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5 practical steps you could take this year if you want to retire in 2024
Every year thousands of people retire. It’s a milestone that you might be looking forward to in 2024 with excitement. It’s also a life event that you may feel nervous about. Spending some time preparing for the next chapter of…
Guide: 7 useful questions if you plan to take a flexible income from your pension
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 drawdown. A flexible income puts you in control and means…
Could your business finances affect your personal wealth?
Running a business can be a positive way to boost your net worth and help you to work towards your personal financial goals. When you run your business as a limited company, your business finances are ringfenced from your personal…
Small business investment was down 11% in 2022. Here’s how to improve your chances of securing funding
As your business goes from strength to strength, you may want to support this growth by seeking funding from an external source. External funding is an excellent way to drive your business forward, whether you’re hiring new staff, expanding your…
How to access wealth that’s locked away in your home
Are you considering how to access the wealth that’s locked away in your home? There’s more than one way you could release property wealth later in life. There are lots of reasons why you may want to access the money…
HMRC collects a record amount in Capital Gains Tax. Here’s how you could manage your liability
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 a tax exemption could mean CGT receipts might climb even…
Here’s why pension reforms mean you might want to reconsider your retirement plan
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 be worth reviewing your plan. Previously, the Lifetime Allowance (LTA)…
Buying property through your SIPP or SSAS? Here are 7 important considerations
Small, self-administered schemes (SSAS) and self-invested personal pensions (SIPP) are types of pension schemes that offer a host of opportunities to grow your wealth and save for retirement. One of these opportunities, particularly for business owners, is the ability to…
3 important tax rules that could affect you when selling your business
Selling your business can be a daunting task. From getting your business sale-ready to deciding on the right price, there is a lot to think about. One of the trickiest parts of the process is understanding your tax liabilities once…
Why soaring interest rates are affecting national debt and could mean tax rises
High inflation and rising interest rates aren’t just affecting households, they’re affecting the UK’s public finances too. Forecasts suggest the government may need to implement tax rises to avoid debt spiralling. According to the Office for National Statistics, at the…