Considering the death of a loved one isn’t a conversation many would like to think or talk about; however, it can be an important one. Losing someone – especially a spouse or partner, can have a huge impact on the family finances if you are not prepared for it. It could mean having to rely…
We are very pleased to announce Beccles Cycle for Life is back for 2019! The event will take place on Sunday May 12th 2019 at 10am; participants will be setting off from Sir John Leman High School. The event is run by the Rotary Club of Beccles, with profits from the event split between the Rotary Club…
You have worked for most of your life and paid your taxes, so it seems all too unfair to be taxed again when you die, however, simply by taking professional advice and planning ahead, there are ways to mitigate your potential inheritance tax bill. As financial advisers we are often asked about inheritance tax, “how…
“Diversification – spreading your money between different kinds of investments (called ‘asset classes’) and different kinds of investment product – helps reduce the risk of your overall investments (referred to as your ‘portfolio’) under-performing or losing money”.– The Money Advice Service. Markets and global news can affect the performance of your investments in both positive…
Do you need income protection? “Each year one million people suddenly find themselves unable to work due to serious illness or injury. 10.8 million households, more than 60% of working families, would see their income fall by more than one third if the main earner had to stop work due to ill health, and they…
People now have more options and flexibility when it comes to their retirement plans, but making the wrong choice could prove costly. The once rigid pension drawdown rules may have been relaxed but confusion is rife. As a result, there is growing concern that many people are ill informed and won’t appreciate the implications of…
One of the most common questions people ask when you bring up the topic of financial advice is: “What do financial advisers do?” A good way to understand the role of an IFA is to compare the way you manage your money with the way you look after your car. Most of us can sort…
A date for the diary We are pleased to announce Beccles Cycle for Life is back for another year! The event will take place on Sunday May 13th 2018 at 10am; participants will be setting off from Sir John Leman High School. The event is run by the Rotary Club of Beccles, with profits from…
It can come as a surprise to many people to learn that their pension doesn’t form part of their estate on death. Unlike property, savings and investments which can all be dealt with under the terms of your Will, who gets your pension savings depends on who you nominated when you were asked to complete…
In further evidence that pensioners are seeing their incomes rise, those in retirement have seen their annual tax bill grow by 5.7% to an average £7,410 (2015-16 tax year)1. Nearly 30% of pensioner household income was taken up with paying the taxman, and this figure includes income tax, council tax, VAT, insurance premium tax and…