Money HQ 💷 Lifespan, healthspan and how they fit in with your finances
How do finances factor into your lifespan (how long you are alive for) and healthspan (the quality of your life)?
How do finances factor into your lifespan (how long you are alive for) and healthspan (the quality of your life)?
Many people think retirement is for ‘old’ people and this holds them back from engaging with their pensions. But the way we retire has changed radically in the past decade.
In a relatively quiet week for economic data, it was therefore little wonder that investors’ attention was focused on earnings announcements from the bellwether US companies, in a welcome return to market fundamentals rather than geopolitics.
Many of us find it hard to think about ourselves, or our parents needing help as we get older. And when we do start to think about it – perhaps in our 50s or 60s – the cost implications can make us wince.
Nobody likes talking about death, and many of us aren’t that keen about talking money either. So it’s not surprising that many of us put estate planning, and IHT strategy, on a back burner.
Chancellor Jeremy Hunt cut employee National Insurance Contributions for the second time this year. But with tax thresholds frozen, many people find themselves slipping into a higher tax band – and paying more tax.
Nowadays, more of us are thinking about financial planning for the whole family. Money is moving up, down and across generations.
Asking ourselves searching questions – how do I see my older self and what life am I leading? – is something that many of us struggle with. It has a direct impact on how we save, and our long-term financial planning.
Many of us will face bigger tax bills this year. With the personal allowance frozen until 2027/28, plus the additional rate threshold dropping to £125,140, taxes will increase by £40 billion by 2028, according to the Institute for Fiscal Studies.
This year's Spring Budget arrived a tad earlier than usual amidst a backdrop that's become all too familiar in recent years: rampant speculation and anticipation.
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