4 Oct 2023

In recent years, property has been viewed as an ideal investment asset. In 1980, the average house sold for just £19,273. That compares to £239,927 in 2020 – a staggering 1,145 percent increase. Against that backdrop some investors have begun to assume that property prices only move in one direction: up.And this seemed true, for

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Posted by Jon Lawson
2 Aug 2023

How Should You Respondto Rising Interest Rates?What are interest rates?Interest rates are the cost of borrowing money or the return on investment for lending money. Interest rates play a crucial role in the economy and financial markets as they influence borrowing and spending behaviour, investment decisions and overall economic activity.The Bank of England uses interest

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Posted by Jon Lawson
22 Mar 2023

Analysing the…Budget for GrowthThe Chancellor Jeremy Hunt’s Budget last Wednesday (15 March) had one overarching goal: to steady the ship of the British economy amidst banking turmoil in the United States.Hunt’s Budget also provided an opportunity for the Chancellor to distance himself from the disastrous ‘mini’ budget of his predecessor Kwasi Kwarteng back in September.Therefore,

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Posted by Jon Lawson
13 Feb 2023

Changes to Social Care FundingHow to Navigate New Capital Gains Rules In September 2021, the Government set out plans to reform adult social care in England. It said that £5.4 billion would be used to fund the reforms between 2022/23 and 2024/25:The funding was initially planned to come from the new Health and Social Care

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Posted by Ian Evans
27 Oct 2021

The Government introduced Auto Enrolment in 2012 to help more people save for their retirement. Since then around 10 million people have been auto enrolled and are saving for their retirement with their employer’s help.

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Posted by Jim Bloodworth
27 Nov 2020

Stock market crashes create anxiety for investors, especially those who – like most retired people – are withdrawing regular sums from their investments to provide the income they need. But FiveWays’ retirement income planning strategy, which we call ‘bucketing’, means clients are insulated from all but the very worst possible stock market disasters.

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Posted by Chris Gilchrist
2 Oct 2020

Save tax in retirement How using the correct sequence of withdrawals from your capital can save tens oif thousands in tax. Chris Gilchrist and Charlie Lane explain.

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Posted by Chris Gilchrist
27 Aug 2020

Ian Evans, Head of Later Life Advice at Fiveways Financial Planning, talks to Chris Gilchrist about how to identify scams aimed at the elderly and the right way to use Lasting Powers of Attorney.

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Posted by Chris Gilchrist
21 Jul 2020

All you need to know about inflation with Chris Gilchrist

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Posted by Chris Gilchrist
21 Mar 2019

According to some conspiracy-theory American websites, the world is so overloaded with debt that it will have to undergo a blast of high inflation to reduce the real value of that debt and set consumers and governments free from their debt burdens.

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Posted by Chris Gilchrist
13 Feb 2018

The austerity years produced many small changes to the tax and benefit system that cut people’s entitlements. One of them was the restriction of child benefit payments where either parent earns over £50,000 a year. For every £100 of earnings above that level you lose 1% of your child benefit – in fact you still get the benefit paid, but part of it is clawed back from higher income tax payments via your tax code. If you earn over £60,000 you get no child benefit at all.

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Posted by Jim Bloodworth
13 Feb 2018

A rising tide of pension scams is an unwelcome consequence of the ‘pension freedoms’ introduced in 2015. Because people can now get access to their whole pension fund if they wish once they reach age 55, it is worth fraudsters’ while to try and persuade them to transfer this money to dodgy investment schemes. Such frauds, where victims have lost all the money they had in their pension fund, are reported in the Press almost every week. Mostly, they involve investment in schemes or companies that transfer your money to the fraudsters.

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Posted by Jim Bloodworth