I came across a case of someone who is retiring and wants to set up an ARF. They said they had “very little knowledge on finance” but they wanted to set up an ARF themselves. This always rings alarm bells for me. I am very bad a DIY. I have watch YouTube videos on how […]
There is a lot of consolidation going on in businesses over the last few years (lots going on in my industry too). It used to be the sellers would go looking for a buyer when they were approaching retirement. Now it is the buyers looking for companies to buy. If you are approached to sell […]
Let me start this blog by saying that a large part of my working life filling out forms. You could say I am an expert at filling them out. But I have never gone through a process as difficult as setting up enduring power of attorney for my parents. And it still isn’t finished, the […]
Using a regular saver plan under a bare trust structure has become very popular. It is a great way of saving to helping out your children financially in the future and it does not impact on their future inheritance tax free thresholds. The most common question I get…and the biggest fear…is what happens when their […]
The results of a study called “The New Retirement Reality” carried out by FPSB Ireland was published recently. In it, they found there is a huge gap between people managing their day to day finances and being ready for retirement. 74% of employees believe they manage their day to day finances well but just 21% […]
In 1789, Benjamin Franklin wrote, “In this world nothing can be said to be certain, except death and taxes”. When it comes to the taxes paid from your ARF on your death, it very much depends on who you leave it to. There is quite the variance. Spouse If you leave your ARF to your […]
We’re due a crash There’s going to be a recession in the next few years There’s a crash every 7 years, we are long overdue one We hear this all the times from commentators and investors, trying to predict the future. It is as if they are willing another 2008, which still makes me break […]
The most important factor when you reach retirement is your health. Yes, being financially secure gives you choices, but if you do not have your health, having money isn’t much good, except for paying medical bills. When we are working, we stay busy. Up early in the morning, learning new things, talking to colleagues, new […]
I recently went to the Goodwood Festival of Speed with my son, who is a petrolhead (no idea where he gets it from 🤷♂️). As well as cars racing up the track and all the different car stands and garages, there’s the carparks. My son loved these, taking photos of all the supercars. He wasn’t […]
I am going to write about something different this week. The week before last I was in Pamplona, Spain for the mixed ability rugby world cup. Mixed ability rugby sees players with disabilities (star players) and non disabled players on the same team. Everyone has equal weighting on the team, there is no dispensation given […]