Financial Resources

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Paid off your mortgage? Time to invest in yourself

At a glance When you pay off your mortgage, you’ll have money that’s freed up by no longer having mortgage payments. Rather than see this money dissolve into household budget or day-to-day spending, consider how powerful it could be if you invested it. A financial adviser can assess your current budget and retirement plans, and […]

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How to reduce your Capital Gains Tax bill

At a glance A financial adviser can help you understand Capital Gains Tax so you don’t end up losing out. Gains from almost any kind of personal possessions could be liable to CGT – a financial adviser can help work out how much you will pay. With taxes going up, it’s more important to find […]

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Pensions for children – what you need to know

At a glance Starting a child’s pension is a tax-efficient way to save for their future and set them up for future financial wellbeing. Only a parent or guardian can open up a pension for a child, but then anyone can contribute. By starting early, even small contributions to a child’s pension have time to […]

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How to deal with rising costs: six ways to boost efficiency

At a glance Inflation and other cost pressures are keeping confidence down among SMEs. Taking steps to keep a lid on fixed costs can help you maintain profits when margins are under pressure. Having a full understanding of your cost base will reveal where you could afford to cut back. You can also look at […]

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Can I gift assets to avoid paying care home fees?

At a glance Finding the money to pay for care home fees can be one of the biggest financial worries facing us in later life. Your local authority may help fund your social care – but they can claw back money if they believe you’ve given assets away deliberately to avoid paying the cost of […]

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How to innovate at low cost in a downturn

At a glance It can be hard for business owners to find time to think about innovation, especially during an economic slump – but it’s often necessary for survival or to maintain your company’s value. Innovation doesn’t necessarily have to be costly. Effective techniques include harvesting ideas from your employees, undertaking inexpensive research and stepping […]

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Five tips for negotiating with powerful suppliers

Five tips for negotiating with powerful suppliers 12 July 2023 4 minutes At a glance You may have more negotiating power with big suppliers than you think. But you often need to spend time building your relationship and finding mutual interests. Even if a supplier won’t negotiate on price, consider other things that may work […]

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Quarterly Market Update: US tech companies lead positive Q2

At a glance The US market had a strong quarter, while the UK market struggled Companies taking advantage of AI have seen strong returns over the past few months With so much short-term uncertainty, ensure you are well diversified and invest for the long-term Our fascination with Artificial Intelligence, or AI, goes back well over […]

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Don’t leave your family an avoidable IHT bill

At a glance In the last tax year (2022-23) bereaved families paid £6.1 billion in Inheritance Tax, the largest single-year rise since 2015-16.1 Reducing the value of your estate during your lifetime will mean that your family will owe less IHT in the future. Many people know that they can gift money to reduce the […]

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Lessons from the first year: Nicola Russill-Roy, Propose PR

At a glance It can be easy to delay launching a business, thinking that you need to know everything before you begin. But Nicola Russill-Roy, founder of Propose PR and a St. James’s Place client, says lessons come quickly after you start. When it comes to finances, Nicola recommends planning how you want to reach revenue goals […]

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