Financial News
Relevant Life Plans
Arranging a Mortgage
A mortgage is such a significant undertaking and represents, for most people, a serious long-term cost and commitment, that making sure the mortgage is ‘right’ is important. This is a video which is relevant to anyone looking at their mortgage position. From first-time buyers to those with existing mortgages (who maybe looking at changing or reorganising) the content brings out all the relevant points that need to be considered. Including so0me which are not immediately obvious.
Business Protection
This video explains how some of the major risks facing a business can be mitigated. One of the biggest risks is that the owner or a key person becomes seriously ill or dies. There are ways to insure against this, not only protecting the business but also the family of the individuals concerned. The video also explains how Relevant Life Policies work, this is a way of structuring life assurance through a company for the benefit of an individual and can save significant tax as opposed to directors paying for life assurance themselves.
Income Drawdown
Income Drawdown is a method of taking income from a Pension Plan which has become very popular since the introduction of Pension Freedom. Anyone planning their income in retirement should be familiar with this method. However it is far from straightforward and requires some care. This is a video which outlines the main factors individuals will need to take into account.
Pension Freedom Video
Pension Freedom is the name given to the rules that now apply to personal-type pensions and how these can be accessed from age 55. Pension investors are free to use their fund in different ways and to access the full value of the fund. This extra freedom has to be treated with great care, as there are possible tax implications and also a real prospect of the fund being depleted during retirement if the pension is poorly managed.
Residence Nil Rate Band Video
The Residence Nil Rate Band is the added Inheritance Tax allowance which relates to the value of a home. This can help increase the amount individuals can leave to their beneficiaries before any tax is payable. However the allowance can easily be lost and comes with lots of small complications, making it highly advisable to plan to make sure the allowance is fully utilised wherever possible.
The Benefit of Independent Advice
Critical Illness Insurance
Equity Release
Equity Release describes the way that the value of a property may be used to produce additional income or capital for the homeowner. This is a complex area which people should approach with great caution. Used wisely and well it can be an invaluable support, but if it is used inappropriately it can cause untold problems. This is a video which takes a comprehensive view of the subject and provides a wonderful starting point for anyone looking into releasing funds from their property.
