As the end of the financial year approaches, we explain how to make the most of your pension allowances in 2020.

Hopefully, paying for long term care in your old age is a long way off. Or, like many families you may have an older family member that needs care now. Whichever scenario applies to you, the cost of a single room in a nursing home costs on average over £800* per week. That’s around £41,600 per year.

Tax returns are often seen as a chore, but for higher earners, completing Self Assessment accurately is often a route to paying less tax.

Tax returns are often seen as a chore, but for higher earners, completing Self Assessment accurately is often a route to paying less tax.

We tend to arrange more mortgages at the start of the New Year than at any other time. Not quite sure why this is, maybe people are thinking of starting afresh and making changes in their lives. Moving house or re-mortgaging are big decisions, getting financial advice can be invaluable.

With Help to Buy gone, the Lifetime ISA is now the only option

ISAs or to use the full name, Individual Savings Accounts, have been around for 20 years. So, there is a fair chance you could have one or more ISA accounts, especially if you are used to shopping around for good deals and understand the great tax benefits ISAs offer. However, if you are thinking about moving your savings from an existing ISA to another, please get financial advice first and don’t just cash in your ISA.

Cuts to pension limits mean thousands more savers will fall foul of the restrictions and could be landed with large tax bills.

As the saying goes, “in this world nothing can be certain, except death and taxes.” We can’t do anything about the former, but we can help you when it comes to your tax affairs, using sound financial planning, particularly Inheritance Tax planning.

A new report has worked out exactly what a comfortable retirement will cost you.