by Gretchen Betts | Mar 21, 2024 | Uncategorized
As you step into the later stages of your career, you might notice a significant change in your family dynamics: your children are likely leaving home, marking the beginning of a new chapter in your life. Realistically, this phase could signal your final working...
by Gretchen Betts | Feb 7, 2024 | Pension, Uncategorized
The Lifetime Allowance (LTA) is a limit on how much you can build up in pension benefits without paying tax. It’s currently set at £1,073,100 and benefits above this were subject to a tax charge. To the surprise of many, it was announced in the 2023 Spring Budget that...
by Gretchen Betts | Mar 17, 2023 | Budget, Uncategorized
Last week Jeremy Hunt delivered his budget, only a couple of weeks away from the end of the tax year. So, this is a double information blog; part budget update, part tax year-end reminders. First, the budget update. As expected, there were no further changes to tax...
by Gretchen Betts | Dec 1, 2022 | Financial Planning, Uncategorized
Most people are familiar with the term “Financial Advisor” or “IFA” but at Magenta we are Financial Planners and people regularly ask us what the difference between the two is. In many countries, the use of the title “financial planner” is tightly controlled and...
by Gretchen Betts | Oct 10, 2022 | Uncategorized
What are the top 3 changes you can make with your money to be better for the world and people? Almost all of us want to make responsible choices in life and we are now, more than ever, aware of the global challenges we face in the world. Environmental issues, human...
by Gretchen Betts | Sep 26, 2022 | Budget, Uncategorized
Budget updates used to be every year, but now it seems it can be up to 3 times a year! So here we go again… The Government’s Growth Plan 2022 In last weeks mini-Budget, the Chancellor announced the government’s Growth Plan 2022 which included a raft of tax reductions...