CamOuse Financial Management Limited

Investing in property as a retirement strategy has become popular, particularly after the post-financial crisis housing boom, driven by low interest rates and government incentives. Many who ventured into buy-to-let investments instead of traditional pensions benefited from a period of cheap mortgages and rocketing house prices.

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Property v Pension Investing in property as a retirement strategy has become popular, particularly after the post-financial crisis housing boom, driven by low interest rates and government incentives. Many who ventured into buy-to-let investments instead of traditional pensions benefited from a period of cheap mortgag...

As inflation cools and interest rates look likely to come down over time, the world is expecting a gradual return to economic normality in the second half of 2024. However, it’s never quite that straightforward..

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September Market Commentary As inflation cools and interest rates look likely to come down over time, the world is expecting a gradual return to economic normality in the second half of 2024.

Private schools will lose their special status from January 2025 and have to add VAT to their fees from that date, Labour have confirmed.

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School Fees Hit With VAT from January 2025 Private schools will lose their special status from January 2025 and have to add VAT to their fees from that date, Labour have confirmed.

Gross Domestic Product (GDP) is a key economic indicator that measures the total monetary value of all goods and services produced within a country’s borders over a specific period, typically a quarter or a year.

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What is GDP and How is it Calculated? Gross Domestic Product (GDP) is a key economic indicator that measures the total monetary value of all goods and services produced within a country’s borders over a specific period, typically a quarter or a year.

A power of attorney (POA) allows you to appoint someone you trust to make decisions on your behalf if you become unable to do so. It is a really important piece of financial planning, as it should provide continuity in the event that you are unable to make important decisions.

We’ve summarized below the key reasons for creating a POA and the main types available.

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Why A Power of Attorney Makes Sense A power of attorney (POA) allows you to appoint someone you trust to make decisions on your behalf if you become unable to do so. It is a really important piece of financial planning, as it should provide continuity in the event that you are unable to make important decisions.

July 2024 was a big month for politics with the UK election decided and some major twists and turns in both the US and France. The Bank of England have cut rates, the Fed kept the rates at the same level but there is an increasing expectation that they will cut them in September. The Bank of Japan put rates up.

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August Market Commentary July 2024 was a big month for politics with the UK election decided and some major twists and turns in both the US and France.

Times have been unusually tough for a lot of people in recent years. Even people with a decent income have been squeezed by inflation. Here’s a guide to help you navigate the essentials of budgeting effectively.

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Mastering The Art Of Budgeting Times have been unusually tough for a lot of people in recent years. Even people with a decent income have been squeezed by inflation.

For a tax return, particularly for those with complex financial affairs, having comprehensive and accurate data is crucial. Here is a list of the most important information and documents you will need:

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What Information Should You Collect For Your Tax Return For a tax return, particularly for those with complex financial affairs, having comprehensive and accurate data is crucial.

June 2024 was a big month for global financial markets, marked by significant volatility and key economic developments. The interplay of geopolitical tensions, economic data releases and central bank policies shaped market sentiments across various regions.

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July Market Commentary - CamOuse Financial Management Limited June 2024 was a big month for global financial markets, marked by significant volatility and key economic developments. The interplay of geopolitical tensions, economic data releases and central bank policies shaped market sentiments across various regions.

Pensions have been a big topic in UK politics for some time, nevermore so than in an election year. That’s no surprise to us given their crucial role in the financial security of millions of citizens, but not everyone is as interested and engaged in pensions as we are! Here’s a quick summary of why pensions have been at the forefront of UK politics in recent years.

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Pensions and Politics Pensions have been a big topic in UK politics for some time, nevermore so than in an election year.

Gifting is the act of giving money (or a ‘chattel’) to someone for nothing in return. It’s common for people to do this occasionally for family members, but there there are specific tax rules to remember, especially concerning inheritance tax (IHT).

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Tax Implications of Gifting Gifting is the act of giving money (or a ‘chattel’) to someone for nothing in return.

The global financial markets continue to grapple with a complex mix of geopolitical tensions, inflationary pressures, and evolving central bank policies. The past year has seen significant shifts in market dynamics, with varying impacts across different regions.

Learn more below.

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June Market Commentary The global financial markets continue to grapple with a complex mix of geopolitical tensions, inflationary pressures, and evolving central bank policies.

As a higher rate earner in the UK, you can claim additional tax relief on your pension contributions. We are here to help you claim it, but here’s a reminder about how it’s done.

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How Do Higher Rate Earners Claim Pension Tax Relief? - CamOuse Financial Management Limited As a higher rate earner in the UK, you can claim additional tax relief on your pension contributions. We are here to help you claim it, but here’s a reminder about how it’s done:

We’re all busy people and our spare time is very precious to us.

So it’s no surprise that many of us are neglecting vital life admin and instead spending time on – how shall we put it? – less important pursuits.

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Why you should get to grips with your finances We’re all busy people and our spare time is very precious to us. So it’s no surprise that many of us are neglecting vital life admin and instead spending time on – how shall we put it? – less important pursuits.

Filing your accounts early doesn’t mean you have to pay your tax early. It just means you know how much you will need to pay, and that offers a number of advantages.

Below are some compelling reasons why it might be a beneficial move.

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Why File Your Tax Returns Early? Filing your accounts early doesn’t mean you have to pay your tax early. It just means you know how much you will need to pay, and that offers a number of advantages.

The recent abolition of the Lifetime Allowance (LTA) for pensions marks a significant shift in retirement planning and wealth management in the UK. This move, set to reshape how individuals approach their pension savings, ushers in new rules and opportunities for affluent investors.

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The New Era of Pension Allowances: Understanding the End of the Lifetime Allowance - Blog rolls - CamOuse Financial Management Limited The recent abolition of the Lifetime Allowance (LTA) for pensions marks a significant shift in retirement planning and wealth management in the UK. This move, set to reshape how individuals approach their pension savings, ushers in new rules and opportunities for affluent investors. As we delve into...

For several months now, we’ve been noting that while growth remains slow across much of the globe, the worst of the inflation crisis seems to have passed.

The International Monetary Fund believes the world economy has been “remarkably resilient” in recent years, noting that despite “many gloomy predictions, the world avoided a recession, the banking system proved largely resilient, and major emerging market economies did not suffer sudden stops”.

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May Market Commentary For several months now, we’ve been noting that while growth remains slow across much of the globe, the worst of the inflation crisis seems to have passed.

Finding the right financial adviser for you is crucial if you’re to achieve your financial and lifestyle goals.

So what factors should you be considering when making this decision?

Here are our top tips…

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How to choose a financial adviser Finding the right financial adviser for you is crucial if you’re to achieve your financial and lifestyle goals. So what factors should you be considering when making this decision?

A key aspect of being a parent is helping your child become an independent, self-sufficient citizen.

One way you can do this is by helping them understand money and giving them a headstart with saving.

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How can I help my child save money? A key aspect of being a parent is helping your child become an independent, self-sufficient citizen. One way you can do this is by helping them understand money and giving them a headstart with saving.

The 2023/24 tax year is coming to an end on April 5th, so you don’t have long left to use your various allowances – in particular your Capital Gains Tax allowance.

This is especially important this year as your Capital Gains Tax allowance is being cut from £6,000 to £3,000 from April 6th.

So what does this mean for you?

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Use your Capital Gains Tax allowance before it halves The 2023/24 tax year is coming to an end on April 5th, so you don’t have long left to use your various allowances – in particular your Capital Gains Tax allowance.

The economy shrank by 0.3 per cent in the final three months of last year, following a fall of 0.1 per cent in the previous quarter. That means that the UK fell into a technical recession in the second half of 2023.

And although figures for the year as a whole showed that gross domestic product actually rose by 0.1 per cent last year, 2023 was the weakest year for the economy since 2009 (excluding 2020, when activity was hit by the pandemic).

So what does this mean for you, your finances and your efforts to plan for the future?

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What a technical recession means for your money The economy shrank by 0.3 per cent in the final three months of last year, following a fall of 0.1 per cent in the previous quarter. That means that the UK fell into a technical recession in the second half of 2023.

We all want to look forward to a happy and fulfilling retirement, but that doesn’t happen by itself.

It’s the result of careful planning and making the right decisions throughout your working life, so you can have the financial means to enjoy the lifestyle you want and deserve.

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Do you know how much income you’ll need in retirement? We all want to look forward to a happy and fulfilling retirement, but that doesn’t happen by itself. It’s the result of careful planning and making the right decisions throughout your working life, so you can have the financial means to enjoy the lifestyle you want and deserve.

When you think ahead to your retirement years, you’ll have an image in mind of you taking it easy and enjoying hobbies, holidays and precious family time, free of any financial concerns.

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Why now is the time to increase your pension contributions When you think ahead to your retirement years, you’ll have an image in mind of you taking it easy and enjoying hobbies, holidays and precious family time, free of any financial concerns.

It’s so easy to set up a pension, set up your contributions and then basically forget about it, safe in the knowledge that your pension pot is growing every month and year.

But this approach means you might miss out on opportunities to maximise your income in later life.

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Why you need to review your pension It’s so easy to set up a pension, set up your contributions and then basically forget about it, safe in the knowledge that your pension pot is growing every month and year.

When a person is putting together a financial plan, life insurance can often be overlooked.

Yet this financial product can provide invaluable support to your loved ones in the event of your death, and act as a crucial safety net for those you care about most.

So why should you consider getting life insurance sooner rather than later?

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Do I need life insurance? When a person is putting together a financial plan, life insurance can often be overlooked. Yet this financial product can provide invaluable support to your loved ones in the event of your death, and act as a crucial safety net for those you care about most.

What does financial freedom look like for you?

For most, it means having enough income, savings or investments to live life on their own terms, without having to worry about the consequences.

But financial freedom isn’t something that can be achieved overnight. It’s a target that you need to work towards over many years, with strategic and careful planning.

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Financial freedom is a journey What does financial freedom look like for you? For most, it means having enough income, savings or investments to live life on their own terms, without having to worry about the consequences.

Every year, we spend our hard-earned money on all sorts of essentials and non-essentials, from food and utility bills to holidays and evenings out.

So it’s interesting to observe how much people prioritise what might be termed discretionary purchases even when the economy is going through tough times and money is tight.

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What are we spending our money on? Every year, we spend our hard-earned money on all sorts of essentials and non-essentials, from food and utility bills to holidays and evenings out. So it’s interesting to observe how much people prioritise what might be termed discretionary purchases even when the economy is going through tough ti...

It’s easy to rack up all sorts of debts throughout life, from credit card balances and outstanding bills to personal and business loans.

While many will be manageable and barely register on your radar, they can collectively add up to quite a significant burden, and become a problem that slows down your progress to achieving true financial freedom.

So what practical steps can you take to reduce the burden of debt?

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How to get on top of your debts in 2024 It’s easy to rack up all sorts of debts throughout life, from credit card balances and outstanding bills to personal and business loans. While many will be manageable and barely register on your radar, they can collectively add up to quite a significant burden, and become a problem that slows down...

As a business owner, you’ll be all too familiar with facing tough economic circumstances and market disruptions.

But this kind of volatility can have a damaging impact on your firm.

So how can you make sure that it is set up to withstand the impact of factors well beyond your control and able to make a strong recovery when conditions improve?

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How to strengthen your business in tough economic times As a business owner, you’ll be all too familiar with facing tough economic circumstances and market disruptions.

Your business doesn’t stand still and many changes will take place around you every single day.

Perhaps there are new rules and regulations being introduced that directly affect your business.

When was the last time you reviewed your business continuity plan?

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Why you need to review your business continuity plan our business doesn’t stand still and many changes will take place around you every single day. Perhaps there are new rules and regulations being introduced that directly affect your business.