Where will you live in Retirement?

WHERE WILL YOU LIVE IN RETIREMENT ? Later-life housing is a growing market, with around 60% of projected growth in households over the next two decades set to be among those aged 65 and over# Moving home at any age is almost always a stressful and emotionally-challenging time, and arguably the longer you leave it, […]  Continue reading

Time is ticking on the IHT Clock

Time is Ticking on the IHT Clock Did you know you can give as many individuals as you please £250 each. As long as the gift doesn’t exceed this amount (even by a £1) it doesn’t count in your Inheritance Tax calculation. Handy if you have lots of grandchildren! You are also entitled to gift […]  Continue reading

IHT Planning alongside Grandchildren

IHT Planning alongside grandchildren – An exciting time for children but not so much for their parents if they have not made financial provision to plan for this expense. And expensive it is! Not only the major items like tuition fees and accommodation but what about the cost of living – rent, bills, food, books, […]  Continue reading

Adviser clients are better off in retirement

Adviser clients are better off in retirement Clients of financial advisers can hope to be almost 39% a year better off in retirement. This is compared to those who opt to take financial decisions by themselves according to research by Dunstan Thomas. A survey by the firm found adviser clients could on average hope for a […]  Continue reading

Not married to your partner ?

Not married to your partner ? Why it may make financial sense to get hitched!  What you NEED to know about money if you’re not married to your partner Increasing numbers of couples are choosing to live together as if they are married, without ever actually tying the knot. Millions buy homes together, have children together, […]  Continue reading

Independent Financial Advice – How can we help you

Independent Financial Advice – How can we help you ? If you haven’t used the services of an Independent Financial Adviser (IFA) before, here are some more details of who we are, what we do and the kind of help we can give you.  Based in Heywood, Greater Manchester, Logic Wealth Planning was set up […]  Continue reading

Six Major Tax Changes effective from 6Apr 2017

Six Major Tax Changes effective from 6Apr 2017 The arrival of the new tax year on April 6th 2017 brought a whole range of changes Here we summarise them for you –   Personal Allowance goes up  The personal allowance – the amount you can earn before paying income tax – will rise with the […]  Continue reading

Life Insurance – how can you keep it simple?

It may be one of those jobs you’ve been meaning to tick off your to-do list for a while. Life Insurance sounds complex so how can you keep it simple? Don’t delay – making sure your dependants are provided for should anything happen to you, must be a financial planning priority. The statistics indicate that […]  Continue reading

Looking after the grandchildren – IHT Planning

Looking after the grandchildren – Inheritance Tax Planning Pension flexibility has made pension contributions much more attractive as a means of funding an individual’s own retirement as there is 100% access but also because of the death benefit options. Cascading your wealth through the generations via your pension can be a great way to look […]  Continue reading

Discretionary Trusts

Discretionary Trusts The discretionary trust is a very flexible form of trust. In these trusts the trustees have discretion as to how, when, and for whose benefit to use some or all of the capital and income of the trust fund.  Beneficiaries or a class of beneficiaries are named in the trust deed and it […]  Continue reading

The Residence Nil Rate Band – 10 Important things

The Residence Nil Rate Band – 10 important things You could save as much £140,000 in IHT when the family home passes to your children on death. The new IHT Residence Nil Rate Band (RNRB) will be introduced in April 2017. It is in addition to an individual’s own nil rate band of £325,000, and […]  Continue reading

Don’t Give Too Much Money Away

More and more parents and grandparents are helping their children and grandchildren to get a good start in life, often by helping with education costs or a deposit for a property. However, there is some evidence that by doing so they may be putting their own standard of living at risk. A recent study by Investec […]  Continue reading