

Distributing assets or cash without contributing to your estate's overall value for Inheritance Tax purposes

 

Jeopardising financial stability

Protecting you and your family’s financial future

 

The impact of disability on financial planning

Report highlights retirement savings must be inclusive for everyone

 

Health consciousness divide

Why prevention is better than cure 

 

Postponing retirement

An increasingly growing trend in Britain

 

Unpredictability of financial climates

Strategic diversification of your investments can be your first line of defence

 

Life’s complicated. Getting life insurance shouldn’t be

Make sure your loved ones are looked after should the worst happen

 

Proactive retirement planning

A growing trend among mid-lifers prioritising their future financial stability

 

Age is not just a number

The impact of an increased lifespan on your retirement finances

 

The £26 billion lost pension maze

Unclaimed pensions could mean thousands of pounds added to your retirement fund