Should I invest into a pension or an ISA

Investors looking for tax-efficient ways to build a nest egg for retirement often look to both Individual Savings Accounts (ISAs) and pensions. Tax-efficiency is a key consideration when investing because it can make a considerable difference to your wealth and quality of life. However, the type of investment and tax-efficiency is a common dilemma faced…

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A Guide to Managing Investment Risk

Welcome to our guide to managing investment risk. One of the most effective ways to manage investment risk is to spread your money across a range of assets that, historically, have tended to perform differently in the same circumstances. This is called ‘diversification’ – reducing the risk of your portfolio by choosing a mix of…

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Trusts

Trusts are all about protecting, preserving or ultimately distributing your wealth. As part of your Inheritance tax planning, you may want to consider putting assets in trust – either during your lifetime or under the terms of your Will. Putting assets in trust – rather than making a direct gift to a beneficiary – can…

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Providing a financial safety net for your loved ones

We would rather not think of the time when we’re no longer around. But it’s important to protect the things that really matter – like our loved ones, home and lifestyle – in case the unexpected happens. Life insurance (sometimes called ‘life cover’) is all about making sure your dependants have the money they need…

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Long-term Care Insurance

Long-term care insurance provides the financial support you need if you have to pay for care assistance for yourself or a loved one. It involves a variety of services designed to meet a person’s health or personal care needs during a short or long period of time. These services help people live as independently and…

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July/August TIPS Financial Magazine

The latest TIPS Financial Magazine is now available to download from our website. Inside, you’ll find an array of articles about how we can help you further to plan, grow, protect and preserve your wealth. As we all know, the ultimate goal money can buy is financial freedom. Volatility fluctuates based on where we are…

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Income Protection Insurance

It’s important to be able to keep your finances healthy as you recover from an illness or injury. Being unable to work can quickly turn your world upside down. No one likes to think that something bad will happen to them, but if you couldn’t work due to a serious illness, how would you manage…

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Passing assets efficiently to the next generation

No one wants to think about their hard earned wealth going to waste after they die. It’s up to you to decide who gets what. The people who could benefit from your estate include your partner or spouse, children and other family members, friends, and charities. Family dynamics are complex, but they tend to be…

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Minimising the financial impact on you and your loved ones

What would life be like if you were diagnosed with a serious illness? Things could change very suddenly. You’d get your family together and tell them what was going on. Before long, you’d start spending time in hospital for treatment. You may also need to take some time off. It’s hard to know what the…

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A guide to your retirement countdown

We’ve put together a guide to your retirement countdown to help you see if is it time to review your financial plans with a financial check-up. If you are aiming to retire within the next five years, it’s time to get into the mindset of considering the practicalities of fulfilling your desired lifestyle and making…

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Lifetime Allowance

An estimated 1.25 million people are set to breach the current lifetime allowance (LTA) limit of £1.055 million for pension tax relief over the course of their working life, according to new research published [1]. The LTA is a limit on the amount of pension benefit that can be drawn from pension schemes – whether…

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Why silence isn’t necessarily bliss

Over six million adults refuse to discuss their Will with loved ones. Making a Will is very important if you care what happens to your money and your belongings after you die, and most of us do. But have you tried to talk with your children about your Will? If that conversation isn’t happening, you’re…

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