Funding Future Care Costs

Funding Future Care Costs

‘The tragedy of old age is not that one is old, but that one is young’

With the UK’s population ageing, more people will be living with long-term care needs. Oscar Wilde once said: ‘the tragedy of old age is not that one is old, but that one is young.’ but the good news of rising life expectancy also brings with it the challenge of how we fund our future care costs. The question is: who is responsible for looking after us if we need care in old age?

Protecting your finances and well-being

Protecting your finances and well-being

Millions of Britons face financial fallout should serious illness strike.

It’s easy to think that we will never be diagnosed with a critical illness, particularly when we feel healthy and energetic, but we can fall ill with very little warning. A critical illness can have a serious impact not only on our life, but also on the lives of your children, spouse or partner. So it’s important to make sure that you financially protect yourself and your family.

Career Kick-Start

Career Kick-Start

Parents feel it is their responsibility to support their children

Despite footing the bill for further education, almost a quarter (23%) of parents worry that their children’s qualifications won’t be valuable in the workplace.

Parents in Britain are spending on average £17,400 to help kick-start their children’s careers, new research from Scottish Widows’ think tank, the Centre for the Modern Family (CMF), has found. For the average UK family, this equates to an estimated £7,900 per child[1].

CHALLENGING JOBS MARKET

Foreign expats living in the UK

Foreign expats living in the UK

New regulations coming into force from 6 April 2017

As the tax year end approaches, people will be rushing to ensure they maximise their annual allowances and have their finances in good shape. This deadline applies equally to foreign expats (often referred to as ‘non-UK domiciles’) living in the uk as it does to those who were born in the UK. In fact, this year, foreign expats may have even more considerations due to new regulations coming into force from 6 April 2017.

2016/17 Year End Planning

2016/17 Year End Planning

Keeping your taxes as low as possible – what you need to consider sooner rather than later

The 2016/17 year end for tax planning purposes is now only a matter of months away with the deadline approaching on 5 april. Effective tax planning is about knowing the personal and business taxes you are liable to pay and acting to legally minimise them. It is also about maximising your net income and creating opportunities to invest and save tax-efficiently for the current and future needs of your business, your family and yourself.

Money’s too tight to mention

Money’s too tight to mention

Planning financially for long-term sickness.

How would you pay the bills if you were sick or accidentally injured and couldn’t work? According to research by UNUM and Personnel Today, just 12% of employers support their staff for more than a year if they’re off sick from work.

Given the low level of state benefits available, everyone of working age should consider Income Protection (IP). But when Which asked the public, just 9% said they have some form of IP, compared with 41% who have life insurance and 16% who have private medical insurance (PMI).

Generation X

Generation X

Procrastinating when it comes to putting money aside for retirement

People with birth dates between 1964 and 1979 are labelled as ‘generation x’ and are suffering from a widespread tendency to procrastinate when it comes to putting money aside for retirement, according to the results of a new survey.

On average, respondents across the sample expected to delay planning by around eight years. But there is a telling picture of procrastination that demonstrates the vast majority continue to put off pension planning throughout their mid-life period.

Estate planning – not just for the wealthy

Estate planning – not just for the wealthy

When you hear the term ‘estate planning’ it automatically conjures images of the huge country estates of the very wealthy. But this portrayal can be very misleading – especially when it comes to estate planning in the financial sense of the term. Why? Because estate planning should be the concern of each and every one of us, not just the rich and famous who own large multi-million pound ‘estates’.

Free auto-enrolment seminar

Free auto-enrolment seminar

Fairstone Financial Management is delighted to invite you to attend a free breakfast seminar in conjunction with The Pensions Regulator, all about auto-enrolment. 

Sponsored by Fairstone, one of the UK's largest Chartered financial planning firms, this educational seminar is an opportunity to hear from The Pensions Regulator about your auto-enrolment obligations.

The seminar will arm you everything you need to ensure that you out in place a compliant workplace pension scheme by your business' staging date.

Agenda: 

9.00am - Registration and refreshments