Paddy Wallace - Financial Adviser - PFP Wealth Group Ltd

Yesterday, Chancellor Jeremy Hunt announced his Spring Budget. To the relief of many observers, the Chancellor unveiled a more optimistic fiscal landscape than anticipated, with lower inflation, more vigorous growth, and a forecasted decrease in debt relative to GDP.

So, what does the budget mean for you? https://www.pfpwealth.co.uk/article/detail/sjpp/navigating-the-spring-budget-opportunities-for-tax-efficiency-and-financial-planning.html

📢 Join experts from our Technical Connection Division, as they share an insightful update, following the Chancellor’s Spring Budget 💼.

📅 Thursday 7 March 2024
💡 Tax and Financial Planning Essentials Following the Spring Budget 2024
⏰ Time: 12:30 – 13:30
📍 Location: Zoom Webinar

Providing updates on the latest changes to our tax landscape and exploring some of the key announcements from the Spring Budget. Discover how to access available allowances, exemptions, and reliefs helping you to invest tax efficiently. 📈

It’s time to take charge and achieve your financial goals! 💰

Register Here: https://sjp-co-uk.zoom.us/webinar/register/5617065314536/WN_VJJbZG7nSQKC6GzcWTTMWA

The value of your investment can go down as well as up. You could get back less than you invested.

Taxation rules can change at any time and are dependent on individual circumstances.



PFP Wealth Group Ltd is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives.

SJP Approved 31/01/2024

📣 Heads up! Changes are on the horizon for Capital Gains Tax.

From 6 April, the allowance is set to reduce to £3000, potentially impacting your tax liability on property or valuable assets sold post this date. ⚖️

If you're contemplating the sale of an asset or property, now might be the time to act and leverage the current tax-free allowance. 🏡💰

Let's navigate this adjustment together to ensure you make the most of your financial decisions. Time is ticking! ⏰. Contact me today!

https://www.pfpwealth.co.uk/article/detail/sjpp/getting-on-top-of-capital-gains-tax.html

Taxation rules can change at any time and are dependent on individual circumstances.



PFP Wealth Group Ltd is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives.

SJP Approved 16/11/2023

The S&P 500, a US stock index, broke the 5,000 mark for the first time on Thursday last week. Find out more: https://www.pfpwealth.co.uk/article/detail/sjpp/weekwatch-12-02-2024.html

Last week saw a familiar pattern for those that have been following markets over the last year. Interest rates remained high, and large technology companies increased in value. https://www.pfpwealth.co.uk/article/detail/sjpp/weekwatch-05-02-2024.html

If you’re earning between £100,000 and £125,140, the tapering of the personal allowance means you could end up paying 60% tax.

Find out how you can beat the tax trap: https://lnkd.in/eyjkqw9H

Inheritance Tax (IHT) can be tricky to understand, but its impact can mean a reduction in the amount of money that ends up in the pockets of your loved ones.

Here are 10 ways you can reduce Inheritance Tax.

Are you Self-Employed? Are you currently saving for Retirement?

In the UK, there are around 4.5 million self-employed people, accounting for 15% of the UK workforce. Yet just 31% of self-employed people are saving into a pension. Is this you?

Things to consider:

What happens when I get to pension age?

What does my retirement look like?

What are the tax advantages of contributing to a pension?

Source: https://www.ipse.co.uk/policy/research/the-self-employed-landscape/how-to-solve-the-self-employed-pensions-crisis.html

After the risk-off mood in October, world markets have staged a strong recovery so far this month, as investors increased their bets that the major central banks have ended their lengthy run of interest rate hikes.

Last week was packed with events that could have put a big dent in investors’ confidence. As it turned out, they cheered the news. https://pfpwealth.co.uk/article/detail/sjpp/weekwatch-20-11-2023.html

Inflation refers to the increase in the price of goods and services over time. It means that your money may be able to buy less in the future than it can today. Inflation can also have an impact on the real value of your cash savings over the long term. In fact, if inflation continues at a rate of 4% over the course of two decades, the purchasing power of your savings could decrease by more than 50%.

If you plan on saving over the long term, which typically means for five years or more, then choosing to invest could be the best way to shield your money from the damaging effects of inflation whilst also securing your future financial wellbeing. However, it’s important to note that investing also comes with risk. You can speak to an adviser to discuss an investment strategy that matches your risk appetite and investment objectives. The key to beating inflation is by investing in assets which produce a higher rate of return than inflation.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select, and the value can therefore go down as well as up. You may get back less than you invested.