MN Consultancy Ltd.

31/07/2024

The average life expectancy for women is almost three years more than for men, yet for many reasons including things like typical industry differences and career breaks for raising their families, pensions for women are £7500 less than men's on average.

You don't need to be a statistic! Our friendly team is here to help your retirement be all that you hope for.

30/07/2024

Inheritance tax is paid on the value of someone's net estate at death (calculated as the value of their assets, minus debts, and after calculating tax reliefs available). Inheritance tax is charged at 40% above a threshold, currently set at £325,000. So it's important to look at different options when considering your will, to ensure that as much as possible of everything that you have worked so hard to achieve, is passed on to the people and causes that matter to you.

T: 01325 288299
E: [email protected]
W: https://www.mnconsultancyltd.co.uk/

Experienced independent financial advice service

29/07/2024

In March 2021, the average cost of a home cost 65 times more than the average UK home in January 1970, while wages are only 35.8 times higher now in 2024. Seeking advice around managing your finances, saving your deposit and the different types of mortgage available has never been more important - both to get you on the property ladder but also to ensure that it is a wise, future-proofed decision.

26/07/2024

Apparently, over half of the British population admits to either not saving for a pension or not saving enough for the retirement that they have dreamed about - scary.

With proper planning, this doesn't need to be the case. Auto-enrolment alone will not be enough to reduce this figure significantly.

Why not give us a call and see how we can help?

T: 01325 288299
E: [email protected]
W: https://www.mnconsultancyltd.co.uk/

25/07/2024

In ancient Rome, mortgages worked very differently than in the modern day, in fact, if a borrower failed to repay, the lender could literally claim a pound of the borrower’s flesh as collateral. Thankfully that is no longer acceptable practice, but where mortgages are concerned we can certainly assist!

24/07/2024

According to the UK Government, there is currently an estimated £400 million in unclaimed pension savings - this is money that people have contributed from hard-earned wages and is simply floating in the ether. Our team can help to locate missing pension pots, bring them together and create a strategic plan to ensure that your contributions are working as hard as possible - ready for the retirement you are aiming for.

23/07/2024

Now that the dust has begun to settle following the election, experts from the International Monetary Fund advise that the UK economy to grow faster than expected but still fall short of Labour's pledge. So where does that leave you?

Our team is here to ensure that your finances, investments and other monetary interests are in the best hands - get in touch for a chat.

T: 01325 288299
E: [email protected]
W: https://www.mnconsultancyltd.co.uk/

19/07/2024

Many of us will have seen headlines about the 'Taylor Swift effect' following the artist's record breaking Eras tour, but Bank of England analysts have advised that the effect is minimal and not expected to cause disruption. While the pain of higher prices is still being felt, double digit inflation is receding and it is perhaps the most crucial time to speak with your financial advisor to review your circumstances and see where prudent changes can be made.

17/07/2024

With the retirement age increasing annually and many fearing for what the future might look like financially - did you know that you can actually start a pension for children? With careful management and regular contributions, this could genuinely be one of the greatest gifts to give a child.

16/07/2024

Company directors: did you know that Self-Invested Personal Pensions (SIPPs) allow you to take out a mortgage within the SIPP to help you buy commercial property (including your own company’s office, factory or shop) for investment purposes?

SIPPs can borrow up to 50% of their value allowing you to buy a property worth £150,000 with only £100,000 of pension savings. All rental payments will come into your pension tax-free and you can either keep the property when you retire within the SIPP and utilise the rental income as part of your retirement income or sell the property and use the money to provide you an income.

15/07/2024

Did you know, that as an adult, there are four different types of ISA savings account available to you? Children can hold two different types.

The detail on how you can use these different accounts varies on the type and provider, but you cannot save more than your personal tax-free allowance of £20,000 across all of your ISAs in any tax year.

To ensure you are getting the best results from your savings, have a chat with your independent financial advisor who will look at your financial position and goals for the future to advise on the best course of action.

11/07/2024

What are your plans for when you retire? Whether you want to travel the world, buy a holiday home, treat the family or make a start on that bucket list, are you on track to achieve your goals? We are here to help you clarify those goals, both now and in the future, and can help you prepare for a fulfilling life after work.

To find out how we can help, contact us today.
T: 01325 288299
E: [email protected]
W: https://www.mnconsultancyltd.co.uk/