Wolfe Wealth & Financial Planning

Four in 10 UK investors will make changes to their portfolios as a result of the General Election being called.

Novice investors, who started investing in the last twelve months are three times as likely to react in some way to this short-term event than more experienced investors who have been investing for over a decade.

Full press release: https://ow.ly/FvUe50SmoNx

Source: Research conducted for St. James’s Place by Opinium, among 1000 UK adults between 5th June and 11th June 2024.

Tax Planning Fundamentals & Market Overview

Join Wednesday 13 March 2024 at 12:30 – 13:30

Registration link – https://sjp-co-uk.zoom.us/webinar/register/WN_2yWqsYy-RVatDe9sKn-mKQ

Tick-tock, the tax year clock is ticking! 📆

Are you ready to make the most of it? Here's your fun tax year-end checklist

How much do you need for a comfortable retirement?

Securing Wealth for Future Generations, Estate & Intergenerational Planning ⭐️

Join Thursday 22 February 2024 at 12:30 - 13:30

Registration link – https://sjp-co-uk.zoom.us/webinar/register/WN_iP27iHB4T_GfVI5VEZK8QQ

As we approach the end of the Tax Year, it's crucial to start thinking about your tax planning for the forthcoming year-end. Whether you're a business owner or an individual, strategic tax planning can make a significant impact on your financial well-being.

Contact me today for advice and to help you to navigate the complexities of the tax landscape and set the stage for a financially successful year ahead!

Taxation rules can change at any time and are dependent on individual circumstances.



Wolfe Wealth LTD is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives. SJP Approved 16/11/2023

Celebrating those 'I did it!' moments in finance 💪💼 How have you turned your financial dreams into reality? Share your top tips and triumphs!

⏰ Set your alarms for 7am! Economists forecast inflation drop.

Inflation's been the talk of the town, and it looks like we're about to hear some promising numbers.

A survey of economists by Bloomberg suggests they expect December's figure to come in at 3.8% - down from 3.9% in November.

Source: https://news.sky.com/story/money-blog-sky-news-latest-inflation-13040934

Money latest: Economists forecast inflation drop in 7am announcement - and say UK will win race to get it below target 2% UK inflation figures for December are released at 7am on Wednesday, with economists predicting another drop. Read live updates in our Money blog, your place for consumer news, cost of living tips and the latest on the economy.

Final reminder for todays FREE WEBINAR: A Happy ‘Tax Healthy’ New Year 🎉

Holistic & Goals Based Planning with Technical Connection

JOIN TODAY: 16 January 2024 At: 12:30 to 13:30

Registration link – https://sjp-co-uk.zoom.us/webinar/register/WN_Ckcec8_sRD2GwGFvY4fkCg

Over a lifetime, tax planning can significantly boost your wealth, but it shouldn’t be a once-a-year job. The most effective tax planning comes from thinking about tax every time you make an important financial decision.

So, whether you're just starting out, retired or somewhere inbetween, take advantage of the reliefs and allowances available to you throughout the tax year and make your money work harder.

Want to know more? Request your guide, today. https://cloud.comms.sjp.co.uk/guide-tax-planning?utm_source=website&utm_medium=Intercom_Banner&utm_campaign=Tax_Planning

‘Make Tax Planning your New Year’s Resolution’

Join experts from our Technical Connection Division, as they explain why it is such a crucial time to review the tax efficiency of your financial plans.

✨Happy ‘Tax Healthy’ New Year ✨

📅 Tuesday 16 January 2024

⏰ Time: 12:30 – 13:30

📍Location: Zoom Webinar

📢 Speakers: Claire Trott & Simon Martin, Technical Connection

This insightful event will outline some ‘tax year end’ essential actions and highlight strategies that should be considered in the new tax year ahead.

Focusing on holistic and goals-based planning, our speakers will summarise the opportunities that can arise from informed advice, helping to guide you through the maze of tax efficient growth and wealth preservation.

It’s time to take charge and achieve your financial goals!

The value of your investment can go down as well as up. You could get back less than you invested.

Taxation rules can change at any time and are dependent on individual circumstances.



We are an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives.

SJP Approved 12/12/2023

Click here to join:

Welcome! You are invited to join a webinar: Happy 'Tax Healthy' New Year - Holistic & Goals Based Planning. After registering, you will receive a confirmation email about joining the webinar. Join our St. James’s Place taxation experts, as they explain why it is such a crucial time to review the tax efficiency of your financial plans. Together Claire Trott and Simon Martin, specialists from our Technical Connection division, will outline some ‘tax year end’ essential actions in ant...

Charted: S&P 500 Sector Performance in 2023

While the Santa Clause rally of 2023 ultimately ended up fizzling out, the year was still an excellent one for U.S. equities. All three major indices ended December on a positive note, reversing the trend in 2022.

But thematically speaking, which parts of the market did well, and which ones felt the pressure?

Source: https://www.visualcapitalist.com/charted-sp-500-sector-performance-in-2023/

Despite recent economic difficulties, unemployment remains relatively low across Western economies, and particularly in the US.

Sources: ONS, US Bureau of Labor Statistics, Eurostat. Data as at December 2023

Possibly not top of your New Year to-do list, but making your Will is one of the most important pieces of financial planning for your family’s future that you’ll ever do.

It’s easy to put off making your Will, especially if you’re still undecided about who should get what, or how much.

Your Will is your opportunity to reward and recognise all the people – or charities – who have meant something to you in your life. Once you’ve decided to make a Will, it’s important to talk to your family members about your plans and decisions, so that everyone’s clear what your wishes are – and why. Especially in the difficult days following your death.

What happens if you die without making a Will? The rules of ‘intestacy’ – dying without a Will in place – mean that the government decides where your money and assets will go. Many people assume everything defaults to their spouse or civil partner – that’s not always the case.

We help many people start the conversation about making a Will, and we recommend that you review it every few years. Our lives don’t follow straight lines; new grandchildren come along, new jobs, or new relationships. So you should always check your Will to make sure it still reflects your wishes.

You can change your Will as many times as you like, and having open, honest conversations with family members about it is almost as important as the document itself.

Appointing a Power of Attorney is essential, too. A Power of Attorney means that, if you’re not able to make your own decisions about managing finances, property or medical care, you’ve appointed someone you trust to act on your behalf.

There are two types of Lasting Power of Attorney: health and welfare, and property and financial affairs. They’re similar to a living Will – legally empowering your family or friends to look after you and your finances if you lose mental capacity.

Without a Power of Attorney, you may find yourself in legal limbo if you aren’t able to look after your affairs either on a temporary or a permanent basis. And your family may not legally be able to access your savings, pay your bills or set up direct debits for months.

It's easy and straightforward to set up a Power of Attorney or make a Will. We’re happy to guide you through – it’ll put your mind at rest.

*Please note that Will writing and Powers of Attorney involve the referral to a service which is separate and distinct to those offered by St. James's Place and they are not regulated by the Financial Conduct Authority.

Here are some examples of how making the most of your tax reliefs and allowances before the end of the tax year – on 5 April 2024 – can help you achieve your financial goals.

🏡 If you’re saving to get on the property ladder, planning a dream wedding, or just want to pay off your student debt early, using as much as possible of your £20,000 annual ISA allowance can help you get there sooner.

🏄 If you’re hoping to retire in style, and travel the world, write that novel, or start a passion project, paying as much as you can into your pension each tax year will give your investments an instant boost, thanks to Income Tax relief.

👴👵 If you’re thinking about how to pass on your wealth, and would like your loved ones to inherit as much as possible, making the most of your Inheritance Tax (IHT) allowances – such as gifting up to £3,000 a year free of IHT– can help you leave the legacy you want.

Act now to use your tax reliefs and allowances before 5 April.

*The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief is generally dependent on individual circumstances.

Wishing you all a Very Merry Christmas & A Happy New Year

Christmas – or any other occasion when loved ones are gathered together – can be a good time to have important conversations about your finances.

However, money is a frequent cause of family arguments at this time of year – so it’s essential to pick the right moment when everyone is in the best frame of mind.

Talking together about your future finances is an ongoing process. Follow up by speaking to a financial adviser, who can help guide those conversations so everybody can achieve the outcome they want.

🎄✨ 'Tis the season to be thrifty! Three in five Brits are getting creative to sleigh their Christmas budget. From DIY gifts to upcycled decorations, 62% of us are channelling our inner elves to save those precious pounds.

So, whether you're crafting, selling, or hand-delivering cheer, here's to a holly-jolly, budget-friendly Christmas!

Knowing how much you need to save to fund the lifestyle you want when you retire is key. That’s where our handy pension calculator comes in.

It’ll help you figure out if you’re putting enough money away for retirement, or if you need to save more.

You’ll need to know how much is in your current pension(s) and have a recent payslip to help you fill it in. We know this means a bit of extra effort, but we promise it’s worth it.

Pension Calculator Knowing how much you need to save to fund the lifestyle you want when you retire is key. That’s where our handy pension calculator comes in.

🎄 ✨ It's Tree Dressing Day 2023, a wonderful occasion to celebrate the beauty and importance of trees in our lives. As we decorate them with ribbons, ornaments, and messages of gratitude, let's also reflect on the vital role trees play in our ecosystems and as a source of clean air and natural beauty.

Post a picture of your tree below 👇

Gifting money, either as a one off cash advance, or a regular payment to help cover childcare, could make a world of difference to your loved ones. There are several allowances available in the UK that let you give gifts without incurring a tax bill. Gifts aren’t limited to money; you can gift other assets such as, jewellery, property, land or stocks and shares among the family. Although in practice you ought to be aware of the tax implications in doing so – as other taxes may apply to such gifts.

https://www.sjp.co.uk/news/gifting-can-help-your-family-beat-the-cost-of-living-crisis

Giving Tuesday was created in 2012 and has grown into a global movement that inspires millions of people to give, collaborate, and celebrate generosity.

If you haven’t set up a power of attorney, and you’re no longer able to make decisions for yourself, things can get very complicated and distressing for you and your family.

You might need to access money from your savings to pay care home fees, or sell your house to cover the cost. Without a power of attorney, someone close to you would need to apply to the Court of Protection for a deputyship, which can take as long as six months.

It can be both expensive and highly stressful. Until the deputyship is arranged, all your affairs will effectively be in limbo.

Even when the deputyship is granted, it has to be renewed on an annual basis and for an annual fee. That’s on top of any solicitor’s fees. What’s more, the deputy has to verify and justify all of their spending and actions in detail, whereas an attorney does not. In a worst case scenario, it’s even possible for an application for a deputyship to be refused.

What does the Autumn Statement mean for your financial plan?

Being tax efficient through all stages of your financial planning journey can contribute to achieving your financial goals. That’s why being aware of the challenges and opportunities that tax, and benefit changes bring and discussing them and what they might mean for you with your adviser is so important.

Ahead of today’s Autumn Statement, there was much media speculation about the tax cuts that the Chancellor may or may not be able to make while responsibly supporting economic growth.

The announced backdrop to the changes was reducing (though still high) debt, controlled borrowing, increasing (albeit slightly) growth, and reducing inflation.

The following is a summary of the changes announced in the Chancellor’s “Autumn Statement for Growth” that could affect the tax and financial plans of individuals and businesses, together with a brief reminder of some important unchanged provisions relevant to financial planning.

Read more: https://www.sjp.co.uk/news/what-does-the-autumn-statement-mean-for-your-financial-plan

What does the Autumn Statement mean for your financial plan? Jeremy Hunt announces the Autumn Statement today, but what does it mean for your money?

Join esteemed experts from our Technical Connection Division, as they share an insightful update, following the Chancellor’s Autumn Statement .

📆 Save the Date: Thursday 23 November 2023

✅ Tax and Financial Planning Essentials Following the Autumn Statement 2023

🕐 Time: 12:30 – 13:30

📍Location: Zoom Webinar: https://sjp-co-uk.zoom.us/webinar/register/7616789854317/WN_TkNnbySATWGmWPXeb2ESaw #/registration

Providing updates on the latest changes to our tax context and how to access available allowances, exemptions, and reliefs. This session will guide you through the maze of tax-efficient growth strategies, wealth preservation techniques, and the art of passing on your wealth to future generations

It’s time to take charge and achieve your financial goals!

The value of your investment can go down as well as up. You could get back less than you invested.

Taxation rules can change at any time and are dependent on individual circumstances.



We are an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives.

SJP Approved 04/10/2023

Embracing the wisdom from Carl Richards: It may seem surprising, yet it's profoundly true - the power of choice shapes our financial journey. Here's a reminder worth pondering:

The freedom to choose our focus is in our hands.

Let's emphasise that again:

Our Focus. Our Decision.

In the realm of investments, this translates to empowering choices. Let's navigate these decisions together.

Source:

What I'm about to tell you is crazy. You have a choice. | Carl Richards posted on the topic | LinkedIn What I’m about to tell you is going to sound crazy… but bear with me because it’s definitely true. Ready? Here it is… We get to decide what we focus…

🌟 Don't wait any longer! The best time to start is always yesterday, but the second best time is now. ⏰

Start today, reap tomorrow: Investing early leverages the power of compounding, turning small, consistent investments into significant gains over time. The sooner you begin, the more time your money has to grow.

Source: https://www.instagram.com/thomasandvisuals

Lest we forget. 🌹🕊️ On this Remembrance Day, we honor the bravery and sacrifices of those who served and continue to serve. It's a day to reflect on the cost of freedom and to ensure that the memories of those who gave their all live on. We remember them with gratitude, and we strive for a world of lasting peace.

🇺🇸🇬🇧🌟

Join esteemed experts from our Technical Connection Division, as they share an insightful update, following the Chancellor’s Autumn Statement .

📆 Save the Date: Thursday 23 November 2023

💰Tax and Financial Planning Essentials Following the Autumn Statement 2023

🕐 Time: 12:30 – 13:30

📍Location: Zoom Webinar

Providing updates on the latest changes to our tax context and how to access available allowances, exemptions, and reliefs. This session will guide you through the maze of tax-efficient growth strategies, wealth preservation techniques, and the art of passing on your wealth to future generations

It’s time to take charge and achieve your financial goals! ✨

The value of your investment can go down as well as up. You could get back less than you invested. Taxation rules can change at any time and are dependent on individual circumstances.



Wolfe Wealth is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives.

SJP Approved 04/10/2023