Write a Will in 2014 and protect your loves ones

writing a will

I can put off writing my Will – can’t I? New Year’s Resolutions are apparently made to be broken, and many people set off at the turn of the year with good intentions to write their Will but here we are in February and so it goes on. The truth is if you are one of them you are not alone; with about 65 per cent of the adult population having the same lethargy. All I can conclude is that writing a Will is something that… should be put off for a rainy day is not relevant for people who own a home or savings is unimportant for their partner and friends does not matter as … [Read more...]

Redundancy Insurance options


Legal & General ‘Lifetsyle’ Redundancy Cover Reviewed Loosing your job is a scary thought for most employees so protecting your income through redundancy cover is an excellent idea. This is even more important if you have taken on a large credit commitment such as a mortgage or loan. In recent years taking out unemployment cover has been an expensive exercise and those who chose to do it have hefty premiums. Why, well jobs were being lost left right and centre and the intensity of claims pushed the prices sky high. About eighteen months ago a new product was launched by Legal and … [Read more...]

Free Tax Assessment On Your Buy To Let With Multiple Occupants

tax advice services

Buy to Let Tax advice service We have been coming across a number of clients who are paying too much tax on their existing buy to lets with multiple tenants in them. It’s not their fault, and it’s not even obvious to their accountants who often are multi-facetted not necessarily property tax experts. The key area that is often missed is the property capital allowance element. If you think you have this covered then good for you but sadly most landlords miss out on this opportunity to save money, which can be as much as 5% to 10% of the property purchase price, and can be claimed … [Read more...]

Looking for investment returns with low risks


Fed up of disappointing savings rates? Want a safe place to invest? Improve your chances of making money without the risk By Richard Stokes, Independent Financial Adviser Savings rates are generally poor and have been for the last few years. So why do the British public obsess about keeping their money in the building society? Well it’s not just a case of better the devil you know – many people that have ventured outside the safe building society walls have been painfully burnt in recent times. So how can you improve on the low interest rates without entering into a world littered by … [Read more...]

High net worth insurance

Home Insurance

When it comes to high net worth home insurance look beyond the sales gimmicks Getting home insurance for high net worth properties is an essential part of managing risk and when it comes to finding a suitable cover it is essential that you partner with a specialist within this sector. It can be easy to fall into the trap of collecting cute mammal soft toys from internet web portals but when you are staking your worldly goods such as your home and its contents you owe it to yourself to do the job properly. When it comes to insuring properties that are valued over £1 million the insurers … [Read more...]

High-value home insurance

Home Insurance

High-value home insurance buildings and contents for UK  properties over a million pounds Before I wrote this article I typed in Google ‘high-value home insurance’ and I was inundated with lots of adverts and links on all or claiming that they had the right solution. In reality most of those sites were just generic comparison sites offering vanilla products usually limited to £1 million pounds buildings insurance cover and are wholly inadequate in terms of quality contents insurance cover. Some of the more glamourous websites take you to a ‘high net worth insurance section’ where they … [Read more...]

Insurance costs to go up after the EU gender directive

home insurance

The cost of protecting your family and belongings is set to rise after 21 December 2012 For quite a number of years life insurance costs have been actually going down for many and one of the biggest beneficiaries have been women in general as statistically they live longer. This has meant significantly lower charges for ensuring women for insurances but this is set to change on 21 December 2012 when the EU gender directive will be enforced in the UK. Women can no longer be charged less than men just because they’re ‘women’. This means it could cost more for life and other insurances if … [Read more...]

Will I Get Tax Relief On My Pension Contributions

Do I qualify for tax rebate on what I’m paying into my pension? There are two main criteria when assessing whether you will qualify for tax relief on your pension contributions: Whether you are considered to be a ‘relevant UK person’ How much you have already contributed in the year As you might expect there any many legal technicalities round the qualification for tax relief on personal pensions. In this short article I will provide the salient points, however for an answer specific to your own individual circumstances I suggest you speak to an Independent Financial Advisor, such as … [Read more...]

Personal Pension advice for self employed business owners

Self invested personal pensions (SIPPs)

Getting the right pension advice is key if your self employed want to plan for your retirement in the right way. If you are self employed I should imagine you do not have time to trawl through pension brochures and their small print, and dare I say even pause to think about your income in retirement. Time does appear to accelerate as you get older. Personally, I cannot believe my kids have completed their summer holidays when it only seems like yesterday they were breaking up. For most people, pensions are a dry subject but sadly they are a necessity unless you wish to literally work until … [Read more...]

Stakeholder Pension

Richard Stokes niche advice

A stakeholder pension is effectively a low personal pension. The only way that a stakeholder pension differs from a personal pension is that a stakeholder pension has certain minimum standards that it needs to adhere to. For example, the charges and investment choice are restricted and the entry level in terms of minimum contributions is low. Investment Options Depending on the provider there may be a default investment choice. This may be the only choice, or there could be a choice of funds available. With profits funds are allowed in theory, but the fund cannot contain any element which … [Read more...]