Spring Statement 2022

Posted by JSCFinancial on Thursday 24th of March 2022

Chancellor of the Exchequer, Rishi Sunak, delivered his 2022 Spring Statement on 23 March, confirming implementation of the politically contentious 1.25 percentage-point rise in most National Insurance contributions, though with revised thresholds to mitigate the impact. He declared that his overall plan "builds a stronger, more secure economy for the United Kingdom.” The fiscal update included a number of specific measures and a new ‘Tax Plan’ which the Chancellor said would help families with the cost-of-living squeeze. Mr Sunak said, “Peo...

End of the tax year checklist

Posted by JSCFinancial on Thursday 24th of March 2022

End of the tax year checklist

Make more of your money with your adviser, before the end of the 2021/2022 tax year on 5 April 2022.

As the end of the tax year approaches, there’s still time to take advantage of your annual tax-free allowances if you’ve not already done so. This is one of the best ways to make your money work harder and grow, especially with interest rates on the rise. We can guide you through the best ways to use your allowances – depending on your needs.

The maximum you can invest across your ISAs (if it’s a cas...

Time vs Timing

Posted by JSCFinancial on Thursday 24th of March 2022

Time vs Timing

When it comes to investing, you might have heard that time in the market is better than timing the market.

Time in the market is another way of describing long-term investing. Investors with a time horizon of at least five years (and in many cases longer) buy an asset and hold on to it. They tend to invest with a goal in mind. A good example is someone saving towards retirement which, depending on the stage of their career, could be 20 years or more in the future.

On the other hand, investors who try to time the marke...

Online Trading - what you need to know

Posted by JSCFinancial on Thursday 24th of March 2022

Online trading - what you need to know

Although online trading has become more accessible, is it best to leave things to the experts?

Not so long ago, if you wanted to invest you’d have to go through a stockbroker or a financial adviser. Now, investors can use a DIY investing platform to trade from the comfort of their own homes with a laptop or a mobile phone. But is it worth the risk?

What is online share dealing?
An online dealing platform allows you to buy and sell shares from companies that are listed on the stock exchange. Many...

Getting Mortgage Ready

Posted by JSCFinancial on Friday 11th of March 2022

Whether you’re a first-time buyer, a second-stepper or further up the housing ladder, buying a home is always a big move and can feel a bit like a roller coaster ride at the best of times. With 60% of buyers reporting being put off moving because they find the idea overwhelming, here are some tips that can help you navigate the process as smoothly as possible.

Save up
You will need to have saved a deposit - in most cases the bigger the deposit you can put down, the lower your interest rate is likely to be. Open a dedicated savings or investm...

Talking About Money

Posted by JSCFinancial on Monday 7th of March 2022

Talking About Money

While, for many, discussions about money can be extremely uncomfortable, experts have long stressed the best approach to financial issues is invariably to talk about them. Indeed, perceived wisdom suggests the more open and honest people are about money, the better their life and relationships tend to be.

Finance: the last taboo
There’s a wide variety of reasons why people don’t like to discuss their finances. In some cases, money is simply viewed as a vulgar subject to talk about, while many individuals lack finan...

Junior ISA

Posted by JSCFinancial on Tuesday 22nd of February 2022

In the Autumn Budget in 2021, it was revealed that the Junior ISA spending limits would remain at £9,000 for the 2022/2023 tax year. The JISA limit was last changed in early 2020, when it was doubled from £4,500 to its current level.

JISA and CTFs both benefit

JISAs replaced Child Trust Funds (CTF) in 2011, but those who still hold CTF will continue to benefit from the increased allowance. Both JISA and CTF are a tax efficient way to build up savings for a child. It is not possible to have both a JISA and a CTF.

Savings for children

A ju...

Reckless Caution Is Costing Savers

Posted by JSCFinancial on Thursday 10th of February 2022

New research from The Openwork Partnership, one of the UK’s largest and longest established financial advice and investment networks, shows more than 11.6 million are keeping all their money in cash despite ongoing low rates.

Its nationwide study found 22% of adults prefer to keep all their money in cash while the same number will not consider stock market investments despite potentially higher returns as they don’t understand it.

The Openwork Partnership is warning about the risks to savers of reckless caution – the cost of missing out ...

Are you making the most of your ISA allowance?

Posted by JSCFinancial on Tuesday 8th of February 2022

In the Financial Lives 2020 survey from the FCA, it has been found that older adults were more likely to hold a savings account of any type, than younger adults. For example, 83% of those aged 55+ did, compared with 63% of 18–24-year-olds. So, how could an ISA help you?

An ISA is an individual savings account that allows you to save tax-free money in a cash or investment account, so you could end up getting more for your money. An ISA is a medium to long term investment, which aims to increase the value of the money you invest for growth...

Omnis Managed Portfolio Service 12 Month Review

Posted by JSCFinancial on Friday 7th of January 2022

Here’s a review of how some of the key events from the past twelve months have impacted markets.

  1. 2021 got off to a good start after the Democrats won a majority in the Senate (the upper house of US politics) giving President Biden a strong mandate to increase government spending. However, the rising number of new coronavirus cases around the world weighed on markets.
  2. The rapid vaccination rollout continued to drive markets higher in February 2021.
  3. China led the recovery from the pandemic because it suppressed the virus quickly while US ...