Bowmore Wealth Group

20/03/2025

🚣‍♀️ What does it take to row across an ocean—twice? 🌊

Last week, we had the privilege of hosting an exclusive breakfast event with world record-breaking ocean rowers Charlotte Harris and Jessica Oliver of Wild Waves. As proud sponsors of their incredible journey, we were thrilled to hear their inspiring story firsthand.

💡 Key takeaways from their talk:
✅ Resilience isn’t about never struggling—it’s about pushing through when things get tough
✅ The best teams aren’t always the strongest, but the ones who trust and support each other
✅ Success comes from focusing on what you can control, rather than worrying about what you can’t

Charlotte and Jessica’s record-breaking rows across the Atlantic and Pacific Oceans are testaments to the power of mental strength, teamwork, and adaptability—lessons that apply to both business and life.

A huge thank you to everyone who joined us! If you’d like to connect with Wild Waves or explore how their insights could inspire your team, you can reach them here

18/03/2025

We are pleased to announce that Former M&G CIO becomes Chair of our advice firm.

Jack’s extensive experience in asset management and strategic leadership will be invaluable as we continue to enhance our wealth planning and investment offering. This appointment reinforces our commitment to delivering exceptional advice and long-term value for our clients.

Read more here: https://eu1.hubs.ly/H0hz-6y0

Jack Daniels, former group chief investment officer and director at M&G, has become chairman of Bowmore Wealth Group.

07/03/2025

🌍 This International Women's Day we are focusing on bridging the Gender Pension gap

Women, on average, retire with smaller pensions than men—why? Career breaks, part-time work, and lower contributions impact retirement savings. 💼💸

Proactive steps such as increasing pension contributions and employer matching can help bridge the gap. 📈🤝

What changes would help ensure financial equality in retirement? 💬💡

19/02/2025

Many families delay estate planning until it’s too late. 🕰️

Updating wills, using trusts, and gifting strategically can help minimize inheritance tax and ensure assets are passed on as intended. 📜💼

Have you reviewed your estate plan in the last five years?

29/01/2025

Could your pension work harder for you? 💼💰

Pensions aren’t just for retirement—they’re a smart way to save and grow your money over time. 📈 Whether you’re employed, self-employed, or taking a career break, making the right contributions now could bring long-term financial benefits, including valuable tax relief. 💸

It’s worth exploring how your pension could support your future goals. 🌟

29/11/2024

🚨 Recent UK budget changes could impact how your pension is taxed upon inheritance

While pensions have generally fallen outside of inheritance tax (IHT), new rules mean most pension assets may now attract IHT – especially relevant for high-net-worth individuals.

Understanding these changes and proactively planning can help protect your legacy. 💼

🔹 Defined contribution pensions will be subject to IHT on pre and post-age 75 deaths.
🔹 Income from defined contribution pensions will also be subject to Income Tax on post-age 75 deaths.
🔹 LSDBA adjustments could affect high-value pensions and death in service.

Read our full blog to learn how to safeguard your pension from unexpected tax liabilities.

Recent proposed changes, announced in the UK budget have put a renewed focus on Inheritance Tax (IHT) as it applies to most unused pension funds and death benefits particularly impacting high-net-worth individuals and wealthy families.

20/11/2024

🎥 See the Potential Savings with Salary Exchange

With rising National Insurance (NI) costs, businesses are looking for ways to manage their budgets effectively. Salary Exchange is one option that could help.

In this short video, Gill Millen highlights the potential savings businesses can achieve by implementing this approach.

Take a moment to explore how Salary Exchange could support your business in navigating these challenges.

want us to explore the potential savings your business could save then contact us on 01275 462469 or [email protected].

19/11/2024

💻 Missed Our Webinar? Catch Up Now!

Last week, we hosted a live webinar to help businesses tackle the recent budget changes impacting employment costs. From National Insurance hikes to pension strategies, we covered actionable ways to navigate these challenges effectively.

📺 The recording is now available on-demand.

Gain insights that could make a big difference to your bottom line!

https://eu1.hubs.ly/H0dRYgh0

Our recent webinar, "Navigating Budget Changes: How to Manage Rising Employment Costs," is now available on-demand. Gain valuable insights from industry experts to help your business navigate the challenges introduced by the latest budget announcements.

12/11/2024

🏆⬆️ We’re honoured to be recognised in the Citywire New Model Adviser Top 100 Financial Planning Firms for 2024! This achievement underscores our commitment to providing personalised, transparent advice that truly supports each client’s goals. A huge thank you to our clients and our team!

Read more here: https://eu1.hubs.ly/H0dFD2P0

07/11/2024

📅 Reminder: Join Us on Friday, 15th November! 💷

The latest budget has introduced substantial changes, with increased National Insurance (NI) rates and adjustments to thresholds set to impact employers’ costs from April 2025. As these shifts settle in, it's essential to consider strategic options rather than making quick decisions.

📈 On Friday, 15th November at 10:00, we’re hosting a live Q&A webinar to break down what these changes mean for your business. Our session will cover:

🔹 How to leverage Pension Salary Exchange to reduce NI liability
🔹 The potential impact of longer-term pension rule changes on retirement and death benefits

Don’t miss this opportunity to gain insight into managing employment costs effectively while supporting employee financial well-being.

Register now: https://eu1.hubs.ly/H0dyG6S0

06/11/2024

🇺🇸 As the results of the US election come in today, The Daily Telegraph spoke with our Client Director, incledo, about our research on the performance of the US stock market under each President.

The figures show the US stock market actually performs better with a Democrat in the White House. The S&P 500 has grown 55% on average during Democrat Presidential terms and 21% during Republican terms.

But investors should be reassured that US stocks tend to perform well regardless of who is in the White House.

“Historically the global economy and stock market valuation issues are much more to blame for occasional periods of poor performance of the S&P 500 than who holds the presidency” Charles told the Telegraph.

Our research (S&P 500 index) has also been covered by FTAdviser and Funds Europe. You can read those articles, as well as the piece in the Telegraph, here:

https://eu1.hubs.ly/H0dwwgW0
https://eu1.hubs.ly/H0dwy4w0
https://eu1.hubs.ly/H0dwwgX0

The US dollar dropped today (November 4) as some polls shifted to Kamala Harris and away from Donald Trump in the US presidential election race.

01/11/2024

📅 Join Our Webinar: Navigating Budget Changes: How to Manage Rising Employment Costs 💷

Yesterday’s budget delivered a significant blow to businesses, with a dual National Insurance (NI) hike targeting employers. While initial reactions may be strong, it’s crucial to avoid making hasty financial decisions.

From April, the increase in employer NI rates, along with a reduction in the secondary NIC threshold and higher minimum wage levels, will intensify employment costs. Thankfully, rumours of extending NI to cover employer pension contributions have not materialised. This leaves room to leverage strategies like Pension Salary Exchange, which could help offset rising costs and improve employee financial well-being.

On Friday 15th November at 10:00, join us for a one-hour Q&A presentation. We’ll explore:

• How implementing Salary Exchange could reduce your business's NI liability.
• Potential longer-term changes to pension rules, including impacts on retirement and death benefits, and what they mean for employer responsibilities.

Click here to register: https://eu1.hubs.ly/H0dqnyR0