Talis Independent Financial Advisers

If you’re wondering what this might mean for your financial plans, read our brief overview of the key take-outs on which we are already getting questions. You can find the link to our article below. Don’t panic. If you believe you will be affected, talk to your IFA before making any changes to your financial plans.  Although some of the new rules apply with immediate effect, the impact of others will be longer-term. It’s important to remember that the impact on you depends on your personal circumstances, so if you want to understand in detail, or are considering making adjustments to your plans, book a review with your Talis IFA before making any decisions. We encourage a long-term view of financial planning, and the changes announced in this Budget are no different.  If you are concerned, book a review with your IFA, who will look with you at the details, explain in plain English what the implications are, along with your options, and help you to make an informed decision about what to do next. https://lnkd.in/eK24B5db

A recent report from Barclays suggests that around 13 million adult British savers could be earning more on their savings. At least £430 billion is sitting in cash, putting savers at risk of missing out on potentially higher returns from investments. The Barclays report highlights three key reasons why so many British savers hesitate when it comes to putting their cash into higher-performing investments: 1. Lack of knowledge - Barclays’ figures focus on people who hold more than six month’s income in their savings, and one reason given by around 25% of the 2,000+ people surveyed as part of Barclays’ research thought that investing was too complex, with around 20% reporting that they lacked the knowledge they needed to make investment decisions. 2. Lack of confidence in comparing and choosing investment products - This feeling that people lack knowledge increases when extended to their research, with nearly three quarters (74%) wanting to understand more about the type of investment which best suits them, and 63% wanting help to compare products. 3. Fear of risk - Nearly half (43%) of people were worried that investment would put them at risk of losing all their money, with 66% believing that the term ‘risk of loss’ meant losing all, or most, of their invested savings.  If you’re investment curious, but unsure how to proceed, talking to a Talis IFA could help you to build your confidence. You can read our recent blog here: https://lnkd.in/edVaggWx  or get in touch via our website.

Check and document your finances. It pays to have as little unsecured borrowing (credit cards, short-term finance etc) as possible, as unsecured debt can have a big effect on how much you can borrow on a mortgage. Mortgages are assessed on affordability, not only on multiples of your income, so a lender will want a clear picture not only of your income, but also all your regular outgoings. So unsecured debt reduces what you can borrow.  Start gathering your documentation. Lenders usually want to see your last three months’ payslips and your bank statements, as they want to see your salary credits. Also consider carefully how much deposit you can afford to put down, as this can affect the amount of paperwork a lender wants to see. If you’re looking to borrow on a 90% loan-to-value ratio, for example, a lender is likely to want to see more paperwork. We all know that moving house is one of life’s most stressful experiences. Sarah Coughlan, Talis IFA mortgage adviser, aims to reduce that stress by being on your side through the process.  You can read more about Sarah's advice in our new blog.

Retirement doesn’t mean you cease to invest. In fact, continuing to invest some of your money during retirement offers the potential for growth, a chance to keep pace with inflation, and the opportunity to continue to benefit from tax relief and allowances.  This is where advice from an IFA is essential, continuing to ensure your money is invested wisely, that your investments align with your retirement plans, and that you are making tax-efficient decisions.  If you want to discuss your retirement and investment options please get in touch using the link below: https://lnkd.in/eBmUEMaa If you want to discuss your retirement and investment options please get in touch using the link below:

We had a great time at Howletts Wild Animal Park taking part in the Gorilla 5k run this morning. 🦍 It's our 4th year sponsoring these fabulous events and the 40th year of The Aspinall Foundation protecting, breeding and returning endangered species to the wild. 👏 Well done to Nice Work and everyone involved, especially the stewards around the course. We'll see you next time! 🏃🏻♂️ Port Lympne Hotel and Reserve & Howletts Wild Animal Park #howletts #gorilla5k #aspinall #running #sponsor #community .

Doing a mid-year tax review is always useful, as getting everything in order now could save you a lot of last-minute stress later. We are also waiting to see what changes the Budget on 30th October may bring, so it could be wise to get a clear picture of where you are at the moment. Here are a few good reasons to book a review with your IFA, before it gets too close to Christmas and you decide to put it off until 2025! • Review your goals - Any financial review will be more effective if it begins with you understanding your personal and financial goals. • Check your payslips - If you’re employed on a salary, you should already be paying the correct amount of PAYE income tax, and National Insurance contributions each month. Any pension contributions that you or your employer is making should be happening like clockwork, and everything should be up-to-date. But mistakes do happen, and, especially if your circumstances have changed recently. • Make sure your records are up-to-date. This is particularly important if you’re self-employed.  • Review your investment portfolio. • Check progress on your retirement plan contributions. The money you are contributing to a pension pot could be helping you to save a considerable amount on tax, as well as setting you up for a comfortable retirement later. At this halfway point in the tax year, we recommend reviewing your pension contributions so far, so see how you’re doing towards your goals.  Even people with relatively straightforward finances can benefit from the advice of an IFA so please do get in touch.

This is a surprisingly common retirement pitfall. Many people don’t realise that withdrawing more than they need from their pension savings, added to income from other sources, can push them into a higher tax bracket. We keenly await Rachel Reeves’ first Budget speech on 30th October when many of these factors could change. Your IFA can guide you through this, helping you to plan when and how to draw your retirement income to minimise the tax burden. If you would like to speak to a Talis IFA you can find one here: https://lnkd.in/eBmUEMaa

What would make people be less hesitant about putting their cash into higher-performing investments? A recent report from Barclays suggests that around 13 million adult British savers could be earning more on their savings. At least £430 billion is sitting in cash, putting savers at risk of missing out on potentially higher returns from investments. The report highlights three key reasons why so many British savers hesitate when it comes to putting their cash into higher-performing investments: 1. Lack of knowledge 2. Lack of confidence in comparing and choosing investment products 3. Fear of risk So what do people want in order to increase their investment confidence? According to Barclays: • 27% want access to online tools to help them make investment decisions • 19% say that more personalised information and investment comparisons would help them feel more confident • 14% would like more visual information to help them understand the potential returns available on their invested savings. Do you think this would increase confidence?

If your fixed rate mortgage is coming to an end in the next six months, or if you are considering moving, our suggestion would be to start shopping around now.  Sarah Coughlan, Talis IFA mortgage adviser, explains, “Securing a rate now doesn’t necessarily lock you in to that rate if things improve before you complete. You can secure a rate if there is something competitive but still have the opportunity to shop around again if the rates then drop. As long as you haven’t completed on that mortgage you can still go to something else – whether with that lender or another." Did you know that you could do that? #mortgageadvice #mortgagetips #mortgageadviser

We have been busy over the past few weeks attending exhibitions and today we are at the Kent Construction EXPO . Hannah Ripley, from our team, is on hand to answer any questions you may have. If you are at the Expo, drop by and say hello. #LocalBusiness #IFA #FinancialAdvice