On the 12 Days of Christmas My Wealth Manager Said to Me

On the 12 Days of Christmas My Wealth Manager Said to Me

As we head towards parties (perhaps), presents (most certainly) and feasting (oh, yes!), few will have time to focus on finances. Thankfully, you can rely on Harpur Wealth Management to be thinking about them on your behalf. So here are our festive finance tips in the form of 12 bite size nibbles to keep your bounty buoyant throughout 2022!

On the first day of Christmas my Wealth Manager said to me, your ISA allowance is tax free

Your personal ISA allowance for the 2021/22 is £20,000. If you haven’t used it up yet, make a note to do so before it resets on the 6th of April, so you don’t have to pay tax on the interest or profits earned from your savings.

On the second day of Christmas…. Grandchildren Gifting

Gifting assets to your children and grandchildren whilst you’re still alive can help them to buy a house, or start a business. And it can help you to reduce the value of your estate with an eye on Inheritance Tax.

Inheritance Tax Assets

On the third day of Christmas… Retirement Planning

retirement planning

Whether you’re dreaming of sun-soaked cruises, volunteering or creating your dream house, let us help you turn your dream into a reality. We’ll help you to work out how much you need to realise your retirement dreams, and create a plan to get you there.

On the fourth day of Christmas…
Fixing Your Mortgage

It’s highly likely that interest rates will begin to rise in early 2022, so it’s definitely a good time to review your current mortgage arrangements. Look for a fixed rate deal, if you don’t already have one, and act before interest rates go up, rather than waiting for the announcement.

fixing your mortgage

On the fifth day of Christmas…
Your Pension Pot

Pensions are a great way to save for your retirement. The annual allowance is currently £40,000, or your income if you earn less than that. Even better, you can ‘mop up’ your previous three years’ allowances if you haven’t used them. The allowance decreases if you earn over £150,000.

On the sixth day of Christmas…
Start Estate Planning

start estate planning

This allows you to plan what you want to happen to your assets when you die. Estate planning allows you the luxury of time allowing you to make the process as easy as possible for loved ones to access your legacy, and be protected against – for example – a large Inheritance Tax bill.

On the seventh day of Christmas…
Protect Your Loved Ones

Thinking about your loved ones having to manage without your income or support is sobering. To stave off the ghost of Christmas Future, put in place some protection insurance. This ensures that should you lose your income, or your life, unexpectedly they will continue to be financially secure.

protection insurance

On the eighth day of Christmas…
Taxes for Sharing

Couples get two lots of Income Tax personal allowances, basic/lower tax rate bands and dividend personal allowances, and these can be used to maximise the amount of tax you save. Think about transferring assets that produce income to the best effect financially.

On the ninth day of Christmas…
Pensions for Children

Did you know that you could set up pensions for your children, and their children? You have an allowance of up to £3,600 per year, per child. If you saved that amount every year till they were 55, it would give them almost £100,000 (allowing for inflation)

On the tenth day of Christmas…
Inflation Friendly Savings

Inflation has risen rapidly over the past year, which means that that the purchasing power of your money has fallen. You may want to consider alternative methods for saving which will bring you a better return than interest rates.

On the eleventh day of Christmas…
Key Man Insurance

Key man insurance is a form of business protection insurance that guarantees stable continuity should you lose a member of your team who is key to your operations. Which is exactly what your shareholders want to see.

key man insurance

On the twelfth day of Christmas…
Wealth Managers Managing

If you don’t already have a wealth management advisor, why not make 2022 the year that you get one? Harpur Wealth Management creates bespoke financial plans for clients, based on their individual circumstances, retirement plans, and existing assets. Wherever you are now; we’ll help you to get where you want to be.

Happy Christmas and Best Wishes for the New Year!!

As we head towards parties (perhaps), presents (most certainly) and feasting (oh, yes!), few will have time to focus on finances. Thankfully, you can rely on Harpur Wealth Management to be thinking about them on your behalf. So here are our festive finance tips in the form of 12 bite size nibbles to keep your bounty buoyant throughout 2022!

On the first day of Christmas my Wealth Manager said to me, your ISA allowance is tax free

Your personal ISA allowance for the 2021/22 is £20,000. If you haven’t used it up yet, make a note to do so before it resets on the 6th of April, so you don’t have to pay tax on the interest or profits earned from your savings.

On the second day of Christmas…. Grandchildren Gifting

Inheritance Tax Assets

Gifting assets to your children and grandchildren whilst you’re still alive can help them to buy a house, or start a business. And it can help you to reduce the value of your estate with an eye on Inheritance Tax.

On the third day of Christmas… Retirement Planning

retirement planning

Whether you’re dreaming of sun-soaked cruises, volunteering or creating your dream house, let us help you turn your dream into a reality. We’ll help you to work out how much you need to realise your retirement dreams, and create a plan to get you there.

On the fourth day of Christmas… Fixing Your Mortgage

fixing your mortgage

It’s highly likely that interest rates will begin to rise in early 2022, so it’s definitely a good time to review your current mortgage arrangements. Look for a fixed rate deal, if you don’t already have one, and act before interest rates go up, rather than waiting for the announcement.

On the fifth day of Christmas…Your Pension Pot

Pensions are a great way to save for your retirement. The annual allowance is currently £40,000, or your income if you earn less than that. Even better, you can ‘mop up’ your previous three years’ allowances if you haven’t used them. The allowance decreases if you earn over £150,000.

On the sixth day of Christmas... Start Estate Planning

start estate planning

This allows you to plan what you want to happen to your assets when you die. Estate planning allows you the luxury of time allowing you to make the process as easy as possible for loved ones to access you legacy, and be protected against – for example – a large Inheritance Tax bill.

On the seventh day of Christmas…
Protect Your Loved Ones

protection insurance

Thinking about your loved ones having to manage without your income or support is sobering. To stave off the ghost of Christmas Future, put in place some protection insurance. This ensures that should you lose your income, or your life unexpectedly, they will continue to be financially secure.

On the eighth day of Christmas… Taxes for Sharing

Couples get two lots of Income Tax personal allowances, basic/lower tax rate bands and dividend personal allowances, and these can be used to maximise the amount of tax you save. Think about transferring assets that produce income to the best effect financially.

On the ninth day of Christmas… Pensions for Children

Did you know that you could set up pensions for your children, and their children? You have an allowance of up to £3,600 per year, per child. If you saved that amount every year till they were 55, it would give them almost £100,000 (allowing for inflation)

On the tenth day of Christmas…Inflation Friendly Savings

Inflation has risen rapidly over the past year, which means that that the purchasing power of your money has fallen. You may want to consider alternative methods for saving which will bring you a better return than interest rates.

On the eleventh day of Christmas…Key Man Insurance

key man insurance

Key man insurance is a form of business protection insurance that guarantees stable continuity should you lose a member of your team who is key to your operations. Which is exactly what your shareholders want to see.

On the twelfth day of Christmas… Wealth Managers Managing

If you don’t already have a wealth management advisor, why not make 2022 the year that you get one? Harpur Wealth Management creates bespoke financial plans for clients, based on their individual circumstances, retirement plans, and existing assets. Wherever you are now; we’ll help you to get where you want to be.

Happy Christmas and Best Wishes for the New Year!!

As we head towards parties (perhaps), presents (most certainly) and feasting (oh, yes!), few will have time to focus on finances. Thankfully, you can rely on Harpur Wealth Management to be thinking about them on your behalf. So here are our festive finance tips in the form of 12 bite size nibbles to keep your bounty buoyant throughout 2022!

On the first day of Christmas my Wealth Manager said to me, your ISA allowance is tax free

Your personal ISA allowance for the 2021/22 is £20,000. If you haven’t used it up yet, make a note to do so before it resets on the 6th of April, so you don’t have to pay tax on the interest or profits earned from your savings.

On the second day of Christmas…. Grandchildren Gifting

Gifting assets to your children and grandchildren whilst you’re still alive can help them to buy a house, or start a business. And it can help you to reduce the value of your estate with an eye on Inheritance Tax.

Inheritance Tax Assets
retirement planning

On the third day of Christmas… Retirement Planning

Whether you’re dreaming of sun-soaked cruises, volunteering or creating your dream house, let us help you turn your dream into a reality. We’ll help you to work out how much you need to realise your retirement dreams, and create a plan to get you there.

On the fourth day of Christmas… Fixing Your Mortgage

It’s highly likely that interest rates will begin to rise in early 2022, so it’s definitely a good time to review your current mortgage arrangements. Look for a fixed rate deal, if you don’t already have one, and act before interest rates go up, rather than waiting for the announcement.

fixing your mortgage

On the fifth day of Christmas…Your Pension Pot

Pensions are a great way to save for your retirement. The annual allowance is currently £40,000, or your income if you earn less than that. Even better, you can ‘mop up’ your previous three years’ allowances if you haven’t used them. The allowance decreases if you earn over £150,000.

start estate planning

On the sixth day of Christmas...
Start Estate Planning

This allows you to plan what you want to happen to your assets when you die. Estate planning allows you the luxury of time allowing you to make the process as easy as possible for loved ones to access you legacy, and be protected against – for example – a large Inheritance Tax bill.

On the seventh day of Christmas…
Protect Your Loved Ones

Thinking about your loved ones having to manage without your income or support is sobering. To stave off the ghost of Christmas Future, put in place some protection insurance. This ensures that should you lose your income, or your life unexpectedly, they will continue to be financially secure.

protection insurance

On the eighth day of Christmas…
Taxes for Sharing

Couples get two lots of Income Tax personal allowances, basic/lower tax rate bands and dividend personal allowances, and these can be used to maximise the amount of tax you save. Think about transferring assets that produce income to the best effect financially.

On the ninth day of Christmas…Pensions for Children

Did you know that you could set up pensions for your children, and their children? You have an allowance of up to £3,600 per year, per child. If you saved that amount every year till they were 55, it would give them almost £100,000 (allowing for inflation)

On the tenth day of Christmas…Inflation Friendly Savings

Inflation has risen rapidly over the past year, which means that that the purchasing power of your money has fallen. You may want to consider alternative methods for saving which will bring you a better return than interest rates.

On the eleventh day of
Christmas…Key Man Insurance

Key man insurance is a form of business protection insurance that guarantees stable continuity should you lose a member of your team who is key to your operations. Which is exactly what your shareholders want to see.

key man insurance

On the twelfth day of Christmas…Wealth Managers Managing

If you don’t already have a wealth management advisor, why not make 2022 the year that you get one? Harpur Wealth Management creates bespoke financial plans for clients, based on their individual circumstances, retirement plans, and existing assets. Wherever you are now; we’ll help you to get where you want to be.

Happy Christmas and Best Wishes for the New Year!!

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