6 Essential Tips for UK Small Business Owners
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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Preparing for the Retirement you Dream of
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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Guide to Venture Capital Trusts
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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The Power of Diversification: A Key Strategy For Your Investment
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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INVESTING: ADOPTING AN OLYMPIC MINDSET
The countdown is well and truly underway to this summer’s Olympic and Paralympic Games in Paris when we are all sure to be watching in awe as the world’s leading elite athletes showcase their talents. This exciting event highlights the dedication, discipline, and strategic planning that athletes embody to reach the pinnacle of their sports. Interestingly, these very attributes can be remarkably beneficial to investors aiming to enhance their financial wellbeing.
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Focusing on self-actualisation in retirement
To enjoy a financially secure retirement, it’s important to spend time doing some in-depth thinking well in advance to determine your goals and requirements in order to achieve the lifestyle you dream of. You need a robust financial plan.
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AI & Scams
Although there is much excitement surrounding the advent and development of artificial intelligence (AI), there are some serious risks involved – namely, the prevalence of scams that are becoming increasingly sophisticated.
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The surging cost of retirement
According to the Pensions and Lifetime Savings Association (PLSA)1, a ‘moderate’ standard of living that includes £55 per week on groceries, a two-week all-inclusive holiday, £10 a week on takeaways and £100 a month to take others out for a meal, could cost a single person £31,300 a year, which is £8,000 more than last year. For couples, £43,100 a year is required to live at this standard.
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New Pension Tax Framework
Discover the key changes to the UK's pension tax framework that came into effect 6 April 2024 and how they impact your retirement planning.
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