ISAs some of the basics

October 18, 2017

Enable’s IFA’s know ISAs are invaluable saving tool. To be eligible to invest in an ISA, the investor must be an individual, not a company or trustee and you need to be 18 years of age or over (except that 16 and 17 year olds are able to invest up to £20,000 in a cash ISA). You also need to be resident in the UK (or a Crown servant serving overseas or the spouse of such an individual who acco... more >

Insurance disclosures

October 17, 2017

Part of any comprehensive financial life planning includes insurance. When you are taking out a policy Enable's experienced IFA's in Bishop’s Stortford would recommend that you really do disclose everything; all past conditions and any risks. If not, your insurer may use 'non-disclosure' as an excuse not to pay out. When it comes to pre-existing medical condition, every insurer has its own ru... more >

Are ISAs completely risk free?

Enables IFA’s in Bishop’s Stortford strongly recommend clients to maximise their use of ISA allowance in their wealth management but there are some ISA Risk Considerations. It is important that you are aware of what the limitations are alongside the opportunities. As we know governments can and do change the rules on tax efficient vehicles, like ISAs so it is important to keep an eye on leg... more >

Capital gains tax charges

If you are an investor with a significant portfolio you will be looking to minimise your capital gains charges. You can look to crystallise a profit on investments of up to £11,100 in a tax year, and a similar amount the next, so you could take an £11,100 tax-free gain before April 5 and the same immediately after that date. Similarly, a couple can make £22,200 tax free annually, where assets a... more >

THE PUZZLING CASE OF STAGNATING PAY

October 16, 2017

The UK labour market continues to defy traditional economic theory with real wages still stagnating despite record levels of employment. Data from the latest official labour market statistics paint another rosy picture in terms of job creation. Indeed, the employment rate (proportion of people aged 16-64 in work) rose to 75.3% in the three months to July 2017, the highest figure since comparabl... more >

Impact of record low equity release rates

For those looking to supplement their retirement incomes there are several options.  Recently there has been a surge in the numbers of those switching plans from existing equity release customers, due to record lows in equity release rates, say new figures. According to national specialist Bower Retirement, 45% of its advisers have seen a rise in clients reacting to reductions. Their analysis sug... more >

Should I spend my ISAs or pension first?

Enables IFA’s of Bishop’s Stortford know that the reason for saving money into a pension during your working life is so you can use the savings to fund a comfortable retirement. Accumulating wealth is part of the picture but an important part of having money is spending it. Deciding exactly how to spend your nest egg and what assets to cash in first can require some thinking through. A 2017... more >

BANKS WARNED OVER DEBT BUBBLE RISKS

October 15, 2017

The BoE has warned banks that they are underestimating the risks posed by the surge in consumer borrowing and the hit they would take from debt default during an economic downturn. A rapid rise in consumer borrowing, which includes overdrafts, credit cards and car finance, has been an area of increasing concern for regulators. Consumer credit growth has consistently risen by double- digit month... more >

MARKETS: (DATA COMPILED BY THE OUTSOURCED MARKETING DEPARTMENT)

Global equity markets were largely positive on the last day of the quarter. Two US indices, the Nasdaq and S&P500 reached all-time highs in September as positive investor sentiment over economic growth and expectations of robust third-quarter corporate earnings prevailed. The Dow Jones gained over 435 points (1.98%) in the month, to close at 22,387.86, whilst the Nasdaq saw a 1.05% gain to clo... more >

Do you know enough about your mortgage rate?

Some new research from financial services specialists Momentum UK has found that UK mortgage borrowers tend to be oblivious to size of their debt. The study reveals that three in five borrowers have no idea of the remaining loan balance on their home. According to the study just 40% of mortgage borrowers are satisfied they know what’s left to pay on their loan. In addition only a third think ... more >