Four ideas for keeping your books in order in 2018
Whether you’re the kind of person who prides themselves on having their accounts in order every year, or you’ve just had yet another eleventh-hour rush to submit your tax return before the deadline at the end of January, the beginning of a new calendar year is a fantastic time to…
Hints that interest rates may rise
Data issued at the end of January showed that the final quarter of 2017 saw the economy grow by 0.5%. The Bank of England has now hinted that the speed of interest rate rises could accelerate if the outlook stays positive. While Mark Carney and his colleagues voted to keep…
How to combine retirement, job satisfaction and work/life balance
Two of the main fears faced by employees when they reach their 50s and 60s are those of getting job satisfaction and a work/life balance. Recent studies have offered fresh insight into the reasons behind these issues and the best ways to deal with them. One study carried out by…
Top tips for retiring well
Your retirement should be something you look forward to: a time when you can reward yourself for the years of hard work you’ve put into your business or career, your family and whatever else you’ve devoted time on throughout your working life. But retiring well can be more difficult than…
How to avoid the mid-life savings crisis!
New research has exposed that nearly one in five people (18%) in their 50s and 60s are failing to save anything towards their retirement due to the rising cost of living and flat wage inflation. Referred to as a ‘mid-life savings crisis’, it means…
5 important financial changes to watch out for in 2018
As with any new year, there are several financial changes about to happen in 2018 which are likely to impact on your monthly budget and long-term saving objectives. Let’s have a look at five of the most important and what they’re likely to mean for you over the months ahead.
What does the reduced money purchase annual allowance mean for you?
The money purchase annual allowance (MPAA) places a limit on the amount of tax efficient pension contributions that can be made by employees who have already accessed their pension flexibly. The standard annual allowance is £40,000, whilst the MPAA was originally set…
5 financial goals for 2018!
Whether or not you’re the sort of individual who sees the beginning of January as the time to set yourself resolutions and stick to them, the period after the extravagances of Christmas and New Year is perhaps one of the best times to actively get your finances into shape. Here…
Video: asset classes explained
Asset classes are broad groups of securities or investments that exhibit similar financial characteristics. Traditionally, there are four main asset classes: cash, fixed-interest securities (also called bonds), property and shares. Here at Charters Private Wealth, we help clients blend the different asset classes in order to acheive diversification, which helps control the amount…
4 top tips to make your retirement savings last
When it comes to setting money aside for when you give up work, at the very least you want to ensure that you’re going to have enough to pay for your living costs for the rest of your life. However, what you undoubtedly want to be aiming for is a…