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What to do when markets are going up!

As you’re all probably aware, most global markets are at all-time highs.  Events that would normally pull markets clean off the tracks – Brexit, Trump, the UK’s disastrous election result, the continuing Euro-troubles – are simply being brushed off as minor irritations. Investors understandably worry and panic when markets are falling.  And that’s when we…
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For These Are Jolly Good Fellows

Another two of our brilliant financial planners have just qualified as Fellows of the Personal Finance Society. Deb Jacobs and Asif Sadullah have both passed their final qualification to achieve this accolade. Fellowship is the highest financial planning qualification awarded by the Chartered Institute and demonstrates the very highest standards of technical knowledge and ethical…
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We are in the Top 100!

  I’ve just heard PenLife has been named as one of the top 100 advisers in the UK.   The top 100 are selected by New Model Adviser for their commitment to the profession, qualifications, best practice development and business reinvestment.   Now, as well as being the only BS 8577 Chartered Financial Practice in…
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Curiouser & Curiouser

Just when we thought we were over the shock of the Brexit vote, we get slapped across the face with the US election fiasco. I’m not surprised at the result, to be honest, having just returned from the States. I spoke to many US citizens who are sick to death of the political elite so…
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The Importance Of Protection

The foundation of good financial planning is protecting you and your family against unforeseen events like death or serious illness. Only last week we heard the tragic news that one of our IT associates was killed in a motorbike accident at age 36, leaving behind a wife and three small children. It looks like he…
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What is retirement all about ?

www.retirehappyandworryfree.com
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Bye Bye Brussels, Brussels Bye Bye

Well. What a difference a day makes. Despite last ditch attempts by the Germans to get us to vote ‘remain’ by acknowledging the 2010 Wembley goal and offering to put their towels on our sunbeds in future, Little Britain has decided to go it alone and wave bye bye to the bully boys in Brussels.…
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Should We Stay Or Should We Go?

Clients keep asking about our strategy around the EU referendum. And the honest truth is – it’s just business as usual. One of the key fundamentals of managing money is to keep your head whilst all around are losing theirs. A load of multi asset managers have made the obvious and frankly lazy call to…
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Click and Scroll – Learning About Money Online

A couple of weeks ago, I travelled down to London to attend a networking event for financial bloggers –that curious bunch of online writers who get excited about new savings accounts and investment strategies. Despite our shared interest in writing about money topics, every writer comes from a different perspective and our websites are as…
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A Toast To Your Future

  Inspired by Julie’s ‘straight-talking’ approach and wanting to improve my own speaking-game, this month I joined a club in York called Toastmasters International. The purpose of the fortnightly meetings is to help members improve their communication, public speaking and leadership skills. Founded in America in 1924, there are now clubs all across the world…
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Making Money Out of Thin Air!

  So our job is to increase your wealth and protect it from hostile attack. We’ve saved our clients literally millions of pounds in increased return and reduced tax. For that reason I believe we add more value than any other profession on the planet. Here’s how we save millions of pounds for clients –…
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3 OF OUR ADVISERS IN THE TOP 250 IN THE COUNTRY!

  Anybody looking in the Sunday Times carefully enough last weekend would see that PenLife had not one but three advisers in the top 250 in the Country. And 2 of only 3 top rated advisers based in York. If you did happen to miss it – here it is again:
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Tackling the great taboos: Death and Money

  I recently commissioned a survey on Inheritance Tax.  Over 95% of respondents agreed with me that Inheritance Tax is unfair.  And even more would do everything within the law to avoid it.  Fortunately, there are some fairly simple things you can do.  I’ve been advising clients on this for over 30 years and have…
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Don & Val Lee – An IHT Case Study

  Well, Inheritance Tax is certainly winding you all up as much as it does me judging from all your comments.  It makes me even more determined to help as many people as I can avoid this unfair tax, which is why I decided to create my online Inheritance Tax planning course in the first…
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INHERITANCE TAX PLANNING ‘NATURAL HUMAN INSTINCT THAT SHOULD BE ENCOURAGED’

  It seems my online course on Inheritance Tax couldn’t have come at a better time. Following on from the hoo-ha around David Cameron’s £200,000 gift from his mother, intended to avoid £80,000 of Inheritance Tax, Dave reassures us “avoiding inheritance tax is a natural human instinct that people should be encouraged to do.”  Hear…
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Panamanian Pandemonium

  The media attempts to get to the bottom of the Panama tax leaks are hampered by their inability to distinguish tax avoidance and evasion. The former is sensible and good, the latter is illegal and bad. The reporting repeatedly confuses the two. When I first started on this long and arduous journey many moons…
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Sorry!

  Is it me, or we have we had more than our fair share of celebrity deaths recently? I was struck by two very different approaches to Inheritance Tax by two of our ‘national treasures’. I’ve already covered how Cilla Black appears to have done no planning at all, and left her family a £6…
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Think you know your way around money and finance?

  Take our quiz below and see how much you know! 10/10                        You’re a pro! No-one can tell you anything about money. 7-9/10                      Well done. You know your stuff. 3-6/10          …
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Back to School

  Bob Dylan once sang “Don’t criticise what you can’t understand”. This is one reason we have all been reading and digesting the recent Budget, to gain understanding of the implications for our clients. As financial planners we have to know our stuff. As a client you need the person putting your financial plan together…
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Chartered – What does that mean?

As many of you may know, PenLife is a Chartered Financial Planning firm. It’s not easy to achieve this status, so we’re very proud to have it. However, one thing we’re aware of is that the general public may not know exactly what it means to be Chartered in Financial Advice, which is pretty understandable.…
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Leave a Legacy Fit For a King

Last week I tried dropping in on Her Majesty as she was in residence at Windsor Castle. Unfortunately she was otherwise engaged so a meeting was out of the question. But I didn’t need to actually meet the Queen to still revel in the history and legacy of our country’s royal heritage. And it won’t…
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Why a Good Offense is Not Good Enough

I’ve never been much of a fan of watching football. I can never join in the conversations happening around me when talk about last night’s game crops up in the office.  Thankfully, the fortunes or failures of a group of sportsmen or women do not affect me apart from having to endure the moans and…
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MORE LUNATICS RUNNING THE ASYLUM

I am often accused of being anti-tax (am I bovvered?!)  But genuinely, I get that tax is the price to pay to live in a civilised society.  It’s the nonsense that our tax pounds are spent on that winds me up.  How’s this for a current example. The Pensions Act 2008 compels every employer in the UK to enrol…
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The Average IHT Bill

Estates liable for inheritance tax in the UK face an average bill of more than £170,000 each according to analysis of HMRC data by Prudential. As the total amount of inheritance tax payable increases, so does the value of careful tax planning for anyone looking to cascade as much of their wealth to their families…
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50 Shades of Tax Avoidance

Well, we have got our knickers well and truly twisted around tax avoidance, haven’t we. You can’t open a paper without reading about interrogations of the head of HMRC, HSBC et al. And we’ve all witnessed the mud-slinging in the Commons. Yet I’m willing to bet there isn’t a single MP who doesn’t avoid tax…
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What To Do When Stockmarkets Are Falling

OK.  Global stockmarkets are falling.  And investors have an understandable impulse to do something.  Anything. These are, after all, our life savings on the line.  But here’s the thing.  Investing is for the long term.  Savings are for short term stuff.  So unless anything has changed in your life, nothing has changed.  It’s madness to…
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