We all have heard the phrase ‘Humans are creatures of habit’. However, do habits help or hamper us when we think about money? Habits are behaviours and preferences we develop based on our views and belief systems. They are mental shortcuts or scripts that help us to navigate the world. We all have developed numerous
Firstly, war is a humanitarian tragedy. We are not ignoring this, but many may worry about the impact of war on their planning and their portfolio. We will not aim to give any geopolitical or strategic commentary. That is not, and never will be, an area we specialise in. Instead, we will look at history
Last year the government revealed new proposals for funding long-term care. At the time, much was made of the point at which someone needing to pay their care costs in full increasing to £100,000 and the overall cap on care costs being £86,000. The Government made out as if this fulfilled its manifesto promise that
A recent study promoting buying annuities has received some attention in the press. An annuity is where you exchange some or all the money in your pension for an income. The company you buy it off will pay this income for as long as you live. You can also have the income linked to inflation
Some are lucky enough to be awarded shares in the company they work for. Companies can reward their staff with actual shares or options that they can exercise sometime in the future. What is the difference between shares and options? Shares and options have different uses and benefits. These include how they are taxed. It
Relax. Live for the moment and enjoy life. Most of us know someone who, despite being well off, struggles to spend money on things that make them happy. Instead, the fear of running out of money controls their spending habits. On the other hand, there are those who struggle to think past the next few
We have previously covered the effect that inflation might have on your financial plan. However, you might also worry about its effect on your portfolio. Most of us invest to fund future spending. If the stuff you intend to spend that money on gets more expensive and you still want to buy it, you must
If you are a higher or additional rate taxpayer, there is a simple way to avoid HMRC “taking” as much tax from you. This is claiming the tax relief you are eligible for on your pension contributions. Despite this being free money, research published in Pensions Age revealed thousands of people do not claim their extra
The State Pension is a vital source of income for millions of retired people across Britain. If you are looking to get more income in retirement, a good place to start is with your State Pension. It is important to know how the system, which can be complex, works. If you are not receiving the
Against a backdrop of the continuing pandemic, global supply chain issues, plus significant concerns over rising energy prices and inflation, Chancellor Rishi Sunak has delivered his third UK Budget announcement. So, what was announced? No changes to income tax rates The Government has again stood by its election promise not to raise income tax rates.
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