Wilcox Day Wealth Management Ltd

There is no question (in our opinion) that the budget will lead to price rises. You can already see with inflation creeping up and the BOE not cutting interest rates. So what can you do about it??? One way to make your money work harder is to be tax savvy. For example, if you are holding cash due to high interest rates you may be paying tax on the interest. By using a cash ISA or NS&I premium bonds - this can reduce the tax drag on your interest 💥 💰 Being tax savvy can add huge value to your finances over time. What are you doing about it? #tax #money #taxefficient https://lnkd.in/eDcGHvSS

How can I manage inheritance tax? https://lnkd.in/gzDBCiZ5 Inheritance tax is something no one is a fan of. There are ways that you can manage inheritance tax and make sure you leave a legacy for your family. #IHT

🎞️ My business is my pension, why should I save elsewhere? Watch: https://lnkd.in/etpp2GEb Simply, you are relying on a single event at one point in time to deliver all the money you need for the rest of your life. Compare that to extracting profits incrementally from the business, coupled with what you need to raise from the sale of your business. That is a more managed and controlled way to achieving the same financial goal.

🎄 Gifting money at Christmas - top tax tips. Putting a cash gift in someone’s Christmas stocking is a tax-smart move for you, as well as a lovely surprise for them. https://lnkd.in/eCAVVQXW

What is your financial snapshot? Have you benchmarked where you are across a number of areas? Here is an easy questionnaire you can do to help you consider your own personal situation with some hints and tips. https://lnkd.in/eyCvFnpA

As we approach Christmas 🎄 , we can feel like money is flowing through our hands quickly! Inevitably after Christmas comes New Years and New Years resolutions where we promise ourselves we will get in control of our finances. Our owner, Geoff Day, discusses how people tend to fall into one of 4 categories. Which one is you ⁉️ A key part of feeling in control is to confidently move from the 4th category to one of the other 3. We can help. 💥 Watch the video to learn more.

Retirement planning is the nation’s single biggest reason for seeking financial advice. One in three over-44s will actively seek advice on planning retirement in the next six months. Will you be one of them? Watch our video: https://lnkd.in/e2KRr2SW

How much do you need to retire? The cost of a comfortable pension has risen again in the last 12 months. As part of Pension Awareness Week, we look at what a happy and enjoyable retirement might cost you. #retirementplanning https://lnkd.in/eyERiwpV

❓ What does a good financial planner do and why should I need one? ➡️ A good financial planner will always focus on your goals. It is your goals and your priorities that will be the basis of your financial life plan. That means we don’t focus first on financial products, but rather financial outcomes. The products then become the vehicles for achieving your goals. #financialplanning 📼 Still unsure....watch our short explainer film here: https://lnkd.in/eZuE54Hw 

Green shoots 🌲 or massive headwinds 🌪 It is great to see a positivity in the number of businesses entering insolvency reduce. However, one has to ask the question, with the recent budget what is your forecast in the number of company insolvencies in the next 12 months. The data: 💥 According to the latest statistics, one in 186 companies on the Companies House effective register (at a rate of 53.8 per 10,000 companies) entered insolvency between 1 November 2023 and 31 October 2024. This was a decrease from the 56.5 per 10,000 companies that entered insolvency in the 12 months ending 31 October 2023. https://lnkd.in/emAaTtev