Lee Blissett Wealth Management

Burnham's Britain – economic priorities to consider?

With the support of 90% of Labour MPs (349 in total), Andy Burnham has replaced Sir Keir Starmer as the UK’s prime minister for the remainder of this parliament, ending in August 2029 (at the latest). While pledging to do things differently, there are many challenges ahead. We take a closer look at some of the domestic issues the new prime minister may consider priorities.

Burnham's Britain: economic priorities to consider? With the support of 90% of Labour MPs (349 in total), Andy Burnham has replaced Sir Keir Starmer as the UK’s prime minister for the remainder of this parliament, ending in August 2029 (at the latest). While pledging to do things differently, there are many challenges ahead. We take a closer look a...

Women and wealth: A growing frontier

Women own more wealth than at any time in history. Money is being earned, created through entrepreneurship, and inherited by women through wealth transfer at a rapidly growing rate.
But for many women there are still significant barriers to growing their wealth and gaining financial security. This is because they must navigate a financial and economic system designed predominantly by men, which often doesn’t reflect their lives.
However, a quiet revolution is happening. With women holding more wealth in their own right, they are beginning to demand a different approach from financial services providers – and from financial advice. While the pace of change is likely to be slow, a shift is on the horizon.

Women and wealth: A growing frontier Women own more wealth than at any time in history. Money is being earned, created through entrepreneurship, and inherited by women through wealth transfer at a rapidly growing rate.

Last night we had a fabulous evening in the company of other business owners, making new connections and friendships. Organised by the fabulous Frances Essex Socials for WFHers, solopreneurs and self-employed.
Thank you and can’t wait for the next one!! Frances Barrett

New 22% charge on cash in investment ISAs
The government has announced a 22% charge on the interest on cash savings held within non-cash ISAs, including stocks and shares ISAs and innovative finance ISAs, from April 2027.
ISA providers and investors have been calling for government to give clarity on the treatment of cash holdings in non-cash ISAs. It follows the announcement in the Budget in November last year of a reduction in the annual tax-free cash ISA allowance for the under-65s from next April.
The government has also unveiled a simplified ISA for first-time buyers, which will replace the lifetime ISA. The first-time buyer ISA will continue to pay a bonus on savers’ money and will remove the exit penalty, for those who choose not to use the proceeds for a house purchase.
From April 2027, the annual tax-free cash ISA allowance will fall to £12,000 for savers under 65. The annual limit for stocks and shares ISAs and innovative finance ISAs will remain at £20,000. The annual cash ISA allowance for those aged 65 and over will remain at £20,000.

Read our article below for full details on these important changes.

New 22% charge on cash in investment ISAs The government has announced a 22% charge on the interest on cash savings held within non-cash ISAs, including stocks and shares ISAs and innovative finance ISAs, from April 2027.

Our Latest Newsletter is now out! In this edition Lee talks about whether Trusts can help protect your estate and you can catch up on our practice and giving back news.
Visit our website - link in comments below to download.

Women and wealth: Navigating the financial future

Female wealth is growing at pace, fuelled by inheritance, more women in higher earning careers, and a rise in female entrepreneurship. Yet it is not a consistent picture across the board; research tells us that many women are facing gaps in their finances.
Over the next 12 months we will publish a series of articles aimed at helping women feel empowered when navigating all aspects of their money.
Our in-depth features aim to reassure and encourage women to take action to secure their financial future, whether they’re running a successful business or on a career break, taking a more proactive approach to their pension planning or thinking about how to invest an inheritance.

Women and wealth: Navigating the financial future Female wealth is growing at pace, fuelled by inheritance, more women in higher earning careers, and a rise in female entrepreneurship. Yet it is not a consistent picture across the board; research tells us that many women are facing gaps in their finances.

Why bonds are back in the spotlight – and why it matters

Bonds are back in the headlines, with political uncertainty driving fresh volatility in what is usually seen as a steadier part of the market. But why does this matter for investors? We answer some of the key questions in the article below.

Why bonds are back in the spotlight – and why it matters Investors hate uncertainty, but the UK currently has it in bucket loads. The Labour party leadership contest is raising fears that the government’s already weak finances will be put under further strain should candidates promise to spend more in a bid to woo voters.

Saving and investing for children and grandchildren

Many parents worry that their children will struggle to find their financial feet in the current environment. Concerns include the flagging jobs market and inadequate retirement savings. Meanwhile, high house prices make it increasingly difficult to take the first step onto the property ladder. These are all factors driving fears that younger generations will face a tougher financial future.
However, there are a variety of investment and saving tools for parents and grandparents who want to support children and grandchildren in building financial foundations. Here we explore some of the main options available.

Saving and investing for children and grandchildren Many parents worry that their children will struggle to find their financial feet in the current environment. Concerns include the flagging jobs market and inadequate retirement savings. Meanwhile, high house prices make it increasingly difficult to take the first step onto the property ladder. Thes...