For context, this is my 20th year working as a financial planner, the last 12 and half of them spent here in the team at Armstrong Watson. In my opinion, the current and planned changes in legislation are the most seismic and impactful of my working life.
David Firth has taken up his new role at the firm’s Leeds office and brings a wealth of knowledge and expertise, having worked in the financial services industry for more than 30 years - 25 of which have been dedicated to providing financial advice.
After many years of low interest rates, savings rates have made a significant comeback over the last few years. But how do changing interest rates impact savings and what does this mean for high cash balances?
This age represents a significant juncture in pension legislation that affects several aspects of your retirement planning, including how your pension is managed and the tax implications associated with it.
By implementing measures such as key person insurance, shareholder agreements, and relevant life policies, you can secure your law firm’s operations, protect stakeholders, and maintain business stability and growth.
Most political events have the potential to have a significant influence on market performance, investor confidence, and economic stability, whether that be a negligible ripple, short-term volatility or a longer-term decline in value.
The Chancellor Rachel Reeves has said previously that there would only be one major fiscal event in a year so that individuals and businesses would have stability. However, she will stand up in the Commons to make a statement in response to the latest forecasts from the Office of Budget Responsibility (OBR) on March 26 and potentially be in a very different situation to what she expected just a few months ago.
Life insurance could provide alternative proceeds to pay an IHT bill and preserve the farm and farm assets to pass to the next generation. It can also play an important role in the continuation of the business during your lifetime.