You Need Class Consciousness

You Need Class Consciousness

Financial and pensions advisers – like any other professionals – can be guilty of using too much jargon.

At best, this irritates the uninitiated and, at worst, mystifies them, obscuring what should often be straightforward.

One of the most basic things that often isn’t adequately explained, but is fundamental to a proper understanding of investments, are the various asset classes and their characteristics.

Put simply, an asset class is a type of investment. There are benefits in holding different asset classes and investing in them is appropriate in different sets of circumstances. Too many investors don’t appreciate the importance of adjusting their investments between classes as conditions change.

Let’s run through some of the main asset classes.

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Use it or Lose it – Utilise Your Tax Allowances

Use it or Lose it - Utilise Your Tax Allowances

We’re only weeks away from the end of the tax year. It’s extremely important that you take advantage of any valuable tax reliefs before that date or risk losing them. It’s a case of `use it, or lose it’ and perhaps also thousands of pounds you could have saved.

Here’s our usual annual checklist for you to take a look at, whether you’re still working, or retired.

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Prepare for stormy weather

Prepare for stormy weather 

'May you live in interesting times', is an old Chinese curse. 

So, people could be forgiven for thinking we're truly cursed at the moment with the world being beset by great political and economic uncertainty. Two of the world's biggest economies, the US and China, are engaged in the early stages of a trade war, Brexit is unresolved, Italy presents another threat to the EU and France is torn by civil unrest. 

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Making the most of your allowances

Making the most of your allowances 

In last year’s Budget, there was no change to the personal pension allowance, which is good news for people saving for their retirement. The allowance turbo-charges your pension savings, because, if you are basic rate taxpayer, for every £100 that you pay into your pension pot, HMRC will add £25 and the same again through tax return if you are a higher rate tax payer. This is up to your personal allowance of £40,000 gross in any one year. 

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