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Latest OECD report doesn’t bode well for retirees

By |December 7th, 2015|

This country’s state pension is up there with the least generous in the world, according to the latest Organisation for Economic Co-operation and Development (OECD) report.

With only Mexico and Chile paying less, the international think tank’s study found that those living in the UK are currently being hit by a 38.3 replacement rate. This means […]

Do you need a financial planner?

By |November 27th, 2015|

At Heritage Wealth Solutions, our Leeds-based team regularly get asked the question ‘why do I need a financial planner?’ That’s because not many people see the benefits of having an experienced financial adviser manage their monies.

But speaking to a professional about your finances, investments, taxes and even retirement planning can provide you with a clear […]

Reducing your inheritance tax bill

By |November 23rd, 2015|

Despite the announcement of the inheritance tax threshold being raised earlier this year, many still have to pay what they consider to be over the odds to pass wealth down.

As the Chancellor’s ‘family home allowance’ does not come into effect until April 2017, this is likely to be the case for the next few years […]

Why it’s important to take out a will

By |November 5th, 2015|

One thing we recommend to all of our customers is that they take out a will, not because we are wanting an extra fee, but because it is vitally important to think about the future to ensure that all of your wishes are met when you pass away.

Without a will in place your assets could […]

Five alarming retirement statistics

By |October 28th, 2015|

While some are keen to secure a retirement plan in place at a relatively early age, many Leeds and Yorkshire-based workers go into their senior years largely unprepared for what is to come.

The financial adviser team here at Heritage Wealth Solutions was further made aware of this recently after reading the Income Reality Survey Report […]

What have we learnt in the first six months of pension freedoms

By |October 8th, 2015|

Earlier this year the Government announced the most radical changes to pensions in more than 100 years. The new reform, pension freedoms, means that people are now able to release funds from their savings when they turn 55, taking as much or as little as they want at a time.

Following the reforms, the Association of […]

Three simple ways of managing your finances

By |September 17th, 2015|

The Chartered Financial Planner team here at Heritage Wealth Solutions advises both Leeds and Yorkshire-based clients on all aspects of their finances.

While our experience, knowledge and skill allows us to forecast accurate projections and formulate a structured plan, we are more than happy to point out that there are ways of people making things easier […]

Why UK banks can’t compete against National Savings

By |September 11th, 2015|

Recent figures from National Savings & Investments (NS&I) has suggested that savers up and down the country, even here in Yorkshire, added more than £13 billion into pensioners bonds in just a few weeks.

The staggering amount, which came from a sudden surge of savers, saw people up and down the country paying nearly two-thirds above […]

Three retirement planning tips

By |August 12th, 2015|

Though the UK’s average retirement age is around 64, you really should start to plan for it much sooner – many who leave the process for too long find that they don’t have the money to fund their aspirations in later life.

This is reflected in recent research carried out by Prudential, who found that 70% […]

Inheritance tax changes explained

By |August 5th, 2015|

As Leeds-based financial advisers, the team here at Heritage Wealth Solutions are constantly keeping ourselves up-to-date with all of the latest finance news.

We were, of course, keenly monitoring the Summer Budget presented by Chancellor George Osborne earlier this month – particularly his plans to raise the inheritance tax threshold from £325,000 per person to £500,000.

What […]