The recent Budget was one of tax pain largely deferred. Mr. Sunak was never going to introduce significant tax increases as economic recovery is the priority.\u00a0 The proposals of most interest were:<\/p>\n\n\n\n
These freezes, along with rising property prices across the UK, mean that investment values are growing, putting more people at risk of falling into the inheritance tax net.\u00a0 The Government raises billions each year from people sleepwalking into higher and higher taxes.\u00a0\u00a0 It is time to act.\u00a0 No matter how large or how modest, everyone has an estate and you will want to control how it is administered to the people or organisations you care most about. \u00a0\u00a0There are lots of points to consider such as making a will, appointing a Lasting Power of Attorney or nominating a pension beneficiary.\u00a0 It is important to plan ahead with confidence in order to minimise the tax burden for your family and loved ones in the future.\u00a0 <\/p>\n\n\n\n
The world has never seen as much coordinated stimulus as in the past nine months.\u00a0 This sets the stage for a strong economic recovery across the world in 2021.\u00a0 Markets have already put COVID-19 behind them and have been largely positive since January. Biden wasted no time in unveiling a $1.9 trillion stimulus package and the UK has announced more measures to protect badly affected businesses. Companies know that the end is in sight and they also know that consumers are itching to spend as soon as they can.\u00a0 However, returns on bank and building society accounts are falling to a minimum and interest rates and inflation are picking up.\u00a0 All of this suggests now is the time for a financial review so that you are ready for the recovery. <\/p>\n\n\n\n
During the Covid-19 pandemic, financial scams have been a\ngrowing problem, particularly affecting the older generation with the average\nage of a victim being 75. The need for trusted, independent advice has\nnever been greater. Hamnett Wealth\u2019s Director, Jonathan Rowley, is a\nSOLLA accredited Independent Financial Adviser. SOLLA is a not-for-profit\norganisation founded to make sure older people and their families get the very\nbest advice when it comes to financial planning for later life. SOLLA members\nkeep up-to-date with the fast-moving world of financial fraud and can help to\nspot the signs of scams. They are dedicated to providing the right advice and\nwith a full understanding of the issues affecting older people and their\nfamilies. Hamnett\nWealth Management has also committed to the Financial Vulnerability Taskforce\nCharter which aims to promote a greater understanding of vulnerability,\nencourage appropriate behaviours and establish good practice amongst personal\nfinance professionals in respect of people who find themselves in vulnerable\ncircumstances.<\/p>\n\n\n\n
Hamnett Wealth Management offers a free consultation where you can gain an independent and professional second opinion on your financial arrangements. Do you know what your current advisor is charging you in fees?\u00a0 Recent press reports have highlighted several cases of people moving their portfolios and pensions from a certain provider because they have been subjected to high fees, poor service and a lack of transparency.\u00a0 Maybe you\u2019ve lost touch with your financial advisor, are unsure of how your portfolio is performing or are looking to minimise the fees you are paying – our Advisors can review your finances and look at alternate ways for you to get a good return on your savings and pensions. <\/strong>We keep our costs to a minimum and because we are independent, we don\u2019t need to worry about shareholders.\u00a0 We can then pass these savings onto our clients, meaning that our fees are cheaper than the large corporate companies.<\/p>\n\n\n\n Our office is operating as normal but we can also offer appointments in the comfort of your own home, by telephone or by Facetime, Microsoft teams and Zoom. Please call us on 0114 235 3500 to arrange a free initial meeting.\u00a0 <\/strong><\/p>\n\n\n\n This article appears on page 27 of the June issue of Westside magazine. You can read the magazine online at Westside | RMC Media<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":" The recent Budget was one of tax pain largely deferred. Mr. Sunak was never going to introduce significant tax increases as economic recovery is the priority.\u00a0 The proposals of most interest were: The addition of \u00a370 to the personal allowance and \u00a3200 increase in the basic rate band, in line with indexation requirements.\u00a0 However, after … Continue reading “Westside Article – June 2021”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-400","post","type-post","status-publish","format-standard","hentry","category-advertorial"],"_links":{"self":[{"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/posts\/400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/comments?post=400"}],"version-history":[{"count":1,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/posts\/400\/revisions"}],"predecessor-version":[{"id":401,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/posts\/400\/revisions\/401"}],"wp:attachment":[{"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/media?parent=400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/categories?post=400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hamnettwealth.com\/news\/wp-json\/wp\/v2\/tags?post=400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}