Financial planning is the process of setting future financial goals and developing strategies to help you achieve them. Some examples of financial planning include setting aside a portion of your salary in savings and investing in short- and long-term assets.
Inheritance tax (IHT) is the tax that often wins pole position in surveys of the UK’s most disliked tax. One of the common criticisms of it is that it represents double taxation – you pay tax all your life and then IHT repeats the process at death.
The Supplementary Retirement Scheme (SRS) was established in 2001 and is part of the Singapore’s government initiative to help the greying population save more for their retirement. It is a voluntary scheme and unlike the Central Provident Fund (CPF) scheme, the SRS is not only open to Singapore Citizens and Permanent Residents but to Foreigners as well.
The UK Government has confirmed a rise in the minimum pension age to 57 from April 2028.
Inheritance tax costs Britons billions of pounds every year yet a significant part of this can be avoided. With property prices rising every year, more and more people will be liable to pay inheritance tax.
One of the main benefits of working overseas is the opportunity to provide financially for your family. One of the biggest challenges however, is deciding how best to grow the wealth you have worked hard for – and how to protect your estate for the benefit of future generations.
As part of your planning to achieve financial wellbeing, insurance is one that plays a vital role. With proper planning, it could provide financial security for you and your loved ones.
The UK Chancellor positioned the Budget as heralding “a new age of optimism”, but it is fair to say that hard-pressed taxpayers could be forgiven for thinking otherwise
Many people have misconceptions about their financial situation. Here we look at five financial planning myths:
Consulting a wealth manager can boost your savings, cut tax bills, and help if you are moving home or even changing career.