Did you know that you no longer need to crystallise your pension plan when you are 75 years old?
Posted by Andrew_Smith on Thursday 30th of May 2019
The extra freedom granted by the pension changes introduced in April 2015 is good news for all pension savers. However, the increased options could lead to many people making the wrong decisions and paying unnecessary tax, making professional financial advice all the more important.
In the event of your death, the money and estate that is left behind for your loved ones may be subject to tax and the amount of tax they may have to pay can be quite complex to work out. The government have provided the table below to give a bit more of an unde...
Improve Your Relationship with Money by Answering These 5 Questions
Posted by Andrew_Smith on Wednesday 1st of May 2019
Many people have a complicated relationship with money. Hang-ups carried over from childhood experiences get mixed together with positive and negative experiences from adulthood. Few people ever take the time to reflect on what money really means to them and how they can “get right” with money to make smarter decisions.
Take time to answer these 5 questions and you’ll do a better job of living your best life possible with the money you have.
1. What’s your first money memory?
Your earliest experiences with money probably happened in your ...
This is how to make a good decision when life throws you a tough choice
Posted by Andrew_Smith on Thursday 4th of April 2019
No matter how thorough our planning is, life inevitably tosses curveballs at us. Often these challenging moments are linked to major life transitions that affect our families, our careers, and our money. Balancing these variables can make arriving at the best decision that much more complicated.
Snap decisions are usually the least effective in the long run. Instead, take a breath, and let these decision-making strategies lead you towards the best possible outcome.
1. Discuss the decision openly and honestly with your spouse.
The harder ...
Financial Planning is About Making Your Life Plan a Reality
Posted by Andrew_Smith on Tuesday 26th of February 2019
Many people who have just begun working with us are surprised by how our planning process starts. We don’t begin by talking about ISAs, Pensions or how much you’re saving. Instead, we begin by talking about you, not your money.
Putting your life before your financial plan.
As Life-Centred Planners, our process begins with understanding your life plan. We start by asking you about your family, your work, your home, your goals, and the things that you value the most.
Our job is to build a financial plan that will help you make your life pl...