ISAs - Are They Really That Tax Efficient? One of the standard pieces of advice we have always given when it comes to investing in stocks and shares is that it really will pay off to maximize the allowances clients have to ISAs. If a client is looking to invest, this is the first port of call for us as wealth managers. As a couple can invest 7,200 each in every tax year, this 'pot' can potentially grow very nicely over the longer term.Keywords:
Ray Prince, ISAs, investing, stocks and shares, wealth managers, ISA allowances, growth, taxation, investments, equities New NHS Benefits - It's All Ended in Tiers There have been many changes in overall pension rules by the government, and we have discussed in Financial Tips how this has affected the NHS Pension Scheme in previous articles such as the Lifetime Allowance. Other NHS rule changes might not be so obvious, but for the unfortunate few who fall ill, have a serious accident or die in service, these rule changes are important.Keywords:
Ray Prince, New NHS Benefits, NHS, pension rules, NHS Pension Scheme, Lifetime Allowance, NHS rule changes, Ill health Dentists and Doctors - Do You Need Your Own Cash Flow Forecast? Regular readers of our newsletter will probably recognise the words Cash Flow Forecast (Financial Map or Sat Nav), as we often refer to this when talking about how we help doctors and dentists work out: What they really want to achieve in life? What is this going to cost and when? How does this look when compared to their incomes/assets? After all, dreams are just that unless you measure them and give them a deadline.Keywords:
Ray Prince, Dentists, Doctors, Retirement, Cash Flow Forecast, Financial Map, Sat Nav, Financial Planner, IFP, forecasts Income Tax Rises 2010 - Will You Be Affected? Large rises in income tax are due to take effect from next April for people earning over 100,000. New rates of tax were announced by the Government in the recent budget and they are going to hit many of our clients hard! This is because our clients tend to be higher earners, with many in the 150,000 to 350,000 pa bracket. So, how are you going to be affected?Keywords:
Ray Prince, Income Tax rises, Income Tax, New Rates of Tax, Government, Recent Budget, High Earners, Taxation, Income Absolute Return Fund - Should You Invest in One? You may have heard about Absolute Return Funds being launched and appearing in the press recently. We have seen quite a few of them launched in the last year or so, and they sound good don't they? Absolute returns - hmmm, let's investigate. There are 3 main reasons why these funds have appeared on the radar recently:Keywords:
Ray Prince, Absolute Return Fund, Investing, Investment, Stock Market, Fund Manager, Invest, Short Sell, Stock, Broker Savings Rates - Are You Getting the Best Rate For Your Money? We are not talking about serious longer term investments here. This is money which is meant to be safe and accessible, and preferably tax efficient. It could well be that it's money earmarked for your tax bill, for example.Keywords:
Ray Prince, savings rate, best rate, higher rate, rates mentioned, tax payer, money earmarked, rate tax payer, mortgage Life Coverage, Critical Illness, Income Protection - Are You Fully Covered? When you graduated, there's a high probability you 'signed up' for income protection cover. Maybe it was at a graduation Ball, or perhaps it was following a talk you attended. Even if you found out since that better coverage was available, the key is that you took action and purchased a very important protection plan.Keywords:
Ray Prince, income protection, life assurance, critical illness, practice overheads cover, locum cover, life cover Your Retirement - What Will You Actually Do? When we start working with a new client who's, say, aged 50, it's always interesting to get down to what they want to aim for in life. After all, if life is not about thoroughly enjoying doing things you love most, what is it about? So when the 'Retirement Reality' study from an insurance company came out the other day, it was something that we took notice of.Keywords:
Ray Prince, Retirement, Pension Planning, Retirement Planning, Financial Advice, Fee Based Financial Planner, Savings Life Assurance, Critical Illness Cover Etc - Are You Paying For Policies You Don't Need? One of the common issues we find when we review a new client's situation is that over the years they have been sold (or have purchased) many life, critical illness and income protection policies. Now, it's important of course to state that such cover for, say, a couple with a family and a mortgage, is absolutely vital.Keywords:
Ray Prince, Life Assurance, Critical Illness, Income Protection, Protection, NHS Benefits, Term Assurance, NHS, Wills Investment Costs - What is the 'Real Deal'? We have visited this subject many times, but make no apology for doing so again. If you currently have investments in Unit Trusts, Stocks and Shares ISAs or Pensions, or are planning to do so, then reading this article could save you a small fortune over, say, 10 - 20 years. Let's take a look at the typical costs you are faced with when you invest your money...Keywords:
Ray Prince, Annual Costs, AMC, Total Expense Ratio, TER, Portfolio Transaction Costs, PTC, Portfolio Turnover Rate, PTR
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