Calder Davis Wealth Management

26/06/2024

Where do you sit?

21/05/2024

Protection Plans are Essential:

Life insurance, income protection, and critical illness cover are not just policies; they are safety nets that provide peace of mind and financial security for you and your loved ones.

The Value:

Life Insurance: Ensures your family’s financial stability by covering financial burdens in the event of your untimely passing.

Income Protection (IP): Replaces income if you're unable to work due to illness or injury, helping you maintain financial obligations.

Critical Illness Cover (CIC): A lump sum payment if you're diagnosed with a serious illness, allowing you to focus on recovery without the stress of financial burdens.

The Consequences of No Plan:

Imagine a scenario where Joe, a 35-year-old engineer, who is the sole earner for his family. He has a wife, Emma, and two young children. He believes he's in good health and decides to forgo any protection plans, thinking they're unnecessary expenses. "what am I getting from it" he questions.

One day, Joe is sadly diagnosed with a serious illness. Without CIC, Joe unfortunately faces long NHS waiting lists, as he cannot afford to seek private or specialist treatment. Unable to work, his family lose their source of income. Outgoings become unmanageable, and savings are depleted. Emma is forced to take a part-time job, but it's not enough to cover expenses. The family faces losing their home their standard of living.

Contrast this with a scenario where Joe had a protection plan. The critical illness cover would provide a lump sum to cover medical expenses and household costs, while income protection ensures a steady income during his recovery. Life insurance would further safeguard his family's future, ensuring financial stability regardless of what happens.

Don’t wait for the unexpected to happen. Protect yourself and your family with a robust protection plan. It’s an investment in peace of mind, ensuring that no matter what, you and your loved ones are financially secure.

Your future self may thank you.

20/02/2024

Are you making the most of your tax allowances this year? Are you fully utilising your ISA allowances, maximising contributions to your pension, and considering investments beyond ISAs and pensions? Do you have a will in place to protect your assets? Take our Tax Savvy Scorecard quiz to see how savvy you are when it comes to taxes and financial planning!

Find out your score here: https://areyoutaxsavvy.scoreapp.com

Personal tax is one of the key pieces to financial planning that so many Britons get wrong or leave in the hands of others – and it can cost untold amounts of money. Perhaps you’re one of them? Discover if your personal tax situation could be improved and potentially put money back in your pocke...

14/02/2024

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!

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

12/01/2024

🔔 Tax Year End Alert!

As we glide towards the end of the tax year, it's time for a financial check-in! 📆 The countdown to April 5th has begun, and I want to ensure you make the most of this prime opportunity.

💡 Key Considerations:
1. Tax Efficiency: Let's review your current tax position and explore avenues for optimisation.
2. ISA Magic: Maximise your ISA allowances – a smart move for tax-efficient investing.
3️. Pension Power: Evaluate your pension contributions to align with available allowances.
4️. Capital Gains Wisdom: If you've made gains, let's strategize within the bounds of your Capital Gains Tax allowance.

🤝 Your financial goals are our priority, and this is the perfect time for a personalised review. Let's chat and make sure your financial plan is shining bright as we bid farewell to the current tax year.

We will be reaching out to all of our clients, but please feel free to reach out to us!

25/12/2023

Merry Christmas from the team at Calder Davis Wealth Management!

22/11/2023

Chancellor Jeremy Hunt unveils Autumn Statement.

Here's a snapshot of the impactful measures that will shape the year ahead and influence millions of lives:

Taxation and Wages:

National Insurance main rate is cut, dropping from 12% to 10%, effective January 6.
Class 2 National Insurance, applicable to self-employed earners surpassing £12,570, is abolished starting April.
Class 4 National Insurance for self-employed individuals, operating on profits ranging from £12,570 to £50,270, witnesses a reduction from 9% to 8% commencing April.
The National Living Wage sees an increase, from £10.42 to £11.44 per hour, effective April.

Benefits and Pensions:

Universal Credit and working-age benefits receive a boost of 6.7% from April, aligned with September's inflation rate.
Local Housing Allowance rates are unfrozen and increased to 30% of local rents.
The Work Capability Assessment undergoes a substantial revamp to align with the feasibility of home working post-Covid.
A funding injection of £1.3 billion over the next five years is allocated to assist individuals with health conditions in finding employment.

Economy and Public Finances:

The Office for Budget Responsibility predicts a gradual economic growth trajectory, anticipating 0.6% this year and 1.7% in 2028.
A forecasted decline in inflation to 2.8% by the end of 2024 is projected, aiming to meet the Bank of England's 2% target rate in 2025.
The management of debt levels is strategically planned, with an anticipated decline to 91.6% of GDP next year.

Business and Infrastructure:

The "Full Expensing" tax break is made permanent, allowing companies to deduct spending on new machinery and equipment from profits.
The 75% business rates discount for retail, hospitality, and leisure firms is extended for another year.
Households residing near new pylons and transmission infrastructure are set to benefit, receiving up to £1,000 off energy bills annually for a decade.
A funding injection of £4.5 billion is allocated to attract investments to strategic manufacturing sectors.

07/11/2023

Embracing a day away from the desk to make a difference!

It was a truly special day as our team at Calder Davis Wealth Management joined forces with other SJP partners, advisers and staff to volunteer for the heart warming charity Wellchild. We spent the day transforming a garden, and the results speak for themselves – it was a remarkable transformation! 💚

Wellchild is an extraordinary charity dedicated to supporting children with disabilities. We were inspired by their commitment and the positivity they bring to the lives of these incredible kids. 🤗

Let's all be part of the change! Share the love and join us in supporting Wellchild's amazing work. 🌼

💕

25/10/2023

One of our youngest clients recently assessed his asset allocation within his JISA as part of his annual review within his Wealth Account. With exciting financial aspirations and big ambitions, we're proud to guide him on this journey! 😂

On a more earnest note, Archie's parents have graciously allowed us to share this experience on our social platforms to emphasise the importance of financial planning for parents. They believe this will pave the way for his future, whether it's for education, homeownership, or any other dreams. They are thrilled to have received this valuable advice from the very beginning, having started it practically from birth. Beyond just spreading the word through personal recommendations, they want this knowledge to reach far and wide, appreciating the role we've played in their family's financial planning across generations. 👨‍👩‍👦💰

20/10/2023

Quote of the week! From the man himself.

He's the best in the world at what he does. But even he understands that we all need to seek advice when we don't have the expertise.

13/10/2023

Exploring Global Retirement Ages

The retirement journey isn't the same worldwide! Dive into the fascinating world of retirement ages by country. It's a blend of economics and culture.

This brilliant infographic produced by visualcapitalist.com illustrates the difference in retirement age globally. Discover below the countries with the highest and lowest retirement ages!

10/10/2023

Incredible Achievement Alert!

We are thrilled to congratulate our very own Jamie Calder for conquering a half marathon with an impressive time of 02:23:32!

Jamie ran this race with a purpose, and it's a cause we can all get behind. He dedicated his miles to support the amazing charity "Taylor-Made Dreams," which goes above and beyond to bring dreams to life for children with life-limiting illnesses.

Let's join hands and show our support for Jamie and this heart warming cause! follow the link below to contribute and help make a difference in the lives of these brave kids. Every donation counts, no matter the size!



https://www.justgiving.com/page/jamie-calder-1685009696619?utm_medium=fundraising&utm_content=page%2Fjamie-calder-1685009696619&utm_source=copyLink&utm_campaign=pfp-share