Almost one in three over-55’s mortgage repayment plans derailed. The cost of living crisis is a concerning and long-term problem for those trying to pay off their mortgage, especially over-55’s who are already having difficulty saving enough for retirement. Higher mortgage rates and rising costs of living are making it harder for some mortgagors to…
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Divorce involves many loose ends, both emotional and financial. It can generate high levels of uncertainty and financial stress, as it impacts on all areas of your life, from living arrangements to assets and pensions. That’s why financial planning through a divorce is essential to help protect your assets and prepare you for going forward…
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Welcome to our March/April 2023 edition. In this issue, financial planning can be a daunting and uncomfortable conversation for many, but thankfully attitudes towards talking about money are changing. Wealth succession should be an integral part of your financial plan as early as possible – because the right preparation now can have positive long-term impacts…
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Retiring early is a dream for many people. It is achievable for people who have been able to plan, save into a pension over a long period and take financial advice to help them plan their finances. However, it can become a financial problem if retirement is forced upon people before they have had time…
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With the current tax year having begun on 6 April 2022, the clock is ticking, and it is important to utilise all the tax reliefs and allowances available to you before 5 April 2023 in order to minimise any potential liabilities. Personal tax planning should be at the top of your agenda, as the end…
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The professional advice received from a financial adviser can make it easier to understand your financial situation and help you create strategies for better money management. They can provide tailored advice that considers your individual circumstances, goals and needs. They will explain the options available, from setting up emergency funds to effectively managing debt or…
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We are proud to announce that Truly Independent has made the final for the Professional Adviser Awards 2023 for the category “Best Advice Network”. The following key points will determine the winner of this category: What has your company done in the last 12 months to help your adviser clients or users grow their businesses…
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With a New Year comes resolutions. Everyone should make a resolution to review their protection and estate plans. A solid plan will help you feel confident your family’s finances are secure. The uncertainty of the past couple of years has shown how important it is to have a robust plan in place for securing your…
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How inflation could be impacting on your retirement plans. Inflation can affect your retirement savings depending on what you do with that money. Leaving your money in a bank account with low interest is a risk, as your money will not outgrow the rate of inflation. That’s why it’s important to have an understanding of…
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All of our February financial guidance factsheets are available to download below. Each one focuses on a different financial aspect to help guide you when setting and reaching your financial goals. If there is anything you are unsure about, or would like further information, all of our independent financial advisers offer a free initial consultation…
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Nearly half of pension holders have lost track of some of their pension pots. The lost pensions challenge in the UK has grown significantly in recent years, further exacerbated by the pandemic, which resulted in a large proportion of people moving jobs. A recent Pension Policy Institute research briefing calculated the total value of lost…
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Any unused ISA allowance will not be rolled over into the new tax year. On 6 April when the new tax year starts, if you haven’t used all of your or your children’s ISA allowances from the previous tax year, they will be lost forever. Want to know more about investing in an ISA? Your…
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