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Dying Matters Awareness Week 13th – 19th May 2019

Every year in May, Dying Matters host an Awareness Week, which gives an unparalleled opportunity to place the importance of talking about dying, death and bereavement firmly on the national agenda. In 2019, the week will run from 13th to the 19th of May and the theme is ‘Are We Ready?’

It’s a question that challenges on several levels. At Hamnett Wealth, we can help you answer this question on a practical level by assisting you with long-term care planning, wills and protecting your assets.

By taking appropriate action now, you and your family can face the future with peace of mind.  Long-term care planning gives you choice, flexibility and dignity when care is needed. It protects the assets of your family, ensures stability for the future and can protect against future potential fee increases.

Dying Matters have lots of useful information available on their website, including a checklist for planning ahead: https://www.dyingmatters.org/page/planning-ahead#end

To talk to us about long-term care planning, wills and protecting your assets, please call 0114 235 3500.

Moneyfacts

This week on our blog we wanted to share a useful resource with you. Moneyfacts.co.uk is a comparison site with a difference. Like Hamnett Wealth Management, they are completely independent and are committed to providing the most up-to-the-minute financial information.

Moneyfacts have recently produced a very useful and comprehensive guide to the UK’s tax allowances for 2019-20. You can read it online here:
https://edition.pagesuite-professional.co.uk/html5/reader/production/default.aspx?pubname=&edid=f9b0d187-7bd5-4f32-aa3d-1c42a84202e7

Alternatively, you can submit your email address and they will send it directly to your inbox: https://moneyfacts.co.uk/guides/money/moneyfacts-tax-table/

Westside Article – May 2019

Hamnett Wealth Management is a local, Chartered Independent Financial Advice company, based in south-west Sheffield, which has been helping people since 1989.  Our business is small enough to care about each and every one of our valued clients, building trust and long-lasting relationships, yet large enough to provide specialist financial planning advice on pensions, investments, inheritance tax and estate planning needs.

Our Chartered status means we have satisfied rigorous criteria relating to professional qualifications and ethical good practice. It means you can be confident that you are dealing with one of the UK’s leading firms that is wholly committed to providing you with the best possible advice, service and support.

At Hamnett Wealth Management you’re personally looked after by one of our four experienced, qualified and Independent Financial Advisors (IFAs) who will be dedicated to managing your individual requirements.

Being Independent means they are not restricted or limited in which products or providers they recommend.

Our IFAS are:

Jonathan Rowley has been advising clients for nearly 25 years and has been with Hamnett Wealth Management since 2002  Jonathan is also a SOLLA Accredited Later Life Adviser.  SOLLA helps people to find trusted accredited financial advisers who understand financial needs in later life.

Phil Smith joined the company in 1996 and, in that time, has dealt with all different kinds of clients, many of whom he still looks after today.  Phil specialises in advising clients on investments, pensions and inheritance tax planning.

Louise Gower came to Hamnett Wealth Management in 2009 and is an accredited member of Resolution which specialises in Pensions and Divorce.

Graham Walton started with the company in 2003 and focuses on green and ethical investments.

Our team of IFAs are backed up by professional support from our administration team who are all based in our Totley Office.  These are:

Lisa Richards – Business Manager

Louise Myers – Administrator

Jayne Briggs-Willis – Administrator

Alex Brown – Administrator

Some areas we deal with can be financially complex but we all speak in plain English and explain everything comprehensively.  We encourage you to ask as many questions as you need until you’re comfortable and able to make an informed decision as to how you wish to progress.

Please call the team on 0114 235 3500 for a free initial review meeting without obligation.  Alternatively, call in and meet us at 160 Baslow Road, Totley, Sheffield S17 4DR.

Retirement Funding is Workers Greatest Financial Worry

Having adequate funding in retirement is the most common financial worry for UK employees, according to a new survey. In an article published by Pension Age, the report, by Close Brothers, found that 31 per cent of UK workers were concerned that they would not have enough savings for a comfortable retirement.

The worry appeared to increase as people approach retirement, with 45 per cent of those surveyed aged over 55 citing it as a concern. Pension engagement was also revealed to be low, with 35 per cent of workers saying that they never reviewed the amount they were saving into their pension, while 12 per cent of over 55s said that they review it less than once a year.

This worry can be avoided by working with your financial adviser to plan for your future financial situation.   Call us on 0114 235 3500 to take advantage of our bespoke personal financial planning service. We can review all of your existing arrangements to help you take control of your retirement.

Stress Awareness Month

Stress Awareness Month has been held every April since 1992 to increase public awareness about both the causes and cures for our modern stress epidemic. According to the Mental Health Foundation 74% of UK adults have felt so stressed at some point over the last year they felt overwhelmed or unable to cope.

Millions of us around the UK are experiencing high levels of stress and it is damaging our health. Stress is one of the great public health challenges of our time, but it still isn’t being taken as seriously as physical health concerns. Stress is a significant factor in mental health problems including anxiety and depression. It is also linked to physical health problems like heart disease, problems with our immune system, insomnia and digestive problems. Individually we need to understand what is causing us personal stress and learn what steps we can take to reduce it for ourselves and those around us.

Hamnett Wealth could help you reduce your financial worries by working with you to plan for your future financial situation. We are passionate about making sure your finances are in good shape. We provide a bespoke personal financial planning service. Our extensive portfolio of advice covers areas from pensions to inheritance matters and tax-efficient investments. We are Chartered Independent Financial Advisors (IFA’s) and are not restricted in any way. We are dedicated to building long lasting relationships to help you secure your future.

To find out more about stress awareness and take a look at the fantastic resources available to help, please visit: http://www.stress.org.uk/national-stress-awareness-month-2019/

We are Just have also written a useful article on ways you can cope with stress in later life.  Read it here: https://www.wearejust.co.uk/news/how-to-cope-with-stress-as-you-get-older?fbclid=IwAR2dd8giYWGjhByRkUFlaHH7P0ANKfsMeVcT9yqwoVgSL7WVLaT4jvRXxsY

Westside Article – April 2019

April 6th 2019 sees the start of the new tax year and is an excellent time to spring clean your financial arrangements.  Here’s Hamnett Wealth Management’s suggested to do list:

1. Maximise your tax-free saving allowances

If you’ve money to save, but haven’t used up your ISA allowance, make sure you take advantage of this tax-free form of investment.  Equally, ensure you’re making the most of allowances on your pension contributions to cut your tax bill.

2. Take control of your pension arrangements

Whether you’re looking to set up a pension, save money on annual management charges or to reduce fees on expensive pension plans, review your current pension arrangements to see if they’re likely to help you achieve your retirement goals.

3. Review your investments

Markets have been volatile over the last 12 months. With fast changing political events affecting markets, it‘s imperative that your portfolio and pensions are strategically invested to profit from uncertainty and protect yourself from market shocks.

4. Plan for the future

Safeguard against unexpected future events spoiling your final wishes by setting up a trust alongside your will.  Trusts come in a variety of forms and can help lower potential inheritance tax bills as well as give extra guarantees  that loved ones will be looked after.

Appoint a lasting power of attorney so loved ones can act in accordance with your best interests and wishes as they are now.  There are two different lasting powers of attorney to consider – one to look after your health and the other your finances.

5. Brace for Brexit but…

…don’t be tempted to make any rash decisions. It’s important to remember that when the financial landscape changes, to not respond would be a missed opportunity. We recommend you seek advice from a professional Independent Financial Adviser to review your investments and ensure that your current financial plan is still working for you now and will continue to do so in the future.

Hamnett Wealth Management are Chartered Independent Financial Advisers who offer unbiased, expert financial planning advice and a working towards becoming a dementia friendly business.  Jonathan Rowley, Director and Chartered Financial Planner, is also an associate member of SOLLA. SOLLA helps people and their families in finding trusted accredited financial advisers who understand financial needs in later life.

We offer a free initial face-to-face consultation where we’ll assess your needs and explain how we can help. You’re always welcome to call into our office on Baslow Road, Totley or we can visit you in the comfort of your own home.  Call us now on 0114 235 3500.

Everybody Needs Good Neighbours

This week Jayne, Louise and Phil from the Hamnett Wealth Management team popped next door to support our neighbours, Totley Pharmacy, and meet Sheffield United Manager, Chris Wilder.  Chris was at Totley Pharmacy to open a donation station for their charity partners St Luke’s, which will be located within the pharmacy itself.

Totley Pharmacy opened the donation station to give St Luke’s greater access to the community in Totley and surrounding areas as well as to create extra fundraising opportunities as there is currently no venue in the area where the public can donate items. By dropping off unwanted items of clothing, books, DVDs, CDs, bric-a-brac and household items which will be sent to St Luke’s shops, people can help raise valuable funds

Find out more about Totley Pharmacy at www.totleypharmacy.co.uk and more about St Luke’s at www.stlukeshospice.org.uk

Westside Article – March 2019

Entering the new tax year is a great time to spring clean your finances. Here’s Hamnett Wealth Management’s suggested checklist:

1. Maximise your tax-free saving allowances

If you’ve money to save, but haven’t used up your ISA allowance, make sure you take advantage of this tax-free form of investment.  Equally, ensure you’re making the most of allowances on your pension contributions to cut your tax bill.

2. Take control of your pension arrangements

Whether you’re looking to set up a pension, save money on annual management charges or to reduce fees on expensive pension plans, review your current pension arrangements to see if they’re likely to help you achieve your retirement goals.

3. Review your investments

Last year saw increased volatility and this year could be just as interesting. This has meant that some previous flagship funds have fallen from grace. These new “Dog funds” have been named and shamed for charging high fees and delivering well below average performance. We are happy to review your funds and ensure that they are in line with your objectives and attitude to risk.

4. Plan for the future

Safeguard against unexpected future events spoiling your final wishes by setting up a trust alongside your will.  Trusts come in a variety of forms and can help lower potential inheritance tax bills as well as give extra guarantees  that loved ones will be looked after.

Appoint a lasting power of attorney so loved ones can act in accordance with your best interests and wishes as they are now.  There are two different lasting powers of attorney to consider – one to look after your health and the other your finances.

5. Get in touch

Have you lost touch with your previous advisor? Did you use a Bank who have since withdrawn from offering advice? Has your advisor lost their Independent status and become restricted in what they can provide to you?

Hamnett Wealth Management are Chartered Independent Financial Advisers who offer unbiased, expert financial planning advice and are working towards becoming a dementia friendly business.

Jonathan Rowley, Director and Chartered Financial Planner, is also an associate member of SOLLA. SOLLA helps people and their families in finding trusted accredited financial advisers who understand financial needs in later life.

We offer a free initial face-to-face consultation where we’ll assess your needs and explain how we can help. You’re always welcome to call into our office on Baslow Road, Totley or we can visit you in the comfort of your own home.  Call us now on: 0114 235 3500 or email us at: advice@advice@hamnettwealth.com

March is Free Wills Month

Next month is Free Wills Month.  This event brings together a group of well-respected charities to offer members of the public aged 55 and over the opportunity to have their simple Wills written or updated free of charge by using participating solicitors in selected locations around England, Wales and Scotland.

Wills are an essential part of any financial plan, as they dictate how you wish for your assets to be divided upon your passing.

They are increasingly important if you have dependents who rely on you financially, or if you wish to leave assets to those outside your immediate family. A Will can also be a good way to limit the burden of Inheritance Tax that may be left after you’re gone.

An up to date Will written by a solicitor ensures your wishes are respected. It also avoids difficult decisions and legal complications for your loved ones. Free Wills Month allows you to provide for family and friends and leave a gift to your chosen charities too.

To take part in Free Wills Month please visit https://freewillsmonth.org.uk to register.  You will then get access to the details of your local participating law firms.

State-of-the-art scanner arrives at Sheffield Children’s Hospital

A state-of-the-art scanner, which will allow doctors to diagnose young patients quicker than ever before, has arrived at Sheffield Children’s Hospital. Kids with cancer, epilepsy, painful injuries or neuro-disabilities will all benefit from the new £800,000 SPECT CT scanner.

The scanner was funded by members of the public and businesses across the region through the hospital’s dedicated charity. Dan Walker’s celebrity golf day, which Hamnett Wealth take part in every year, contributed a further £50,000.

SPECT CT is a ‘dual-imaging’ scanner, meaning radiologists will be able to take standard CT images and nuclear scans at once, providing more certainty for doctors and meaning more tailored treatment.

We have been proud supporters of the Children’s Hospital Charity for a number of years and Dan Walker’s Golf day, which takes place annually at Hallamshire Golf Club, has now raised a staggering £182,000 since the first event back in 2014.

To find out how you can support the appeal for an expanded Emergency Department and build a better future at Sheffield Children’s Hospital, visit www.tchc.org.uk

Read more about the scanner at: https://www.thestar.co.uk/news/sheffield-children-s-hospital-unveil-out-of-this-world-backdrop-for-revolutionary-new-800-000-scanner-1-9572029