It’s not hard to argue that winter is a magical period. In northern hemisphere countries like here in the UK, it’s the time of year when cities sparkle with festive... read more →
In the recent Autumn Budget 2024, the Chancellor announced significant proposals to include pensions within the UK inheritance tax (IHT) regime. These changes are currently under consultation and are not... read more →
As we approach the end of the year, you might be thinking about the changes you want to make in 2025. A common new year resolution is to cut back... read more →
Rising life expectancy is good news but it could present some challenges, including making provisions for potentially needing additional help later in life. An Age UK report has highlighted how... read more →
Following the stocks and shares that have experienced impressive returns can seem like fun and a way to make the most out of your investments. Yet, a study indicates that... read more →
As a business owner, the Autumn Budget delivered at the end of October 2024 could affect both your business and personal finances. Read on to discover the key changes you... read more →
Research suggests the fear of running out of money later in life could be holding back millions of retirees. While spending too much too soon is a risk for some... read more →
As 2025 draws nearer, now is the perfect time to think about your aspirations for the year ahead and beyond. Read on to discover some simple questions that may help... read more →
Leaving wealth behind for your loved ones may be a priority when developing your financial plan. After all, you’ll likely want to see your family thrive and an inheritance could... read more →
If you’re working and contributing to your pension, you might think you don’t need to do any more retirement planning just yet. However, seeking retirement advice in your 30s and... read more →
Spotting a great Black Friday deal might be harder than you think – especially after Which? reported that 98% of products that were on sale in 2021 were cheaper or... read more →
You might think of your financial plan as being a way to help you reach your life goals. But it could benefit more than just you. As a financial plan... read more →
Artificial Intelligence (AI) is providing scammers with new ways to try and dupe you. One type of scam that’s on the rise that you should be aware of is “voice... read more →
The end of the year is fast approaching, and while your mind might be on celebrating the festive period, it’s the perfect opportunity to tick off some financial tasks you... read more →
Chancellor Rachel Reeves delivered the new Labour government’s first Budget on 30 October 2024. Amid the announcements were key changes to Capital Gains Tax (CGT) and Inheritance Tax (IHT) that... read more →
Almost four months after Labour won the general election, chancellor Rachel Reeves has delivered her 2024 Autumn Budget, outlining the government’s plans for this tax year and beyond. Arguing that... read more →
After six wonderful years with us, Caroline Barr has decided to embark on a new chapter in her life. Caroline has been an integral part of our company, known for... read more →
New research and real-life case studies have recently revealed that it’s possible to slow – and even reverse – your biological age. Read on to discover more about how your... read more →
Retirement on your terms is likely to be one of the key elements of your financial plan. So, as you approach or reach retirement, now is the time for you... read more →
High inflation has been a hot topic over the last couple of years, and as its pace stabilises, you might think it no longer needs to be part of your... read more →
It’s not just your personal finances that may be attractive to fraudsters. As a business owner, you might also want to consider the steps you could take to halt a... read more →
Purchasing an annuity could provide you with a regular income throughout retirement. And rising annuity rates could help your pension savings go further. An annuity is something you buy, often... read more →
What’s stopping you from retiring sooner? For many, it’s not just finances that are holding them back but their mindset too. If the excitement of retiring is also mixed with... read more →
More than 70% of Brits think Inheritance Tax (IHT) is unfair, according to a poll carried out by Tax Policy Associates in 2023. You might consider how other countries handle... read more →
If you take a proactive approach to managing your wealth, you could reduce how much Inheritance Tax (IHT) your estate may be liable for when you pass away. Last month,... read more →
Millions of students across the UK are preparing to head to university and pursue their educational goals. As a parent, you may feel proud as you help them pack up... read more →
You could uncover “lost” pension savings and boost your retirement by tracking down old pots you might have forgotten about. Read on to find out why you might have lost... read more →
Have you noticed your mood changing as the nights start to draw in? You’re not alone. In fact, researchers believe that around 3% of people are affected by seasonal affective... read more →
Balancing your long-term goals with enjoying your life now can be a difficult balancing act. Regular financial reviews could ensure you get more out of your life at every stage... read more →
If you were trying to improve your health and wellbeing, what would you think about changing? Your first instinct may be to eat healthier foods or exercise more frequently. However,... read more →
Saving for that all-important property deposit can be a challenge for a first-time buyer, especially when balancing a high cost of living while trying to set aside money each month.... read more →
In today’s fast-paced world, it’s easy to get caught up in the pursuit of more - more money, more possessions, more success. However, this constant chase can often lead to... read more →
If you know anyone who has suffered from dementia, you will understand what a cruel illness it can be. From forgetting simple things to aspects of your loved one’s personality... read more →
Failing to set out your wishes in a will could mean your assets aren’t passed on to the loved ones you’d like to benefit from your estate. As a result,... read more →
Taking a lump sum out of your pension could provide you with more financial freedom. Yet, it could also land you with a large and unexpected tax bill. Read on... read more →
When you received your last promotion or pay rise, your first instinct might have been to celebrate by splashing out on a new gadget, booking a holiday or allocating more... read more →
In a historic victory, the Labour Party won a majority in the 4 July 2024 general election. After 14 years of Conservative government, you might be wondering what the change... read more →
Often dubbed “death tax” or “Britain’s most-hated tax” in the media, Inheritance Tax (IHT) may seem complex, and you might be unsure if it’s something you should consider as part... read more →
Even for professional investors, consistently delivering above-average market returns on investments is challenging. Those who have delivered high returns over a long time frame are remembered among the world’s greatest... read more →
Although the UK summer seems to get shorter every year, there’s still no better time to explore the hidden gems of Yorkshire and Derbyshire. Whether you’re a seasoned traveller or... read more →
The amount the government collects through Inheritance Tax (IHT) is on the rise, and freezes to allowances mean it’s expected to increase further. If your family could face a bill... read more →
Imagine you could time travel to understand how your financial decisions today might affect your lifestyle in 10 or 20 years. You may be in a better position to turn... read more →
The BBC reports that heart-related deaths are at a 14-year high. One of the biggest risk factors is high cholesterol, a condition that over half of UK adults live with... read more →
Identity theft is a significant problem in the UK. Indeed, Infosecurity Magazine reports that 4.3% of the population – that’s 1.9 million Brits – had their identity stolen and used... read more →
When you think about what you want the future to look like, it’s probably not the value of your assets that comes to mind first. Instead, you might think about... read more →
Often one of the biggest benefits of a bespoke financial plan is that it allows you to devise a blueprint to follow, with your goals placed at the centre. It’s... read more →
As we approach the knockout stage of this year’s Euro 2024 Championship, I’ve been reflecting on my own memories from past tournaments over the years. From missed penalties to solo... read more →
2024 has been called “the year of elections” with an estimated 2 billion people around the world heading to the polls. Voters in the UK will have their say on... read more →
How many times have you told yourself that you need to do more exercise, started a new routine, and then stopped it altogether after a few weeks as you just... read more →
With large amounts of money changing hands, property transactions can be enticing for fraudsters. Falling victim to a scam could mean you miss out on your new home and potentially... read more →
Rising interest rates have been fantastic news for savers. But it might have left you wondering if you need to pay tax on the interest you’ve earned, and how to... read more →
According to a report from the Charities Aid Foundation (CAF), in 2023, three-quarters of people in the UK supported a charity in some way. Whether you donate money, fundraise, or... read more →
As financial planners, we often talk about the importance of working towards long-term goals and security. As part of your financial plan, you might be putting money into a pension... read more →
Consider the benefits of financial planning. If the first advantage that comes to mind is the opportunity to grow your wealth, you might be overlooking some of the intangible benefits... read more →
Celebrating 50 Years of Iconic Performances and Sporting Events By Richard Fyfe, Chartered Financial Planner at Fyfe Financial The Crucible Theatre in Sheffield, UK, has stood as a cultural landmark... read more →
Financial planning can help you to reach your life goals, and give you and your loved ones security and peace of mind. Over the next few months, you can read... read more →
When you set out how to reach your financial goals, you might think about the steps you need to take. Just as important could be considering how the unexpected might... read more →
The State Pension is often a useful foundation when you’re creating an income in retirement. Yet, a survey from Just Group found that a third of people didn’t check their... read more →
If you’re a business owner, selling your business might be a key part of your long-term finances. You may plan to use the sale proceeds to retire, provide greater financial... read more →
There’s more than one way to pass on wealth to your family. Which option is right for you could depend on a range of factors, from whether your loved ones... read more →
Every year, the UK celebrates Small Charity Week. The event’s goal is to raise awareness for the thousands of local causes which make a huge difference to vulnerable communities across... read more →
On Friday 5th April, The Children’s Hospital Charity celebrated the achievements of the Daffodil Ball, with a finale lunch. Organised by supporters of the Charity, David and Jean Fyfe, the event... read more →
In recent years, the focus on personal wellness has been a growing trend. Indeed, data reported by Statista reveals that the forecasted size of the wellness market could reach as... read more →
As a business owner, deciding how to extract profits from your firm could be a crucial decision. It may affect your tax liability and that of your company. Read on... read more →
Many people could be omitting a useful way to pass on assets when they die because they aren’t aware that pensions usually fall outside of their estate. It could also... read more →
If you’re concerned about running out of money during retirement, you’re not alone. In fact, it’s one of the top financial concerns in the UK. Being proactive and working with... read more →
Taking a tax-free lump sum from your pension could be a fantastic way to kickstart your retirement plans. If it’s something you’re thinking about, it’s important to consider the long-term... read more →
Effective retirement planning often involves weaving together lots of different threads. As you think about your retirement, you might be unsure how to bring everything together, but a bespoke financial... read more →
How do you grow your wealth when you’re investing? Choosing the “right” investments is just one of the ingredients needed for success. Indeed, your mindset and behaviours could have a... read more →
In recognition of David and Jean Fyfe's remarkable 34-year fundraising effort, we are thrilled that the Children’s Hospital Charity is hosting a celebratory lunch at Inox Dine in Sheffield on... read more →
You may already have your estate in order and have written your will accordingly, but have you overlooked the value of speaking to your beneficiaries? A new report by PIMFA... read more →
A recent survey reported by Professional Adviser revealed that 2 in 5 wealthy individuals have been the victim of financial crime. Of the 2,000 people with assets worth more than... read more →
More than 1 million investors will be hit with a Dividend Tax bill for the first time in the 2024/25 tax year, according to an AJ Bell report. Read on... read more →
A survey suggests that some retirees could risk running out of money during their lifetime because they haven’t considered how long their assets need to last. Failing to factor longevity... read more →
As Generation X, often described as those who were born between 1965 and 1981, starts to retire, research has found that many don’t feel confident about their financial future. If... read more →
When you give up work, your pension is likely to play a key role in creating an income. So, an essential part of retirement planning is often deciding how you’ll... read more →
With one eye on a forthcoming general election, the chancellor has announced a Budget aimed at generating long-term growth, with “more investment, more jobs, better public services and lower taxes”.... read more →
The 2024/25 tax year is just a month away, and chancellor Jeremy Hunt has delivered his 2024 Spring Budget, outlining the government’s plans for the next fiscal year and beyond.... read more →
Last month, I shared with you some tips on how to use podcasts and audiobooks to multitask and be more productive. I hope you found them useful and enjoyable. Podcasts... read more →
Does your job cause you stress? A recent survey found that 3 in 5 UK employees say their mental health declined in 2023 because of workplace stress. Long work hours,... read more →
Naming a Lasting Power of Attorney (LPA) is often associated with the elderly. But it could provide vital protection and peace of mind at every life stage. An LPA gives... read more →
Chancellor Jeremy Hunt could have more options ahead of March’s Budget as government borrowing halved at the end of 2023. With a general election looming, Hunt may take the opportunity... read more →
Transitioning into retirement can present new challenges, not least, understanding how to sustainably start using your assets to create an income. As you move into the decumulation phase, you might... read more →
A report suggests that life after 50 will be radically different for those who have recently celebrated the milestone or are nearing it when compared to previous generations, and it... read more →
When you start thinking about the steps you need to take when retiring, your focus might be on the financial side. Yet, it’s often a good idea to start with... read more →
When you retire, you will often have a range of choices available to you about how you access your pension. One such method is an annuity, which could provide you... read more →
We all have different interests and hobbies that we want to pursue and enjoy, but sometimes it can be hard to find the time and energy to get out and... read more →
When a new tax year starts, many allowances reset. So, checking if you could make use of allowances before Friday 5 April 2024, when the 2023/24 tax year ends, might... read more →
American researchers have discovered eight habits that could slow the signs of ageing by up to six years. These measures all promote good heart health, which they found keeps your... read more →
What are your goals for 2024? Whether you want to improve your health, be smarter with your money, or learn a new skill, it can be hard to know where... read more →
While the amount stolen by fraudsters fell slightly in the first six months of 2023 when compared to the same period in 2022, a staggering amount was still lost to... read more →
Traditionally, people passed on wealth to their loved ones once they passed away through a will. However, you might be considering gifting assets during your lifetime to create a living... read more →
High inflation has dominated headlines over the last two years. With the rate now slowly nearing the Bank of England’s (BoE) target, taking stock of what it means for your... read more →
Retirement can be an exciting milestone, but one that you might feel nervous about too. Setting out how to achieve the retirement lifestyle you want could help put your mind... read more →
Seeing more of the world makes up many people’s bucket lists. Whether you want to be left in awe of natural sights, immerse yourself in a different culture, or see... read more →
What makes you happy? Watching cute animal videos and indulging in your hobbies may brighten up your day, but new research suggests that genetics have more to do with your... read more →
It’s the season for giving. This Christmas, you might be thinking about how you could improve the security of your loved ones by gifting them money or assets. Read on... read more →
A survey suggests more than half of people aged over 75 haven’t arranged a Lasting Power of Attorney (LPA). It’s an oversight that could mean their families may not be... read more →
December 2023 marks 120 years since the Wright brothers made their first flight in a Kitty Hawk in North Carolina. The flight lasted just 12 seconds but proved sustained flight... read more →
Some pension savers may have unwittingly exceeded a tax allowance and could now face a higher bill, figures suggest. According to HMRC data, the number of people exceeding the Annual... read more →
Financial reviews provide you with a chance to ensure your financial decisions continue to reflect your goals and circumstances, and to assess if you’re on track. They could also be... read more →
On 22 November 2023, chancellor Jeremy Hunt delivered the Autumn Statement against a backdrop of a cost of living crisis and a looming general election. It’s been a challenging year... read more →
Your home may be one of the largest assets you have. With property wealth often inaccessible, you may be considering using equity release to unlock some of the money tied... read more →
Planning for your death can be emotionally difficult, but it could be a huge help to your loved ones. Research suggests administering an estate after a loved one has passed... read more →
Households are paying more in taxes, research suggests. At a time when high inflation may be affecting your outgoings, finding ways to reduce your tax bill could be valuable. If... read more →
Trusts may be a useful way to pass on wealth, but research suggests it’s an option some people are dismissing. You can place a variety of assets in a trust,... read more →
More people in England and Wales are celebrating their 100th birthday. It could have implications for your financial plan and creating an income in retirement. According to a release from... read more →
Annuities could provide you with income security in retirement. Despite this being a common goal among many thinking about their future, misconceptions may mean retirees are overlooking annuities. According to... read more →
Regular financial reviews may help keep you on track to meet your goals and give you confidence in the steps you’re taking. As well as reviewing your assets, you might... read more →
When you start to access your pension, how will you take an income? One of your options may be to withdraw a flexible income that suits your needs through flexi-access... read more →
A will provides a way to state who you’d like to receive your assets when you pass away. While you don’t need to work with a solicitor when writing a... read more →
People often think of their financial plan as a way to grow their wealth and provide financial security. You might consider areas like your pension or financial protection to be... read more →
The latest release from HMRC shows it collected a record £16.7 billion in 2021/22 through Capital Gains Tax (CGT) – a 15% increase on the previous tax year. Cuts to... read more →
Opening up about your finances can be difficult. Yet, talking about money could improve your financial security and boost your wellbeing. Every year, the Money and Pension Service (MaPS) hosts... read more →
Government changes to when pensions are taxed may mean you could save far more tax-efficiently for your retirement. If a potential tax bill influenced your current retirement date, it might... read more →
Creating a financial plan is just the first step to reaching your goals. While you may have carefully set out what you need to do, financial reviews are still essential. ... read more →
Heading to university is an exciting time for new students. As a parent, you may feel proud of your child’s achievements, but it’s normal to feel apprehensive as they potentially... read more →
A Lasting Power of Attorney (LPA) could provide you with protection when you’re most vulnerable by giving someone you trust the ability to make decisions on your behalf. Yet, a... read more →
Reports suggest that the Conservative party will make scrapping Inheritance Tax (IHT) part of its manifesto pledge in a bid to secure the general election. Frozen tax thresholds meant HMRC... read more →
While the State Pension may not be your main source of income in retirement, it’s often an important one. If you’re not on track to receive the full amount, there... read more →
A combination of frozen tax thresholds and rising inflation mean an increasing number of retirees need to consider tax. Read on to find out what you need to know about... read more →
When you access your pension, you can often take a tax-free lump sum. While this may seem an attractive way to fund your early retirement plans, there are some essential... read more →
The Walt Disney Company is celebrating a huge milestone – its 100th anniversary. On 16 October 1923, brothers Walt and Roy Disney set up Disney Brothers Cartoon Studio to produce... read more →
Thousands of families may be entitled to an Inheritance Tax (IHT) rebate due to stock market volatility. As the government does not automatically refund estates when this happens, many families... read more →
Setting out who you want to benefit from your estate might not be the most romantic task, but it’s an important one. If you’re getting married, reviewing your will is... read more →
Visiting the supermarket to pick up a few items or do your weekly shopping is so common it can be difficult to imagine life without this convenience. Yet, it wasn’t... read more →
Figures suggest the average cost of a care home is on the rise. While it can be difficult to consider, some people will need care in their later years and... read more →
For many people, their pension is a crucial part of their retirement plan. With Pension Awareness 2023 starting on 11 September, it’s the perfect time to learn more about your... read more →
Investing may provide a useful way to grow your wealth, but getting started can be overwhelming. There are some important decisions to make when investing that could affect the outcomes... read more →
Ensuring your family is financially secure for the long term is a common goal. If it’s one of your priorities, intergenerational wealth planning could help you create a plan that... read more →
Huge leaps in medical advancements mean we’re living longer. Yet, poor health can present challenges in later years. According to a longevity expert, there are steps you can take that... read more →
Trusts can be an incredibly useful way to pass on wealth and preserve assets. Yet, there’s a common myth that they’re only valuable for very wealthy families. Read on to... read more →
After more than a decade of low interest rates, many people will be pleased to see the amount their savings are earning is starting to rise. Yet, it could mean... read more →
Inheritance Tax (IHT) is often controversial – you may have heard of it referred to as “the most hated tax in Britain”. Yet, despite the coverage it receives, it’s often... read more →
Spending too much money in retirement is a common fear. Yet, some retirees struggle with the opposite challenge – they spend too little. Read on to find out why and... read more →
When you’re making investment decisions, balancing risk is an essential part of the process. Creating a risk profile can help you understand which investments are appropriate for you. Last month,... read more →
Everyone has heard the saying “money can’t buy happiness”, but research suggests it’s not accurate. According to a study from The Greater Good Science Center in the US, spending money... read more →
Do you feel like you’re burnt out, or don’t have enough time? If you do, you’re not alone. Research suggests a modern habit of changing activities more frequently could be... read more →
If you’re part of a blended family, it can make some decisions more complex, especially when you start to consider how to pass on wealth and provide for the people... read more →
Charities are facing a “perfect storm” due to rising energy prices, falling donations, and a surge in demand for services, according to a Nationwide report. If you want to support... read more →
Retiring early is an aspiration for many workers looking forward to greater freedom. If early retirement is something you’re dreaming about, a survey suggests financial planning could help you turn... read more →
Investing is often a crucial part of creating a long-term financial plan. Over the next few months, you can read about the investment essentials you need to know if it’s... read more →
60 years ago, the Beatles celebrated their first UK number one single – ‘From Me to You’. The Fab Four went on to spend an incredible seven years in the... read more →
Between 12 and 16 June, Young Enterprise runs a national campaign across primary and secondary schools with the aim to give children the skills and knowledge necessary to understand finances... read more →
While the physical and emotional aspects of domestic abuse are more commonly talked about, financial abuse can also affect your vulnerable friends or family members. When your loved one has... read more →
Each year in June, Citizens Advice runs a two-week scam awareness campaign, aptly named “Scam Awareness Fortnight”. The organisation hopes its movement will raise your awareness of common scam tactics,... read more →
When you receive a pay rise, the first thing that may come to mind is buying a bottle of champagne to celebrate. Rightfully so, too; you deserve to enjoy the... read more →
After receiving an inheritance, it can be difficult to know how to use it. You may still be grieving the loss of a loved one or feel overwhelmed by the... read more →
Estate planning is an important part of your financial plan. Not only does it ensure your assets are passed on to who you wish and considers areas like Inheritance Tax... read more →
While growing wealth is often an important part of a financial plan, understanding how you can use your money to reach goals and improve your wellbeing is crucial. It could... read more →
A strong financial plan will help you to stay on course to meet your long-term goals, as you navigate your way through life towards your eventual retirement. The aim is... read more →
Research has found that many couples keep financial secrets. While you may want to keep your finances separate for a whole host of reasons, working together could mean your money... read more →
Demand for larger properties and rising prices mean more homes than ever are worth £1 million or more. For some, it could mean their estate is unexpectedly liable for Inheritance... read more →
Research has found that older generations worry about leaving money to children or grandchildren because of different views about money. Generational differences can make inheritance planning more complex, but there... read more →
The benefits of having a will in place are well-documented, although if you don’t have a will, or haven’t updated it in some time, you’re not alone. A recent survey... read more →
Inheritance Tax (IHT) can affect what you leave behind for loved ones. It’s essential you understand if it’s something you need to think about, as there could be steps you... read more →
On Wednesday 15 March 2023, chancellor Jeremy Hunt presented his spring Budget. Focusing on the government's aims to halve inflation, reduce public debt, and boost economic growth, Hunt delivered his... read more →
Just six months ago, Kwasi Kwarteng stood up in the House of Commons and delivered his controversial “mini-Budget”. The announcements ultimately brought down the short-lived Truss administration, with current chancellor,... read more →
Rishi Sunak is reportedly drawing up plans to provide a “midlife MOT” to assess the financial health of workers and retirees. Taking stock of your finances in your 40s and... read more →
France has laid out proposals to increase its State Pension Age despite opposition. As the UK is currently reviewing its State Pension too, it’s something that you may need to... read more →
Tax relief could boost your pension and mean you have more financial freedom in retirement. Yet it’s something that you may overlook when reviewing your pension, as analysis suggests that... read more →
High inflation means retirees could need to increase their budget by almost 20% to maintain the same lifestyle, research suggests. If you’re drawing an income from your pension, it’s vital... read more →
The latest figures suggest that thousands of retired people are returning to work. If you’re thinking about doing the same, you need to be aware of the Money Purchase Annual... read more →
A key part of your estate plan is setting out how you’d like to pass on assets to loved ones. There’s more than one option to consider, so read on... read more →
Do you have multiple pensions? It could make it difficult to manage your pension savings during your working life and when you retire. In some cases, consolidating them could be... read more →
This year’s theme for International Women’s Day is “embrace equity”. While huge strides have been made in improving financial independence for women, there’s still a significant gap. It could harm... read more →
A survey from Nationwide suggests that many people aren’t being as diligent at guarding their personal information as they should be, despite the number of identity theft cases doubling between... read more →
Are you worried about Inheritance Tax (IHT) or how you’ll pass on your wealth to loved ones? For some people, pensions can provide a way to tax-efficiently leave wealth to... read more →
Soaring costs could mean that retirees face a shortfall if they haven’t considered the impact of inflation when planning for retirement. One of the areas you may have overlooked is... read more →
When you think about retirement planning, what challenges come to mind? While ensuring you have enough saved and that you don’t run out of money are common concerns, there is... read more →
When you’re deciding how to pass on assets and who you want them to go to, understanding their value, and how this might change, is crucial. Last month, you read... read more →
ISAs have been around for more than two decades, but they’ve changed significantly since they were first introduced. This guide can help you understand why using an ISA to save... read more →
With so much doom and gloom in the headlines every day, it can be easy to overlook the positive new stories, but there are plenty of them. From scientific innovations... read more →
What do you want to achieve in 2023? From improving your fitness to learning a new skill to support your career goals, setting out what you want to achieve this... read more →
Last year, chancellor Jeremy Hunt made some key announcements during the autumn statement that could affect how much tax you pay from April. Reviewing your financial plan could help you... read more →
Fewer workers are choosing to give up work on a set date. In fact, 34% of over-55s that haven’t given up work yet are gradually phasing into retirement, according to... read more →
Retirement is a milestone that’s often greeted with celebration. But what do you need to do to be happy during your later years? Research has revealed that it’s experiences, rather... read more →
Have you thought about how you’ll use assets later in life or what you’d like to happen to them when you pass away? Planning for the future with an estate... read more →
The 2022/23 tax year ends on Wednesday 5 April. After this date, many allowances reset, and it could be your last chance to use some of them. Allowances can help... read more →
It’s the season for giving. While wrapping presents for your family and friends is probably on your mind at this time of the year, you may also want to give... read more →
There are many reasons why you might be thinking about downsizing. From needing less space now children have moved out to releasing equity to fund your retirement, setting out your... read more →
The rules around filling in a gap in your National Insurance (NI) record are changing. From 5 April 2023, you will only be able to make voluntary contributions for the... read more →
Annuity rates are rising, and they could provide retirees with a way to create a secure income during times of volatility and high inflation. Read on to find out if... read more →
Recently, you may have read headlines about how pension funds were close to collapsing. Naturally, you may be worried about your retirement savings and what protection is in place. Read... read more →
If you’re retiring in 2023, congratulations! It’s an exciting milestone that you’re no doubt looking forward to. Here are six practical steps to take now to make sure you can... read more →
It has been a tumultuous year in British politics, with three prime ministers and four chancellors holding office. After the calamitous “mini-Budget” ushered in the demise of Liz Truss and... read more →
If you want some festive cheer, a Christmas market is perfect. From stalls filled with seasonal treats to entertainment like carol singers, they can really put you in the mood... read more →
More people are choosing to gift wealth during their lifetime rather than leaving assets as an inheritance. There are benefits to choosing a living legacy, but there are things you... read more →
Later-life care can be a difficult topic to discuss and create a plan for. However, setting out a care plan now means you can rest assured your wishes would be... read more →
Retiring abroad is a dream for many people. Perhaps you want to get away from the hustle and bustle of a big city and spend your later years in rural... read more →
How do you think retirement in the UK compares to other countries? According to a report in the Telegraph, the UK ranks 19th, falling behind the likes of Australia, Germany,... read more →
As the cost of living rises, you may be considering increasing how much you withdraw from your pension. While it could solve short-term challenges, it’s important that you think about... read more →
You should base financial decisions on logic and facts. But psychology can have a much larger effect than you think, and it can lead to you making decisions that aren’t... read more →
Humans are hard-wired to make poor financial decisions. It’s just in our DNA. Financial wellbeing is a broad topic, covering all aspects of the relationship between money and our long-term... read more →
Richard Fyfe explains why we shouldn’t panic despite the chaos surrounding the UK economy. This is a quick update following Kwasi Kwarteng’s recent mini budget. The position is of course... read more →
With a new prime minister having taken office earlier this month, the government has begun to announce its plans for stimulating the UK economy during the cost of living crisis.... read more →
If your child will be going to university this year or is planning to further their education in the future, you undoubtedly feel proud. However, you may also worry about... read more →
As the new school year begins, it might be a good time to start thinking about your child’s future if they want to go to university in 2023. With 164... read more →
Many people solely focus on their money and assets when laying out details for their estate in their will. This is somewhat understandable: your will is a great vehicle for... read more →
There are lots of great habits from around the world you can adopt to boost your wellbeing. Even better, some of the most beneficial habits in the world are those... read more →
The cost of living is rising. Reviewing your finances now is crucial for understanding what effect inflation could have on your lifestyle and long-term plans. Inflation was at an almost... read more →
When you start thinking about how you’ll create an income in retirement, it’s probably your pension that comes to mind. Yet, if your estate could be liable for Inheritance Tax... read more →
It can be easier than you think to lose your retirement savings. In fact, estimates suggest thousands of savers have forgotten about pensions that could support their retirement goals. 31... read more →
Buy-to-let properties can provide an additional income stream and help you to support your goals. As a result, becoming a landlord is something you may have thought about. For example,... read more →
The day that you send your child or grandchild off to university can bring up mixed feelings. There's pride and joy at their accomplishment, but also fear and worry as... read more →
On 5 September, the UN’s International Day of Charity encourages people to get involved with philanthropic activities. It’s the perfect time to think about donating to good causes. Considering how... read more →
As a trustee, you may be unsure about what your responsibilities are and the steps you need to take. If you’re acting as a trustee, here are some of the... read more →
If you have an estate plan, you shouldn’t simply forget about it. Instead, regular reviews can help ensure it continues to reflect your wishes and circumstances. Sometimes you may have... read more →
Annuities used to be an essential part of retirement planning, but they’ve fallen out of favour since the government introduced Pension Freedoms legislation in 2015. However, now that annuity rates... read more →
If you’re guilty of ignoring your pension, a review ahead of Pension Awareness Day on 15 September can help make sure you’re on track for the retirement you want. Here... read more →
One of the biggest social changes over the last 50 years has been the rise in the do-it-yourself (DIY) approach to jobs around the house. This has resulted in the... read more →
The cost of living is rising quicker than has been normal in the last few decades. Indeed, the last time inflation was this high was in the 1980s. So, what... read more →
Money and financial decisions are often seen as a personal matter. However, making your family part of the financial planning process and discussing your goals with them can be valuable.... read more →
Sadly, vulnerable people are more likely to be a victim of financial abuse. However, if you think a family member may be at risk, keeping an eye out for signs... read more →
The State Pension is often an important part of your retirement income, so should you top up your National Insurance contributions (NICs) to increase it? Even if you have other... read more →
As the rate of inflation continues to rise, it’s more important than ever that those approaching retirement consider how the rising cost of living could affect them. For some people,... read more →
A trend among modern retirees to increase their spending as they get older could mean that some run out of money during their lifetime. The new research is an important... read more →
More than a quarter of people feel anxious about money, according to research from the Money and Pension Service (MAPS). People that have recently experienced poor mental health are more... read more →
Scams can have a devastating effect on your financial wellbeing and confidence. While investment scams may be rarer than some other types, they are often associated with losing more money... read more →
Being a trustee comes with many responsibilities, and, in some cases, you will need to register a trust with the Trust Registration Service (TRS) by 1 September 2022 or you... read more →
Next year, Boris Johnson’s social care cap will be introduced. So, what is it and what does it mean for you? The social care cap limits how much an individual... read more →
More retirees are planning to work in some way after they retire. While this flexibility can boost your income and help you strike a work-life balance that suits you, it... read more →
When planning for your retirement, have you considered if you’ll be providing financial support to loved ones? A survey conducted by Key suggests that a third of new retirees are... read more →
Financial protection is an important part of creating long-term security. Yet, it’s something that many people overlook. Appropriate financial protection can provide you or your family with an income or... read more →
Richard Fyfe explains why sticking with the plan remains the best course of action and illustrates how we plan ahead and stress test our financial plans to ensure they can... read more →
It’s fair to say that the UK is addicted to sport. After two years of events being affected by the Covid pandemic to some extent or another, there’s more of... read more →
Direct debits arrived in the UK in 1964 as a paper-based system. They’ve become essential for managing household outgoings and almost 9 in 10 British adults have at least one... read more →
8 essential finance lessons you should teach teenagers as 72% say they want more financial education
Gaps in financial education are leaving many teenagers unprepared for managing their money and becoming independent. The good news is that they’re keen to learn and recognise how important getting... read more →
Over the last few months, you’ve probably heard a lot about inflation and the effect it can have on your cost of living. While you may be familiar with the... read more →
Do you have a Lasting Power of Attorney (LPA) in place? If you don’t, it could leave you in a vulnerable position if you’re unable to make decisions for yourself,... read more →
When you’re nearing retirement there are a lot of big decisions you need to make. From when to retire to how much income to take from your pension, how long... read more →
Those nearing retirement have plenty of lessons to teach younger generations. A survey asking over-50s how they feel about their pension and retirement plans has highlighted some regrets workers could... read more →
Getting the most out of retirement and reaching your goals requires planning. Not thinking about your post-work years until you reach that milestone can mean that a retirement that promised... read more →
When you go to the doctor feeling under the weather, what do you expect? A prescription to take to the pharmacy or some additional tests perhaps? Doctors in Canada are... read more →
How often do you talk about money with your partner? The way money is handled in a relationship can sometimes make or break a couple, and research suggests it’s something... read more →
Individuals aged between 40 and 60 – dubbed “midlifers” – are facing time and financial pressures as they try to support their families. Many are feeling the strain and don’t... read more →
A will is the only way for your wishes to be legally enforceable when you pass away. However, it’s becoming more common for families to dispute wills. So, what can... read more →
When you retire, your income may be coming from multiple sources, and it may not be regular. This can lead to some retirees being overtaxed. While you can claim back... read more →
If you’re nearing retirement, you may be starting to think about planning the next stage of your life. What steps spring to mind? You may prioritise organising your pension, claiming... read more →
Against the backdrop of the continuing war in Ukraine, the chancellor has delivered his spring statement. The war has contributed to uncertainty in the global economy, with the Office for... read more →
Over time, you can pick up things that clutter your life and mean you aren’t living the lifestyle you want. It might be material items taking up space in your... read more →
At the end of 2021, the Bank of England (BoE) raised its base interest rate from 0.1% to 0.25%. Then, the Bank increased the rate further in February to 0.5%,... read more →
When you think of falling for a scam, you may think of being duped to hand over personal information or make payments. But some fraudsters are targeting one of your... read more →
Reports suggest that the top rate Income Tax band could be scrapped in the next few years. It could cut your tax bill and, somewhat counterintuitively, could increase how much... read more →
Official figures show that the amount paid in Inheritance Tax (IHT) has increased again. As the IHT thresholds are set to remain the same despite rising inflation, more people will... read more →
A significant proportion of retirees are relying on inheritances to fund their later years, but research suggests that it could place their future at risk. According to research from abrdn,... read more →
As you may know, inflation (or the “cost of living”) has been rising at a faster pace than usual. If you’re retired, the effect of inflation can be more pronounced... read more →
Since the start of 2022, you’ve probably noticed that global markets – and perhaps the value of your pension or investments – have been a little uncertain. Over the last... read more →
After more than a decade of low interest rates, the Bank of England (BoE) has suggested that it will continue to gradually increase its base rate. With savers suffering from... read more →
As you start to put winter behind you, you may be thinking of giving your home a spring clean or the projects you want to take on over the next... read more →
While investment decisions should be based on facts, many investors find their decisions are sometimes influenced by emotions. Whether you’re excited about an investment opportunity, or worried about market volatility,... read more →
When thinking about how parents will split their assets between children, it’s often assumed wealth will be evenly distributed. However, a survey suggests that, for a variety of reasons, a... read more →
A million-pound pension can provide you with financial freedom in retirement, but it may not deliver the millionaire lifestyle you think. Having access to a £1 million can conjure images... read more →
Flexi-access drawdown can provide retirees with more freedom to create an income that suits their lifestyle. However, Financial Conduct Authority (FCA) figures suggest that many retirees are taking unsustainable amounts... read more →
It’s been a busy start to 2022. On top of taking down the trimmings and planning for the year ahead, we have spent much of 2022 at the Children’s Hospital... read more →
The start of a new year is a great time to make some positive changes that could improve your wellbeing and help you reach your goals. Have you made a... read more →
This year, add some finance books to your reading list to broaden your knowledge and give you more confidence when dealing with financial matters. There are hundreds of books to... read more →
For almost two years, the Covid-19 pandemic has had a significant impact on lives around the world. From health concerns to restricting social gatherings, the pandemic may have led you... read more →
The pension Lifetime Allowance limits how much you can have in pension benefits tax-efficiently. While you may think exceeding the allowance is a long way off, you could be closer... read more →
If you’ll be retiring this year, you may be looking forward to more free time to focus on what you enjoy. As you start making plans, you need to set... read more →
If you’re creating a financial plan as a couple, you should consider the effect one of you passing away could have. If one person’s income or assets are vital for... read more →
With the festive period approaching, it’s a great time to delve into a new TV show, whether it’s a thriller that will leave you on the edge of your seat... read more →
Retirement is often associated with a slower pace of life, but that doesn’t mean you should cut back on how much you’re exercising or even that you shouldn’t increase how... read more →
4 in 10 people are worrying about the impact Inheritance Tax (IHT) could have on the legacy they leave behind, according to Canada Life research. Yet, despite these concerns, just... read more →
You may have seen inflation in the headlines recently. While the cost of living rising is normal, the rate of inflation has increased over the last few months. The Bank... read more →
Whether retirement is over a decade away or just around the corner, you could face significant challenges that may affect the lifestyle you want. Learning more about these potential obstacles... read more →
The start of a new year is the perfect time to review your finances. It can help you move towards your goals and feel more secure financially. Taking action to... read more →
Inflation in 2021 is expected to hit 4%. Inflation means the cost of living will rise and, for mortgage holders, knock-on effects could mean the cost of a mortgage becomes... read more →
If Inheritance Tax (IHT) is a concern for you, taking out a life insurance policy could mean your estate passes to loved ones intact. With some careful planning, a life... read more →
Dividend Tax rates are set to rise, and it could affect the amount of tax you pay. The chancellor announced a hike in Dividend Tax rates, along with the introduction... read more →
Your State Pension may only make up a relatively small portion of your retirement income, but it’s an important part of it, and so it’s crucial you understand your entitlement.... read more →
Hopefully, you head into retirement confident in your finances and your retirement income. While your financial commitments and dependents may be fewer in retirement, it’s still important to have a... read more →
Figures suggest that an increasing number of people plan to work past the traditional retirement age. There are a variety of reasons for doing so and it also could help... read more →
Investment decisions should be based on logic and fact. But it’s easy for emotions and biases to affect your decisions, and this can lead to investment mistakes. Behavioural bias can... read more →
It’s that time of the year when the nights are getting darker and spooky films start to appear on the TV. While the sight of ghosts, vampires, and more could... read more →
Receiving an inheritance can be life-changing. It could provide you with the financial security to pursue your dreams or make significant changes to your lifestyle. However, it can be overwhelming,... read more →
How often do you discuss your finances? In the UK, talking about money and our long-term financial plans are often still seen as a taboo subject. Breaking down this barrier... read more →
Half of the adults in the UK don’t have a will. While you may have a reason for putting the task off, there are many compelling reasons to make time... read more →
You may have thought about who you’d like to benefit from your assets when you pass away and written a will to ensure your wishes are carried out. However, you... read more →
When you think about what your most precious resource is, you might say money or even time. Yet an author recently proposed a different resource that you may be overlooking:... read more →
While protection for scam victims is improving, the startling truth is that most scammers are not caught, and victims lose their money. It can have a devastating impact on your... read more →
Over your child’s life, you may have built up a nest egg to give them a helping hand as they become independent. If they’re planning to go to university, you... read more →
The Independent reports that 76% of parents and guardians in the UK are saving money for their children under the age of 18. Helping your child step into adult life... read more →
Are you thinking about relocating when you retire? If you are, you’re not alone. Millions of over-50s are planning to move away from their current home as a direct result... read more →
The age you can access defined contribution (DC) pensions is rising. Research suggests that many people are unaware of this, but it could affect your retirement plans. At the moment,... read more →
Back in May, I felt happy and content. Now I feel anxious and frustrated. A lot has changed in three months. It was inevitable, to be honest, and I should... read more →
When you’re making financial decisions, one of the challenges is understanding the impact that it could have on your long-term finances. Not understanding the impact means you’re unsure what you... read more →
Financial planning is about much more than simply growing your wealth. Not only can it reduce financial worry, but it can help you achieve long-term goals, reduce stress levels, and... read more →
House prices have reached record highs this year. While you may be pleased the value of your home is increasing, it may also mean you now need to consider Inheritance... read more →
There are many excellent reasons to save into a pension. One of them is the tax relief you benefit from, but many pension savers are overlooking this valuable boost to... read more →
What are your plans for your first few years of retirement? Being able to take a tax-free lump sum from your pension can open up a whole host of possibilities.... read more →
Pension Awareness Day is just around the corner and is the perfect time to review your pension to make sure you’re getting the most out of it. So, ahead of... read more →
While some lockdown restrictions are still in place, things are slowly returning to “normal”. Since Covid-19 measures were first introduced in March 2020, you may have missed some things you... read more →
It’s that time of the year when thousands of teenagers across the country are waiting to find out if they’ve been accepted to university. As your child or grandchild starts... read more →
Most people in the UK do not have any type of financial protection. While there may be a good reason for some, in others it’s a decision that’s sparked by... read more →
Millions of people are missing out on financial advice that could help them reach their goals because of misconceptions, research finds. Speaking to a financial planner can help you organise... read more →
How much do you need to live the retirement lifestyle you want? It’s a question that’s on the mind of many people as they near their retirement date. Now research... read more →
When saving into a pension, reaching £1 million can seem like an impossible challenge. But the magic of compounding can mean it’s easier to reach than you might think, especially... read more →
After over a year of uncertainty and homeschooling, you may be worried about the impact the pandemic has had on your child’s education. With the summer holidays just weeks away,... read more →
Inheritances are growing and becoming more important to household wealth, research finds. As the Inheritance Tax (IHT) thresholds are now frozen for five years, it’s essential those planning to leave... read more →
While the mantra might be “life begins at 40”, over 55s are planning to live their life to the fullest as Covid-19 restrictions lift. Retirement might be associated with taking... read more →
You may have seen the recent news that thousands of people have been underpaid by the State Pension. If it’s affected you, it could mean you’ll receive a lump sum... read more →
When you review your pension, it’s likely to be the forecast that you focus on. This figure is designed to give you an idea of how much your pension will... read more →
If you’re planning to retire this year, do you know how long your pension will last? Your pension savings will have an impact on the lifestyle you can afford and... read more →
As many of you will know, I have recently been running around the streets (and hills!) of Sheffield raising money for the Children’s Hospital Charity. My challenge is to run... read more →
The pandemic has placed pressure on families across the UK. So, it’s not surprising that more people are seeking financial advice and thinking about their long-term security. While financial advice... read more →
In the first nine months of 2020, there were 464,437 new babies welcomed across the UK, according to the Office for National Statistics. That’s more than one baby every minute!... read more →
Money has a huge impact on our wellbeing. Whether we have “enough” is often the focus when facing money challenges, but a new report suggests that our mindset and relationship... read more →
Across the UK, 6.5 million people provide informal care for a family member or friend. This care is hugely important for ensuring vulnerable people receive the support they need. However,... read more →
We all hope to achieve financial security in retirement, allowing us to focus on the things we enjoy. While retirement might be associated with indulging hobbies and aspirations, Generation X... read more →
When you think of risks to your retirement, do you include inflation? It can have a huge impact on your income throughout retirement. Yet, it’s often overlooked when creating a... read more →
The headline figure for wage growth of 4.5% in late 2020 – the highest level in almost two decades – is too good to be true, according to the Resolution... read more →
Technology encourages more investors to seek the “thrill” of trading and take bigger financial risks
Technology has made investing far more accessible. You can now invest and make changes to your portfolio with just a few taps on your smartphone. While more people investing for... read more →
The cost of funding care and delivering support to the elderly has become a national priority. However, research suggests it’s still not something individuals are thinking about when they make... read more →
The world of work is changing, and it means young workers today need to be more engaged with their pension than ever to build a secure retirement. A rising State... read more →
While the chancellor didn’t announce personal tax rises in this year’s budget, a freeze on allowances could mean your tax bill unexpectedly increases. High earners and those with defined benefit... read more →
In March, chancellor Rishi Sunak delivered his second Budget. After a lot of speculation that taxes would rise to pay for the cost of Covid-19, you may have been relieved... read more →
As many of you will know I am running 1,000 miles during the first six months of 2021 to raise money for Sheffield Children’s Hospital and the Ryegate Centre and... read more →
In 1990 a couple held a ball for Sheffield Children’s Hospital, since then have raised £1.18m. Catherine Scott reports in the Yorkshire Post. L-R Isabel, Donna, Richard and James Fyfe... read more →
We all know that Covid-19 has affected the high street. Lockdown and social distancing restrictions have made the last year an extremely difficult environment for retail and hospitality businesses to... read more →
It’s been a year since lockdown was first announced in the UK in order to slow the spread of Covid-19. While restrictions have varied over the last 12 months, they... read more →
The pandemic has led to more people taking control of their finances and investing. If you’re looking for some investing tips, the following pearls of wisdom from Warren Buffett are... read more →
2020 was an eventful year. The pandemic and subsequent lockdowns around the world had a huge impact on life, which inevitably affected stock markets and investment portfolios. The stock market... read more →
Is the common saying “money can’t buy happiness” true? Research suggests that it isn’t, and that the opportunities financial security brings can deliver happiness and improve wellbeing. This latest study... read more →
Saving for retirement should be part of your financial plan and can help you secure the lifestyle you’re looking forward to. But watch out for these eight pension mistakes, which... read more →
Saving into a pension and accessing it comes with a lot of challenges as you need to think about how much income you need throughout retirement. Research from the People’s... read more →
Saturday 20 March is the International Day of Happiness. After the challenges of 2020, we could all use something to make us feel a little more cheerful. Yet, despite doom... read more →
Following a year of uncertainty, you may be worried about your finances. Covid-19 has had an impact in many ways, from reducing income to affecting investments. Some financial firms have... read more →
The current 2020/21 tax year will end on 5 April 2021. As a new year starts, many allowances reset. For some, it will be your last opportunity to use them.... read more →
As we continue to be in lockdown, you may find that you have far more time on your hands. It makes it the perfect time to look at how you... read more →
When the pandemic struck last year, thousands of workers began working from home for the first time. It’s changed the world of work and this situation could be here to... read more →
When children are still in primary school it can seem a little too early to be thinking about their careers. But the skills, passions, and knowledge they pick up in... read more →
Thousands of people have welcomed the shift in working from home. It’s helped us stay safe during the pandemic, as well as saving money and providing more free time. However,... read more →
How do you rate your financial security? When you think about your financial situation, what defines it as ‘healthy’? For 77% of Brits, financial success is having the financial freedom... read more →
Have you started preparing for retirement yet? If you’re nearing this milestone you may have contemplated whether your pension will be enough and how you’ll create an income. It’s often... read more →
For most people, their pension becomes available at the age of 55, rising to 57 in 2028, even if they plan to work past this point. It means you can... read more →
We hear a lot about the gender pay gap, but one area that’s often overlooked is the knock-on effect this has for retirement savings. While progress has been made, on... read more →
The Wealth Tax Commission has recently released a report recommending that if the government chooses to raise taxes as part of its response to the Covid-19 crisis, it should implement... read more →
A few months ago I read the book Progress by Johan Norberg. This book addresses some of the misconceptions we have about the world, in particular that the world is... read more →
My family had some great news this week. My son’s application for an Educational Health Care Plan (EHCP) was approved by the Special Educational Needs department at Sheffield City Council.... read more →
As financial planners, retirement is a key area when talking to our clients. In fact, as retirement specialists this is where we spend most of our time. So it came... read more →
Earlier this week, I was making my way home from my morning run when I bumped into a friend. It was great to catch up (at a suitable distance of... read more →
Recognising Opportunities Until the recent lockdown, life had become more fast-paced than ever and time was in short supply. Implementing changes in life and in business takes time and energy,... read more →
https://youtu.be/667MdjgfgKY
One area of financial planning that we often encounter is balancing clients’ plans for their children with their hopes for retirement. This can be difficult and we must consider a large number... read more →
Some of the best advice I’ve received was Last February, at the PFS’s Power Live event in Sheffield. Steve Martin of the FP Training Academy explained that financial planners need... read more →
