Over the years, I’ve had hundreds of conversations with people about their finances and I’ve come to realise that wealth means very different things to different people. For some, it’s about freedom: the ability to choose how you spend your time, where you live, and who you spend your days with. For others, it’s about…
The recent news of Liam Payne’s untimely death and the complications surrounding his £24 million estate serves as a powerful reminder of the importance of having a valid Will in place—regardless of age or perceived invincibility. The former One Direction singer tragically died at just 31 years old, leaving behind significant assets including money, property,…
Compound interest has been described as the eighth wonder of the world. Understanding its effects is essential to success in investment, yet it remains a mystery for many people. We are talking about returns where the gains are added to the capital sum, to which each successive period’s rate of return is applied. The…
Every year, in the run-up to and after the tax year-end, you see article after article telling you about your tax allowances and how to use them. And if you have already got a financial adviser, the chances are you are already aware of this and your adviser should be taking advantage of these allowances…
Every business owner will eventually face the question: How will I exit my business, and what will I walk away with? Whether you run a small, owner-managed enterprise or a growing company, having an exit strategy in place ensures a smoother transition and helps you maximise your financial return. Why Plan Your Exit Early? An…
When starting a business, optimism, and enthusiasm often take centre stage. Partners embark on their venture with trust and shared vision, rarely considering what might happen if circumstances change. However, as businesses evolve, a dose of realism is essential—especially when it comes to protecting the future of the company and its shareholders. A Shareholder Agreement…
When you inherit wealth, it’s natural to want to keep it within your family, especially if your marriage or civil partnership comes to an end. But can you prevent your spouse from claiming a share of your inheritance in a divorce settlement? The answer depends on various factors, including how the inheritance is used, the…
When it comes to retirement planning, how do you compare to the national average? According to the Pensions and Lifetime Savings Association (PLSA), a couple needs a net income of £30,600 per year (£36,200 in London) to enjoy a moderate standard of living in retirement. Yet, research suggests that only 42% of UK households are…
When it comes to estate planning, most people focus on securing their loved ones’ futures, ensuring assets are distributed fairly, and minimising tax implications. However, history has given us some truly bizarre and eccentric wills, proving that some individuals use their final wishes to make a lasting (and often peculiar) impression. Here are some of…
Individual Savings Accounts (ISAs) have been a staple of tax-efficient investing for over two decades. Offering tax-free growth and withdrawals, ISAs allow individuals to invest up to £20,000 per tax year, making them an essential part of a well-rounded financial plan. Use It or Lose It Unlike pension allowances, ISA allowances do not roll over.…
