Archive for the ‘Financial Planning’ Category

PK Partnership Mortgage

In Focus Autumn 2019

In the Autumn issue of In Focus, we look at: • potential changes to Inheritance Tax that could impact your estate planning • taking the long view on your investments • future proofing your retirement finances • setting up a Lasting Power of Attorney (LPAs) • a tightening of the rules on Capital Gains Tax [...]

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Image courtesy of Flickr_Pink Sherbert Photography

Moving the 65-yard line

Sixty-five years old has long been considered a pivotal age. For example, the Office of National Statistics splits the labour market into two main categories: aged 16 to 64 and aged 65 and over. Some concessionary prices are based on having reached age 65, which is still widely thought of as the age when men [...]

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PK Partnership Budget Savings and Pensions

How much is enough for pension contributions?

Pension contributions have recently risen for many people, but the increase may still not be enough to fund a comfortable retirement.   he latest round of pre-planned increases to minimum contribution rates under automatic enrolment (AE) workplace pensions came into effect in April. If you are one of the 10 million people who have been [...]

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PK Partnership Mortgage

Dividends riding high, but…

The value of regular dividend payments has increased steadily after the financial crisis of 2008. Dividends paid out by UK-listed companies through to 2018 rose by 85%, with £19.7 billion paid out in the first three months of 2019 – a first quarter record according to Link Asset Services. In May, however, a number of [...]

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Image courtesy of Flickr_Sheila Sund

Planning: The joy of tidying

Prioritise peace in your life: extend the Marie Kondo tidiness craze from your home to your finances. Have you ever looked at a room in your home – or even at your office desk – and wondered how you accumulated so much stuff? You might well remember when you acquired each item, but the questions [...]

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Image courtesy of Flickr_Sheila Sund

Self-employed pensions boost

The Chancellor has abandoned plans to abolish class 2 national insurance contributions (NICs). Those registered as self-employed pay class 2 NICs if their profits are more than £6,365 a year in 2019/20. Then if profits exceed £8,632, they also have to pay class 4 NICs. Typically, these NICs are paid through the self-assessment system. The [...]

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Image Courtesy of Flickr_Ishan Manjrekar

Ringing the changes of the new tax year

The tax year 2018/19 ends on Friday 5 April, which means it’s time to start planning for the new tax year and tie up the loose ends of the old one. Planning for the new tax year is now affected by the shift of the Budget schedule to autumn. The result is that changes announced [...]

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PK Partnership cost of financial advice

Keeping your head – the psychology of investment

Understanding your personal biases can help you form investment strategies that work for you across good times and when the going gets tougher. Traditional finance theory starts from the principle that markets and their investors are perfectly rational. A quick look around will convince you that such an idea is optimistic to say the least. [...]

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Image courtesy of smee.bruce, Flickr

Planning for the 100-year life

Your chances of reaching 100 are probably greater than you imagine. It may sound fanciful, but a 100-year lifespan is well within the bounds of probability. That could have profound implications for your retirement planning. While the average 70-year-old man now has a 4.1% chance of reaching his 100th birthday, an average 40-year-old woman has [...]

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Image courtesy of Flickr_Sheila Sund

Building your assets with infrastructure funds

Infrastructure funds are one of the less well-known types of investment, but they can offer options for those looking to diversify their portfolio. Infrastructure funds offer investors the opportunity to put their money into large physical assets, for example: – Transport assets, such as bridges, toll roads, ports, airports and rail companies. This may include [...]

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