Did you know: that only about 12% of UK adults have Critical Illness insurance and yet statistically, 1 in 3 of us are likely to suffer a serious condition?
If you become seriously ill, the very last thing you want are financial worries.
Did you know: that based on historical data, if you held a portfolio of stocks and shares for one year, there is a 68% chance of making money? But, if you held them for 20 years, you increase your chances to 100%.
People tend to believe that the short-term volatility of the stock market makes it a risky investment, but here is an important fact:
Did you know: that investing in stocks and shares can produce higher returns than cash in 90% of cases?
In the 30 years between 1992 and 2022, the FTSE 100 outperformed the returns on cash investments by more than 4% annually – if you compound that growth, it amounts to a very significantly higher return over the long-term.
Did you know: that contributions to your pension can receive tax relief?
Everyone wants to pay less tax, and everyone likes a bonus – and saving in a pension meets both those aspirations.
Scams warning as self assessment deadline looms
HMRC is warning of scam attempts targeting self assessment taxpayers in the run up to the 31 January deadline.
Final call for voluntary National Insurance contributions
Taxpayers only have until 5 April 2025 to make voluntary National Insurance (NI) contributions for missed contributions dating back to 2006.
Are you aware of where all your pensions are?
Now the dust has settled on the Autumn Budget, we wanted to turn our attention to pensions and put to you - ‘do you know where all of your pensions are?’. If the answer to this question is no – it is never too late for a pension cleanse!
ISAs should be viewed as an ongoing opportunity, rather than a one-off tax-saving method
Although we don’t yet know the full details, it is clear that taxes on gains on savings and investments is one area that the Chancellor will be looking at to raise extra revenues. This is having the effect of shining a spotlight on the benefits of wrapping investments in an ISA, where both capital growth and dividend/interest income are free of tax entirely – you don’t even have to declare any ISA on your tax return.