Some couples may to prefer to keep their finances separate, while others share everything. Whichever method you’ve chosen, when it comes to retirement saving, it’s worth planning together to ensure you’ve made the most of all the allowances and benefits offered to couples. Your golden years may ultimately be the best of your relationship if…
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If you hold a Cash Individual Savings Account (ISA) you may be dissatisfied with the low rates of interest you receive, which could make it difficult to grow your money even at a rate that keeps pace with inflation. Stocks & Shares ISAs offer the possibility of higher returns than Cash ISAs, but only if…
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With current interest rates on cash savings very low, it is difficult to achieve growth above the rate of inflation. And if the costs of living is rising faster than your savings are growing, you’re effectively losing money. With cash savings, a penny saved is a penny earned. But thanks to inflation, over time, the…
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Responsible, sustainable and environmentally friendly investing is here to stay. But, while demand is growing among all age groups, genders and income bands, some savers and investors are missing their biggest opportunity for responsible investing, which is through their pension. We all want to make responsible choices as more of us are becoming aware of…
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Welcome to the latest issue of the TIPS financial guidance magazine for March and April 2021. At the time of publishing, Chancellor of the Exchequer Rishi Sunak had not delivered his budget 2021 speech. We’ll look at the key announcements and how these could affect your personal, family and business finances in the next edition.…
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If you do not know where you are going on your life journey, how will you know when you arrive? This is very true about the importance of having financial goals. You need to set financial goals to help you make wise financial decisions, and also as a reward for your efforts. Goals should be…
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Financial wellbeing ultimately comes from achieving financial security and independence. When you’ve reached a state of financial wellbeing, you’ve got to a point where you have a sufficient level of income for your lifestyle needs, enough capital to give you peace of mind and the knowledge that whatever happens you, your family and business are…
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Anything is possible when you manage your money the right way. But it’s important to have realistic expectations of what your financial resources can achieve to enable you to reach your financial and lifestyle goals, without putting your future plans at risk. Key to this is understanding how each financial decision can affect other areas…
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As part of National Apprenticeship Week Truly Independent are delighted to add another two apprentices to our ever-growing team. Following on from the successful appointment of Chloe Fleming who joined as an apprentice in Summer 2020, we have now offered a role to two more young individuals as an Apprentice Business Administrator, with their roles…
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A total wealth solution has no value unless it is properly implemented through an appropriate investment strategy. If you’ve got a sufficient amount of money in your cash savings account – enough to cover you for at least six months – and you want to see your money grow over the long term, then you…
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When you start investing, or even if you are a sophisticated investor, one of the most important tools available is diversification. Whether the market is bullish or bearish, maintaining a diversified portfolio is essential to any long-term investment strategy. Diversification allows an investor to spread risk among different kinds of investments, called ‘asset classes’, to…
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Individual Savings Accounts (ISAs) can be used to hold stocks and shares or cash, or any combination of these, up to the current annual limit. An ISA is a tax-efficient ‘wrapper’ that can be used to help save you tax. A Stocks & Shares ISA and an Innovative Finance ISA are wrappers that can be…
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