Nexus Wealth Planning has acquired the business of Taylors Independent Financial Advisers. James Graham Taylor, trading as Taylors IFA, operated successfully for a number of years with registered offices at:- 27 Woodside Place Glasgow G3 7QL Mr Taylor, the senior adviser with the business, has now retired from financial services and we wish him all […]
Nexus Wealth Planning has acquired the business of McKay Financial Services Limited. Mckay Financial Services Ltd operated successfully for a number of years with registered offices at:- 5 Hillcrest Drive Stevenston North Ayrshire KA20 3AP and 17 South Gargieston Drive Ayrshire Kilmarnock KA1 1TB Brian Gibson, the senior adviser with the business, has now retired […]
New Which? research reveals that people aged 20 need to be putting away at least £131 a month to have a comfortable retirement, while those waiting until their 50th birthday to start a pension need to save £633 a month. Retired couples need £18,000 a year to cover household essentials – such as food, utilities, transport and […]
Valentine’s Day is traditionally a time for romance and is often associated with marriage proposals and yet Office of National Statics figures show a long-term decline in marriage rates. Reticence to tie the knot may end up costing money in the long term as cohabitees are often not afforded the same financial planning benefits as […]
Defined contribution (DC) pension contributors are saving £11.4bn less than they need to each year, according to a survey by Aon Hewitt. The UK-wide survey also found individuals were, on average, contributing £1,400 a year too little into their pension pots and that less than a fifth (16%) of people contributing to a DC pension […]
Interest-only mortgages differ from standard repayment mortgages because the borrower repays only the interest every month; the capital is repaid at the end of the mortgage term. Interest-only mortgage deals enjoyed considerable popularity during the housing boom as they enabled buyers to borrow a relatively large amount for a comparatively modest monthly repayment. Over the […]
With claim and counter-claim about the post EU Referendum economy, one thing you can pretty much bet your house on is that interest rates are going to remain low for some time. This is good news for borrowers. Mortgage rates are at all time lows and the best rates for two-year and five-year fixed-rate loans are at around 1.15pc […]
It’s never too early to start thinking about saving for the future. A Junior Individual Savings Account or ‘JISA’ gives children the opportunity to start saving early – via cash, stocks and shares, or a combination of the two – within a tax-free wrapper. According to HMRC, £582m was subscribed to JISAs in 2014/15. The […]
At Nexus Wealth Planning we are conscious of the need to ensure we don’t confuse anyone with jargon. It is very important that our clients absolutely understand what our recommendations mean for them. In an industry which seems awash with complex and confusing terminology, this can at times feel like fighting a losing battle! However, […]
Prime Minister David Cameron’s tax affairs have been in the headlines a great deal recently, including news that his mother transferred £200,000 to him in order to avoid paying Inheritance Tax (IHT) in future. Now, not everyone has that kind of cash to throw around, but the IHT threshold is set at £325,000 for an individual and, […]
