What do you want from life? Ask questions that will shape your future.

Just about everybody wants to become financially secure and independent – so why do so few people get there? One thing is for certain: it very rarely ‘just happens’. It starts with a vision and then a detailed plan, and a willingness to commit to that plan.

Your total life plan is a financial roadmap that will provide you with clarity about your future journey. It should detail every aspect of your vision – your hopes, fears, dreams and goals. It should also describe exactly how your future will look and help you to understand exactly where you are headed and when you are likely to arrive.

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Are you being forced to dip into your pension pot get through the pandemic?

If you are over 55 and considering accessing your pension it is essential that you receive professional financial guidance to enable you to make an informed decision. If you get it wrong, you could end up with a large tax bill.

Needing Money after a change in circumstances? Here are our top 5 things to consider before withdrawing money from your pension:

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ISA – Don’t miss out on this year’s tax-efficient opportunity

If you have cash savings or are investing, there is no reason not to use an ISA tax efficient wrapper. The end of the 2020/21 tax year is Monday 5 April 2021, meaning that if you’re planning to use this year’s ISA allowance you need to act fast – there’s no rollover from one tax year to the next.

We’ve answered some typical questions we get asked about how best to use the ISA allowance to help make the most of the opportunities as this tax year draws to a close.

“An ISA is a tax-efficient way to invest because your money is shielded from Income Tax, tax on dividends and Capital Gains Tax. Individual Savings Accounts (ISAs) have been available since 1999. The proceeds are shielded from Income Tax, tax on dividends and Capital Gains Tax.”

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Guide to 2020/21 Year End Tax Planning

Do you want to keep more of your money to enjoy, invest, save or pass on – easy right? Tax planning never requires a one-size-fits-all approach. Each taxpayer and each year will be different. And with the end of the current 2020/21 tax year approaching on Monday 5 April 2021, now is the time to carry out a tax health check and implement any planning opportunities.

We should all be thinking about tax planning throughout the course of a year, but this year we have been distracted by the impact of the coronavirus (COVID-19) pandemic on our lives.

We have listed below a few reminders of the issues you may want to consider as worthy of including in your 2020/21 tax planning to-do list.

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Are the over 50’s becoming a lost generation?

Older workers are one group of people who are at risk of suffering serious and persistent consequences from the economic turmoil arising from the coronavirus (COVID-19) pandemic. In particular, older individuals who lose their jobs are less likely than younger workers to secure re-employment or to find a job on a similar wage to their previous earnings.

The COVID-19 crisis will result in disproportionate under-employment and unemployment for older workers, who represent a greater share of the working population, findings from new research have highlighted. Over-55s represented more than 50% of the employment growth in the decade to 2018.

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