Do you have multiple signatories on your bank accounts?
In most situations, it pays to do so. Continue reading “Why it pays to have multiple signatories on your bank accounts”
The rule used to be that as long as you had been non-UK resident for five consecutive tax years, then you would not be taxed on any gains made when you sold UK property.
However, as of 6th April 2015, that ceased to be the case. Continue reading “Discover how CGT rules apply to expats when selling property in the UK”
Did you know that the age at which you can claim UK state pension is changing?
It is used to be age 60 for women and 65 for men. Continue reading “UK state pension age is changing. Find out when you are entitled to claim it.”
I’ve been reading a lot about London Capital & Finance (LC&F) recently.
In case you haven’t seen the story, they are a UK investment firm that went into administration a few weeks ago.
They had 11,605 investors who had invested GBP236 million and who now stand to lose a significant part of their money (administrators think they could get as little as 20% of their savings back). Many of these investors were simply looking for a home for an inheritance or the tax free lump sum from their pension. Continue reading “Lesson from London Capital & Finance: risk and return are always related”
Did you know that women typically live longer than men? The difference in life expectancy is almost 4 years in the UK.
In addition, women are much more likely to live alone when they are older. Statistics show that only 18% of women age 85 or older are still married while 58% of men over age 85 still have a partner who is living. Continue reading “Some thoughts for International Women’s Day…”
Shares in baked bean purveyor Kraft Heinz fell 27% in a day last week as markets reacted to an update in which the company took a USD15 billion write-down in the value of their assets.
They also disclosed that they were being investigated by the US Securities and Exchange Commission due to their accounting policies.
This is quite a fall from grace; it was only few months ago that Kraft Heinz were seriously looking to acquire Unilever.
You can read more about the background to the story here.
However, the key takeaway here is that holding a large percentage of your portfolio in the shares of a single company is risky because things like this can and do happen.
The risk is doubly so, when the shares in question are those of your employer because now you are relying on said company for your financial future as well as your monthly paycheck.