Newsletter
These articles help you understand your financial needs and aspirations
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- Divorce
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- Tax Planning
Guide to the Spring Statement 2025
The Chancellor, Rachel Reeves, delivered her Spring Statement 2025 on Wednesday 26 March. Keeping to her promise of one fiscal event per year, she made no new tax announcements. Instead, she focused on measures to boost housebuilding and defence spending while making substantial welfare cuts.
The Office for Budget Responsibility (OBR) has lowered the UK's 2025 growth forecast from 2% to 1%, but it expects improved growth in the years leading up to 2029. Reeves acknowledged the challenges, stating that achieving economic growth will require time, tough decisions and persistent effort. However, she mentioned that people would be 'on average over £500 a year better off' under a Labour government – a figure she claimed the OBR has confirmed.
Labour's welfare cuts are expected to save £4.8 billion, with reductions deeper than initially anticipated. Day-to-day spending remains safeguarded, except for the aid budget. Defence spending is set to increase by £2.2 billion next year, aiming for 2.5% of GDP in the future. Due to Labour's planning reforms, housebuilding is projected to reach its highest level in 40 years.
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
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