Financial security: How Chris & Dave’s choices shaped their futures
Similar beginnings, different choices Twins, Chris and Dave grew up in the same household with similar upbringings and the same opportunities. Being creative artists they both ended up working as graphic designers. Their career paths were almost identical, and they earned similar amounts. The big difference between the two brothers, however, was their attitude to money. […]
The seven-year rule for inheritance tax
Aunty Beryl & the seven-year rule for inheritance tax Inheritance tax—the final frontier of taxation, where even after death, the taxman still has his hand outstretched, waiting to take his cut. But, as with all things in the UK tax system, there’s a loophole. Enter the “seven-year rule,” a quirky, somewhat arcane piece of tax […]
What is wealth planning?
Wealth planning – a short guide Whilst money does not guarantee happiness, it is a resource that can provide the peace of mind and opportunities needed to build a fuller and more fulfilling life. Although wealth planning sounds grand, it’s simply a phrase describing the sensible management of your money. In essence, a wealth planner’s […]
How to retire early
How do I retire early? I think we all secretly dream of early retirement. I often ask people in their twenties when they’d like to retire, and “before I am 50” is quite a popular answer. In reality, retiring early takes planning, sacrifice, careful financial management and the will to start planning early, i.e. in […]
How much money do I need to retire at 55 or 60?
What do you need to do to retire at 55 or 60? Retiring is when you choose to stop working. You should have fewer financial commitments at this point. Your children would have flown the nest, and your mortgage and any other debts would have paid off. One would think your income needs would be […]
A guide to wealth management
A guide to wealth management Welcome to our guide to wealth management. Tailored for individuals aiming to build wealth in a tax-efficient manner, this guide provides insights and real-life examples to help you grow your knowledge of this topic, and build a solid foundation for your long-term financial well-being. Before we start, let’s be clear. […]
Financial advice glossary of terms
Financial advice glossary of terms The terms used by financial advisers can sometimes feel like learning a new language. To help your understanding of the words used in the industry, we have created our own financial advice glossary of terms. Whether you’re a seasoned investor or new to the world of financial advice, understanding these […]
At what net worth do I need a wealth manager?
At what level of net worth do I need a wealth manager? The question, “At what net worth do I need a wealth manager?” is common among individuals assessing their financial planning needs. The answer is not tied to a specific figure but rather to your requirements, financial situation, and wealth goals. Whether you are […]
What is financial planning?
What is financial planning and how does it work? Financial planning is more than just budgeting or saving; it’s a comprehensive approach to managing your finances to achieve your life goals. It involves understanding your current financial situation, setting realistic goals, and creating ways to reach them. This guide will explore the concept of financial […]
What does a financial adviser do?
What does a financial adviser do? Understanding investment options, retirement plans, and exploring ways to build wealth be daunting. This is where a financial adviser steps in. In this article, we will explore the role of an adviser, focusing on how they assist with retirement planning, manage investment risks, offer advice on savings and investments, […]
