Reddings Wealth Management

30/04/2025

You might have a comfortable lifestyle now, but can you afford to keep it when you retire?

Here's how to maintain your living standards in retirement: https://www.reddingswm.co.uk/article/detail/sjpp/retirement-planning-how-to-maintain-your-living-standards.html

A lucrative professional-services career allows you to enjoy a high standard of living during your working life. But what about when you retire?

28/04/2025

We insure our tangible assets – cars, the contents of our homes, even our pets – almost as a matter of course. But protecting yourself, your standard of living and your health can be far more valuable than protecting your material possessions.


Read more about tax-efficient protection planning here: [https://www.reddingswm.co.uk/article/detail/sjpp/protect-your-loved-ones-with-tax-efficient-planning.html ]

Nobody can predict your future, but that doesn’t mean you can’t prepare for it. Protecting your family and your assets brings reassurance that, whatever happens, everything you care about is properly safeguarded.

25/04/2025

Can I reduce my Capital Gains Tax bill by splitting assets with my other half?

Thinking of selling a second property? Cashing in a share portfolio? Or even selling some unwanted valuables you’ve inherited? When you sell an asset that’s gone up in value since you acquired it, you may have to pay CGT on your profits.

Find out how to make sure you’re not facing a bigger Capital Gains Tax bill than you need to: [https://www.reddingswm.co.uk/article/detail/sjpp/can-i-reduce-my-capital-gains-tax-bill-by-splitting-assets-with-my-other-half.html]

23/04/2025

If the past couple of months have felt like a whirlwind, you’re not alone. 🌪️

Political drama across the globe can make it tempting to react to headlines, but in the latest CIO Investment Insights from . James's Place, Chief Investment Officer Justin Onuekwusi notes:

“By staying diversified, disciplined, and focused on the long term, we can build resilient portfolios well-positioned to capture the opportunities ahead”

Read more here: [https://www.reddingswm.co.uk/article/detail/sjpp/cio-investment-insights-market-turbulence-portfolio-resilience.html ]

22/01/2025

Protecting your assets to ensure your legacy goes to the right people, at the right time, is crucial for you to be able to pass on your wealth upon your death. It can be an onerous task, but we are here to help you understand the various ways to mitigate Inheritance Tax to help your family at a difficult time.

Contact us to start your Inheritance Tax planning: buff.ly/3C6RFqt

Taxation rules can change at any time and are dependent on individual circumstances.

Reddings Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).

20/01/2025

It is never too early to think about saving for retirement. Are you starting to think about the life you want to lead when you have more time? We can help you figure out what is important to you and how to achieve your pension goals.

Speak to the experts and contact us now to book a no-obligation chat: buff.ly/3C6RFqt

The value of your investment can go down as well as up. You could get back less than you invested.

Reddings Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).

16/01/2025

We know that family is the most important thing in your life. So, it’s good to know that, with the right advice, transferring wealth to loved ones can be easy – as well as rewarding.

Whether it’s helping your children onto the housing ladder, contributing to your grandchildren’s savings pots or a parent’s care fees, we can help you share your wealth whilst you’re still able to see the joy that it brings.

Plan for tomorrow, enjoy today. Contact us now for a no obligation chat: buff.ly/3C6RFqt

Reddings Wealth Management is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority).

13/01/2025

As a higher-rate taxpayer, you might end up paying more tax than you bargained or budgeted for.

If you’re earning between £100,000 and £125,140, the tapering of the personal allowance means you could end up paying 60% income tax.

A check in with your financial adviser can help you steer clear of the 60% tax trap this tax year.
Most people are aware that income tax is charged at 0%, 20%, 40% or 45%, depending on how much you earn. The rates are slightly different in Scotland, but a 60% tax band doesn’t seem to exist – on paper. However, higher-rate taxpayers beware.

If there’s one word to describe the UK tax system, it’s ‘complicated’. Regulations, as we saw in the Autumn Budget, can change frequently and even if you’re more informed than most, it’s easy to misinterpret the rules – and end up walking into a 60% tax trap without realising.

10/01/2025

Retirement looks very different today. We often retire later, and many of us are living longer. If you’re 60, you could easily live another 30 years.

If we’re living longer, there’s a greater need to have sufficient pension savings to fund a longer retirement.

Having a range of assets to rely on as a pension will give you options.
‘When can I afford to stop working?’ It’s the question most of us start asking ourselves, when we reach our fifties or sixties.

There are now more families with several generations in retirement than ever before – making the need for financial planning even greater. None of us know for sure how long we might live – but the Office for National Statistics predicts that a 60 year-old man will live to an average age of 84 years old – with a one-in-four chance of living to 92.

Younger members of your family could well be looking at a one-in-ten chance of celebrating their 100th birthday.

“Today, it's entirely up to you what retirement looks like,” says Tony Clark, SJP’s Senior Propositions Manager. “You decide when to retire, if you want to keep working, or if you even need to keep working.“

“Retirement today requires a lot more thought – and forward planning.”

So, if you didn’t start saving early, is it too late to build up any kind of retirement fund or pension if you’re 60?

08/01/2025

When it comes to managing your money, making short-term or last minute snap decisions can end up costing you more in late payments, lost interest or penalties. But getting your house in order and starting some regular savings and money management habits can make all the difference to your financial – and emotional – wellbeing.

These are our top five tax-smart tips for managing your money in 2025.

05/12/2024

Without the benefit of agricultural property relief, inheritance tax can have significant implications for farm owners, potentially placing a financial burden on families looking to pass down rural properties and agricultural assets.

Understanding, addressing and planning for potential inheritance tax liabilities is now especially important for farm owners. Read more to help you navigate the impact: https://buff.ly/3Zb3nYo

Along with the proposed changes to most “unused” pension benefits, the impending changes to Agricultural Property Relief and Business Property Relief have grabbed the headlines. The potential impact on the farming community has been so passionately felt that many have taken to protesting in West...

03/12/2024

CGT is a tax payable on the profit or gain you make when you sell something that’s increased in value since you acquired it. How much CGT you pay depends on your income and the asset you’re selling or giving away: https://buff.ly/4eXywVd

Reduce your Capital Gains Tax bill by splitting assets with your other half