NEWS
As we age or face unforeseen health challenges, managing finances and making healthcare decisions can become increasingly difficult. Have you ever considered the repercussions of losing mental capacity and being unable to make your own financial and welfare decisions?
Continue reading “Lasting Power of Attorney”
The experiences of today’s retirees offer a wealth of knowledge for anyone planning their retirement. By observing the paths already taken, future retirees can glean valuable lessons from the triumphs and challenges faced by those who have navigated this transition before them. This collective knowledge is crucial in shaping a retirement plan that balances financial security with mental well-being.
Continue reading “Learning from the retired”
When considering retirement planning, pension savings are a crucial component of your financial strategy and essential for a comfortable retirement. Securing the right professional advice is critical, as decisions made at this stage will significantly impact you and your family.
Continue reading “Retirement matters”
How you invest in your 50s could significantly impact your quality of life in retirement. While there is still time to increase your retirement savings, a seemingly simple mistake could derail your plans. This is where obtaining professional financial advice becomes crucial.
Continue reading “How much do I need to save for retirement?”
Since 2015, individuals over the age of 55 with defined contribution (DC) pension pots have enjoyed full freedom to decide how to manage their pensions; purchasing an annuity (a guaranteed income for life) is no longer mandatory. More than 221 people fully withdrew a pension pot of £250,000 or more between October 2022 and March 2023[1], resulting in a tax bill of at least £97,500 each[2], according to new analysis of FCA figures.
Continue reading “Britain’s biggest pension taxpayers”
Trusts are a powerful tool for estate planning, providing flexibility and control over asset distribution. Properly structured, they can address various scenarios and requirements, ensuring that your legacy is managed according to your wishes long into the future.
Continue reading “Placing assets into a Trust”
Nobody wants to consider what would happen if they became too ill to support their family financially. Financial protection is essential to creating peace of mind for your loved ones, but understanding what cover you may need can be confusing.
Continue reading “Financial protection”
From using your annual exemption to saving in an Individual Savings Account (ISA), we look at ways to reduce a Capital Gains Tax (CGT) liability potentially. Cuts to the CGT exemption mean that arranging your investments as tax-efficiently as possible is more important than ever.
Continue reading “Ways to reduce a Capital Gains Tax liability”
Receiving a lump sum of money, whether from an inheritance, windfall, or proceeds from a business or property sale, can be exciting and overwhelming. Deciding where to invest this money is crucial, and with numerous options available, it can be challenging to determine the best course of action.
Continue reading “Investing a lump sum”
Many people still lack a properly organised estate plan despite the numerous benefits of writing a Will—such as getting our finances in order, planning our legacy, and ensuring that our loved ones are well looked after.
Continue reading “The importance of drafting a Will”
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2018 Homer & Co LLP. Homer & Co LLP is authorised and regulated by the Financial Conduct Authority no: 498583 and is bound by its rules. Homer & Co LLP is a Limited Liability Partnership.Registered in England and Wales Company No. 0C344040. Registered Office: The Robbins Building, Albert Street, Rugby. FCA Firm Number: 498583 Legal. The information contained in this website is subject to the UK regulatory regime and based on our understanding of UK taxation laws. It is therefore subject to change. The website is primarily targeted to UK residents aged 18 and over.