The trend of “unretirement”—people returning to work after initially retiring—is becoming increasingly common. However, many of those who choose to unretire are unaware of the potential tax implications. Without careful planning, unretirement can lead to unexpected tax liabilities, creating what is often referred to as the "unretirement tax trap."
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Saving isn’t just good for your bank balance—it’s good for your mental health too. Recent findings from UK Savings Week highlight the link between regular savings habits and improved life satisfaction, particularly for low-income savers. By creating a savings routine, you can build financial resilience, reduce stress, and enjoy greater peace of mind.
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Junior ISAs (JISAs) have become an increasingly popular way for parents and guardians to plan for their children’s financial future, and women are leading the way. Research shows that, since 2019, women have consistently outpaced men in opening JISAs, showing their growing role in long-term financial planning for their families. This trend highlights the important role women are playing in shaping the next generation’s financial security.
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Over the years, a number of notable trends, such as increased longevity and individuals taking on greater responsibility for their pension provision, have clearly altered the retirement landscape significantly. Now, new trends look set to further change the face of retirement, adding complexity to the retirement planning process and making early planning ever more essential.
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Recent reports suggest that the wealth of high-net-worth individuals (HNWIs) grew by 4.7% in 2023, with the HNWI population increasing by 5.1% to 22.8 million globally*. This growing population has distinct financial needs that are evolving alongside economic conditions, market trends, and technological advances. As these individuals' wealth grows, so do their priorities when it comes to managing that wealth.
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Purpose has lately become a buzzword for investors and companies alike. Whether ‘mission-oriented’ investing excites you or makes you want to run for the hills, aligning your wealth with your values and interests can bring rich rewards—not just for you but for society as a whole.
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Navigating the complexities of tax can be daunting for small business owners, but optimising your tax strategy is crucial for protecting your profits.
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Planning for retirement is essential to secure the future you envision. With the ever-changing economic landscape and personal dreams for a fulfilling life post-work, understanding and preparing for the costs and strategies involved is more important than ever.
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Established by the government in 1995, VCTs provide capital to entrepreneurial ventures, often resulting in significant economic growth and innovation. Investors in VCTs can benefit from various tax incentives, making these trusts an attractive option for those willing to accept higher risk for potentially higher rewards.
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Investing can help you grow your money, but it can also be risky. One way to manage this risk is through diversification. In this article, we'll explain what diversification is, why it's important, and how you can use it to make your investments safer.
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