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Strategic Financial Planning

UK and EU agree draft withdrawal deal

Posted by Andrew_Smith on Friday 16th of November 2018

On Tuesday 13th November, the UK and the EU agreed a draft Brexit withdrawal deal.

• The deal covers the terms under which the UK will leave the EU: the financial settlement, residency rights, a backstop to avoid a hard border in Northern Ireland and the transition period;
• It does not establish the future trading relationship between the two sides, but it includes a statement outlining a trade deal;
• The UK cabinet approved the deal following a lengthy meeting on Wednesday 14th November;
• Mrs May must now bring the deal to parliament where...

Savers in the dark about their pension

Posted by Andrew_Smith on Friday 9th of November 2018

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Are you among the 30.4 million working-age people who don’t know if their pension pot will be big enough to afford a comfortable lifestyle in retirement?

 According to a report by the Pension and Lifetime Savings Association (PLSA), some of the blame for this worrying statistic could be down to simply not knowing how much retirement income is needed. Perhaps unsurprisingly then, 70% of those questioned said they would save more if they had a target to aim for.

 So how do you go about finding the income target that’s right for you?

 We c...

Budget 2018 - Key Points

Posted by Andrew_Smith on Tuesday 30th of October 2018

Budget 2018

In a longer than usual Budget speech, and in a slightly more jocular than usual mood, the Chancellor laid out the government's vision for post-Brexit Britain. With a raft of measures aimed at shoring up businesses, infrastructure and the health service, Mr Hammond used the better than expected public finances to present an upbeat programme. Leaving some of the major announcements for last, this was a Budget to mark the coming of the end of austerity.

Some of the main announcements were:

• The personal allowance will be raised ...

5 Next Steps When You Are Concerned About an Aging Parent

Posted by Andrew_Smith on Wednesday 10th of October 2018

As your parents begin to settle into their final phase of life, their health, residence, and finances could become a factor in your retirement planning. This is especially true if you are the person your parents have tasked with settling their estates.

There’s no simple way to tackle all the logistical and emotional challenges associated with caring for an aging parent. But these five steps will help you get the help you’ll need to make sure your parent is safe, cared for, and financially secure.

1. Call a family meeting.

No two families ...