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Putting your affairs in order- what exactly does this mean?

Putting your affairs in order- what exactly does this mean?

The phrase ‘putting your affairs in order’ is quite commonly used, but what exactly does this process entail? We’ve written this blog to help explain in detail what may be involved in the process and we also highlight some of the key things you will need to consider along the way.

4 key ways to prevent your grown-up children derailing your retirement savings

4 key ways to prevent your grown-up children derailing your retirement savings

The Bank of Mum and Dad is a well-known concept and we all hate to see our children struggle financially, which is why many parents continue to support their children well into adulthood. Instead of being ‘empty nesters’, many parents discover that their offspring return to the family home straight after university (that is if they ever left in the first place!) due to the problems of getting a foot on the property ladder.

Are you keeping track of your pension pot?

Are you keeping track of your pension pot?

Keeping track of your pension pots can feel like a full-time job at times, particularly as we head towards a world where the average person will have eleven different jobs over the course of their career.
Can we make inheritance tax simpler?

Can we make inheritance tax simpler?

Inheritance tax (IHT) has existed in the UK for over 300 years. In its current form, it was brought in to replace the old Capital Transfer Tax; a measure that was brought in itself as a form of wealth distribution in order to regulate disparity between rich and poor.
March Market Commentary (archived)

March Market Commentary (archived)

“The first month of 2018 was a good one for the major stock markets which we cover in this Bulletin. We report on 12 markets and 11 of them made gains in January – in some cases, spectacular gains, which many investors would regard as more than adequate for a full year.”

The Collapse of Carillion – Lessons For Businesses

The Collapse of Carillion – Lessons For Businesses

The collapse of Carillion in January 2018 has already triggered disruption throughout the construction industry. Businesses subcontracted by Carillion will soon feel the effects of the liquidation of the second largest construction company in the UK, with smaller private companies likely to be hit the hardest. The domino effect of the collapse of such a massive company is unfortunately unavoidable at this stage. But what lessons could businesses learn from the fallout of Carillion’s demise?

4 steps to stop inflation eating your savings!

4 steps to stop inflation eating your savings!

According to the Consumer Price Index, inflation is currently at 3%. This is the highest rate for over five years, meaning household budgets are being stretched further and further as the average pay is going up by just 2.2%. As the Bank of England has just announced the first base rate rise in over a decade, the pressure is likely to be on even more as mortgage costs will go up for many people as a result. So, here are our top tips to help you ease the impact of inflation upon your income.
What is the skills shortage costing British business?

What is the skills shortage costing British business?

New research by the Open University has found that the cost of Britain’s skills shortages amounts to more than £2 billion annually due to higher salaries, temporary staffing bills and recruitment costs. The survey of 400 firms found that nine in ten respondents reported struggling to recruit workers with the correct skills within the last year. This is likely to exacerbate concerns over employers experiencing difficulties in filling key jobs, a situation many predict will be worsened after Brexit and a subsequent immigration clampdown.

Why retirement is worrying millennials and what steps they are taking

Why retirement is worrying millennials and what steps they are taking

A recent study by HSBC has revealed the main financial worries of the ‘millennial’ generation, recognised as those born between 1980 and 1997. As its title suggests, the ‘Future of Retirement’ survey focuses primarily on how millennials feel about how they are preparing for life after work, but also delves into the wider issues around money and modern life which are inherently linked to the subject.
Bill to the Bank of Mum and Dad could reach £6.5bn

Bill to the Bank of Mum and Dad could reach £6.5bn

A recent report has suggested that the ‘Bank of Mum and Dad’ will be lending their children over £6.5 billion this year in order to help them onto the property ladder. The projected figure is around £1.5 billion higher than the £5 billion loaned by parents to their offspring in 2016, demonstrating an increase of 30% and meaning that more than one in four property transactions in the UK in 2017 will involve parents.
4 Things to do Before The End of The Tax Year

4 Things to do Before The End of The Tax Year

The beginning of a new calendar year should serve as a timely reminder that we’re only three months away from the end of the current tax year. It might feel at the moment as though there’s plenty of time until the beginning of April, but ensuring you make use of the remaining months before they disappear is always a good idea. Here are our top four tips for ways to make the most of this tax year whilst you can.
Britain Takes Back Control. Or Does It?

Britain Takes Back Control. Or Does It?

Two announcements, coming little more than an hour apart, sent the UK political system and economy into wholly uncharted waters.
Ashgate Hospicecare 'Make a Will Month' gets Underway

Ashgate Hospicecare 'Make a Will Month' gets Underway

As a regular supporter of Ashgate Hospicecare, Banner Jones are delighted to be supporting this years ‘Make a Will Month’ campaign.
How much money do I need in retirement?

How much money do I need in retirement?

Budgeting for retirement can be more difficult than budgeting whilst you’re still working. Some costs may increase, such as heating your home, and you’ll have to work out exactly how much income you will be receiving from your pension. The average British wage is about £26,000 – to replicate that in retirement you’d need a pension pot of more than £300,000.