Author Archives: ross@planrfp.co.uk

Millions of students across the UK are preparing to head to university and pursue their educational goals. As a parent, you may feel proud as you help them pack up their belongings and move into their own space for the first time. Yet, you might also be worried about how they’ll cope financially or repay […]

Buying a second property can be exciting, but you might have questions about how a mortgage on a second home works. Read on to discover three ways they may be different to the mortgage on your main home. According to government statistics, 2.1 million households had a second property in 2021/22. Most owners let out […]

Retiring abroad is a dream for many people nearing the milestone. Whether you’re picturing a sunnier climate or want to move closer to family, there are some implications you might need to consider when managing your pension. According to a report in Moneyweek, more than three-quarters of pension savers would like the opportunity to leave […]

Effectively managing your finances to get the most out of your assets often means going beyond paying into a pension regularly or selecting a fund to invest through. That’s why lifestyle financial planning could help you better align your finances with the life you want to lead now and in the future. Financial advice alone […]

A new study has disputed the saying “money can’t buy happiness”. In fact, the research suggests the opposite is true, money can buy happiness, but it isn’t as simple as accumulating as much wealth as possible. According to the Guardian, a study from the University of Pennsylvania found a strong association between money and happiness. […]

If you take a proactive approach to managing your wealth, you could reduce how much Inheritance Tax (IHT) your estate may be liable for when you pass away.   Last month, you read about what IHT is and when estates become liable to pay it. Now, read on to discover some of the shrewd strategies you […]

Taking a lump sum out of your pension could provide you with more financial freedom. Yet, it could also land you with a large and unexpected tax bill. Read on to find out what you need to know about tax and withdrawing lump sums from your pension. Your pension withdrawals may be liable for Income […]

Labour secured a majority in the general election, and their manifesto included several pledges that could affect the property market over the coming years. Read on to discover three pledges that could have an impact. Labour has pledged to build 1.5 million new homes Over the next five years, Labour has pledged to build 1.5 […]

Failing to set out your wishes in a will could mean your assets aren’t passed on to the loved ones you’d like to benefit from your estate. As a result, this could have a significant effect on your legacy. A will is one of the main ways to ensure your assets are passed on to […]

It doesn’t matter how much you prepare; sometimes unexpected life events could mean your carefully laid plans go awry. While you can’t know what’s around the corner, you can change how you respond to unpredictable events to help keep your financial plan on track. A life event could have a huge impact on your wealth, […]