Abacus Advice

10/02/2024

On your marks - an early spring budget for 2024.

10/02/2024

London - The best city in the world! As a member of the London Chamber of Commerce and Industry, Abacus Advice is proud to be providing financial advice to companies across the city.

London Business Matters Jan/Feb 2024

24/01/2024

From 6 April 2024, ISA rules will be changing, mostly for the better. https://www.aaltd.co.uk/blog/a-revamp-for-individual-savings-accounts

20/01/2024

Succession planning, a family affair

A delicate process that requires clear communication and effective planning. Transferring wealth within a family is a delicate process that requires clear communication and effective planning. Otherwise, it could lead to a potentially large tax bill and bad feelings in the family. This narrative was depicted in the hit American HBO series ‘Succession,’ which centred on the Roy family, the owners of global media and entertainment conglomerate Waystar RoyCo, and their fight for control of the company amidst uncertainty about the health of the family’s patriarch.
https://meetings-eu1.hubspot.com/meetings/mikehardy/mike-hardy
https://www.aaltd.co.uk/blog/succession-planning-a-family-affair/

A delicate process that requires clear communication and effective planning Transferring wealth within a family is a delicate process that requires clear communication and effective planning. Otherwise, it could lead to a potentially large tax bill and bad feelings in the family. This narrative

18/01/2024

Inflation target met, but now what?

10/01/2024

Make sure your life insurance is written in an appropriate trust. Payment of a claim will be faster because there is no need to wait for a grant of probate and you can save inheritance tax because the claim will not form part of your estate. If you have life insurance not written in trust it could be argued that 40% of the premium you pay is simply for the benenfit of HMRC assuming the claim will all be subject to inheritance tax at 40%. Message me now to find out more.

08/01/2024

Could your business benefit from substantial savings and benefits? It might be time to review your workplace pension scheme! By switching to a new scheme, you could significantly reduce your business costs. Don't miss out on this opportunity to and ensure your employees are taken care of with a competitive . Learn more about and the benefits of today.

Could you save money with a workplace pension scheme switch?

08/01/2024

Crisis looming over today’s youth
Today’s twenty-somethings are on the precipice of a retirement crisis. According to new research, if they don’t adjust their savings habits, they could face an income shortfall of over £25k annually during their golden years [1]. This warning applies to young adults in the UK, aged 22 to 32, who are currently not saving enough for their retirement. The findings reveal that a significant proportion of this demographic could be staring down the barrel of a retirement savings gap.

Surprisingly, nearly one in five young people with a workplace pension (18%) need to know more about their monthly contributions. On a more optimistic note, by increasing their savings by just £30 each month, these 22 to 32-year-olds could boost their eventual pension pot by £100,000. However, if they continue their current savings pattern, they’ll likely face a substantial income shortfall of more than £25,000 annually during retirement, as per the new analysis.

Crisis looming over today's youth Today’s twenty-somethings are on the precipice of a retirement crisis. According to new research, if they don't adjust their savings habits, they could face an income shortfall of over £25k annually during their golden years [1]. This warning applies to young