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PenLife Associates Chartered Financial Planners - Independent Financial Advisers IFA
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A lot of people have a lot of money in Cash ISAs. It beats me why. If you put your current ISA allowance – £15,240 into your average Cash ISA, the tax saving is just £2.50 a month. Big deal. You’re never going to get rich on that. The problem is that people simply don’t understand the difference between savings and investment. Savings are for the short term – accessible monies you may need for that rainy day. Investments are to build up wealth over the longer term. It doesn’t help that you’ve got idiots like Moneybox’s Paul Lewis telling people that cash is a good investment. It isn’t.

continued here: http://ow.ly/JpAF308Z6Il
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Do you want the bad news or the bad news……

New Chancellor Philip Hammond is a jolly soul, isn’t he? The Autumn statement was more a catalogue of doom and gloom predictions than it was anything else.

Hidden in the detail were a couple of things of note. One, the maximum you can save in a pension after you’ve started drawing a pension is reducing from £10,000 to £4,000 pa. Well, I did warn you. The other thing is that EIS investments will only be allowed in companies under 7 years old. More mature companies obviously offer less risk and were therefore more attractive. Well, we’ve had that toy taken away from us. Oh well. It could have been worse.

So how could ‘spreadsheet Phil‘, who’s been described as ‘safe, plodding, and risk averse’ shake things up in a year that has seen such seismic events as Brexit and Trump? Well he’s only gone and announced that the Autumn statement will happen in Spring and the Spring Budget will now be in Autumn. Epic!
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Our latest blog post is up on the PenLife website.
In this post Julie shares her views of the US Election.

http://ow.ly/vgBw306dQYg
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The Importance Of Protection

The foundation of good financial planning is protecting you and your family against unforeseen events like death or serious illness. Only last week we heard the tragic news that one of our IT associates was killed in a motorbike accident at age 36, leaving behind a wife and three small children. It looks like he had no protection cover in place.
Just think for a minute what impact a serious illness or death of a breadwinner would have on you and your family.
Another associate is passionate about protection - because he had personal experience of the devastation such an event can cause. The last thing you need is a financial consequence to deal with as well as the emotional fall out.

http://www.panaceaadviser.com/main/st12708/my%20cancer%20diagnosis.htm?utm_source=bento-bulletin&utm_medium=email&utm_campaign=90732_bento-736-my-cancer-diagnosis&utm_content=90732

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One of our clients has made a short video about the benefits of his early retirement
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http://www.pen-life.co.uk/retirement-by-design/

Take a look at our latest post over on the PenLife blog written by one of our Paraplanners, Adam Piplica. He delves into the similarities of the financial sector and architecture.
Retirement by Design
Retirement by Design
pen-life.co.uk
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