Individually, our challenges have reflected that of the nation, if not the working world, during the lockdown. Between the Becketts team, we have eight children all under the age of 10; so balancing work with home schooling, exercise and nappy changes has also become our new daily routine, and all have inadvertently made an appearance in our daily Zoom meetings at one stage or another!
No one wants to think about passing away but taking out an appropriate life insurance policy can provide loved ones with financial security should the worst happen. However, it’s important to make sure you choose a policy that’s right for you and your circumstances.
Whilst the last few months have been unusual for many businesses, there are key dates that still need to be penned into diaries of business owners to ensure they stay on track and meet financial commitments.
Business is gradually getting back to normal and there is government support available for many businesses that are struggling with the impact of the coronavirus lockdown. Understanding the key dates and what help is out there can help keep firms on track during 2020 whilst uncertainty continues for many.
How much of your wealth do you hold in cash? Whilst it’s often viewed as the ‘safe’ option, there is a danger of your assets losing value in the long term and holding too much in cash too.
It’s easy to see why people choose to hold large sums in cash. As it’s something we handle every day, whether physically or digitally, it can seem more tangible than other assets. The Financial Services Compensation Scheme (FSCS) also protects up to £85,000 should a bank or building society fail per individual. The combination of these factors may mean you view cash as the most appropriate way to hold wealth.
When you begin making a financial plan, you could be looking several decades ahead, and we all know the unexpected can derail even the best-laid plans. So, as you’re setting out goals, it’s not uncommon to wonder if you’d still be able to meet them if things outside of your control have an impact.
When you start putting together a financial plan one of the valuable tools that can put your mind at ease is cashflow planning.
You may have seen recent headlines about the possibility of the pensions triple lock being scrapped in the near future. Whilst Boris Johnson has committed to honouring it, it’s still important to understand what it means and why it’s important for your retirement plans.