Archive for the ‘Financial Planning’ Category

PK Partnership Mortgage

Keeping it in the family

Careful planning can reduce or even eliminate the Inheritance Tax payable. Intergenerational planning helps you put financial measures in place to benefit your children later in life, and possibly even your future grandchildren, so it’s important to start planning early. You may want to keep an element of control when passing on your assets. You [...]

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Image Courtesy of Patrícia Almeida on Flickr

Paying Inheritance Tax

Estimating how much liability you could leave behind for your loved ones Usually the ‘executor’ of a Will or the ‘administrator’ of the estate pays Inheritance Tax (IHT) using funds from the estate. An executor is a person named in the Will to deal with the estate – there can be more than one. An [...]

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PK Partnership Budget Savings and Pensions

Pensions: Annuity options for long-life planning

Life expectancy has stopped increasing, according to a report from the Office for National Statistics (ONS) issued in September, but we are still living longer than ever before. Between 2000 and 2010, average life expectancy at age 65 rose by 2.4 years for men and by 1.8 years for women. However, since 2010 improvements have [...]

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Image courtesy of Flickr_Pink Sherbert Photography

Headline increases and frozen thresholds in the 2018 Budget

The last Budget before Brexit proved to be more interesting than expected. The 2018 Budget was delivered five months before the Brexit deadline and the start of the 2019/20 tax year. It threatened to be an interim affair, as decisions announced in October risk appearing seriously out of date by the time April arrives. In [...]

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PK Partnership cost of financial advice

Make your Will the right way…

Like all legal documents, your will must meet certain requirements. Firstly, a will must be signed and witnessed to be valid. You must have two witnesses who can’t be beneficiaries or be married to a beneficiary. If your circumstances change – perhaps selling a business or having a child – you will need to update [...]

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Image courtesy of Flickr_Pink Sherbert Photography

Lessons from a record bull run

The US stock market recorded its longest ever bull run in August 2018. A new record was set for the Standard & Poor’s 500 (S&P 500) index on 22 August 2018, when the market reached the 3,453rd day of a run that started on 9 March 2009. The index has also achieved numerous all-time highs [...]

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Image courtesy of John&Fish, Flickr

Getting married – doing the right thing

There are many misconceptions around the rights of the 3.3 million unmarried couple families in the UK. The government has recently announced that heterosexual couples will be able to enter into civil partnerships in England and Wales, but there will still be many unmarried couples who see no advantage in a marriage or civil partnership. [...]

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Image Courtesy of Flickr_Ishan Manjrekar

Budget Snapshot 2018

The Budget statement was delivered today at 3.30pm by the Chancellor of the Exchequer, Philip Hammond. This is the first Monday Budget since 1962, the year Ipswich Town were Football League Champions for the only time. The Budget is a report presented each year by the Chancellor of the Exchequer to Parliament and the nation. [...]

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Image Courtesy of Flickr_Ishan Manjrekar

What are my digital assets?

How many things in your life do you manage or store on your computer, tablet, smartphone or online? Like many people today you probably access photos, videos, music, e-books, blogs, movies, emails, conversations, social media, games, bank accounts, medical records, and even maintain your identity – all online. All of these are called “digital assets” [...]

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PK Partnership Mortgage

Scams and Cold Calling: Pensions

Be wary of cold-callers who offer a ‘free’ pension review — it could cost you more than you think. There has been an increase in the number of cold calls since pension freedoms were introduced in 2015, including from fraudsters trying to persuade people to move their pension into unregulated investments. The government has proposed [...]

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