News about Charles Stanley
How investing in gold could EXEMPT you from Labour's capital gains tax raid - and investors made 40% in past year
www.dailymail.co.uk,
October 13, 2024
Investors typically flock to gold during times of heightened geopolitical tensions and uncertainty. Sure enough, this has been the case since Russia's invasion of Ukraine more than two-and-a-half years ago and Hamas's terror attacks on Israel last October sparked a wider conflict that today risks engulfing the Middle East. The gold price stands close to a record high at $2,657 (£2,032) per ounce, buoyed by strong investor demand, its limited supply and perception as a store of value in times of turmoil. The value of the precious metal tends to behave differently to shares and bonds, which can come in handy during a market sell-off.
How to manage your money - and what we do with ours: This is Money podcast
www.dailymail.co.uk,
October 8, 2024
Where would you rate your budgeting, saving, investing and pension efforts out of ten? It's not often that we think about these things but mulling them over and making improvements where needed and patting yourself on the back when deserved, is a major step on the road to financial success. Georgie Frost and Simon Lambert dive into how we can manage our money better.
I have £30,000 of investments that aren't in an Isa, how can I protect them from capital gains tax?
www.dailymail.co.uk,
September 30, 2024
I have £30,000 in a mix of shares and funds that I have held for some time that aren't in an Isa or Sipp. How can I work out whether it is worth selling now and getting as much as possible into an Isa - and is there anything else I can do to reduce the tax, such as transfer some of the holdings to my husband?
I've inherited a £600,000 bungalow - should I sell it or sit on it?
www.dailymail.co.uk,
September 3, 2024
A relative passed away last year and left me and my son their bungalow in a London suburb. I have inherited 75% and my son 25%. We don't want to be landlords so initially planned to sell the home - but I've recently read about how in-demand bungalows are and am wondering if we should wait for its value to increase. Is that a good idea, and if not, what should we do with the cash we get from selling it?
Have you got all your eggs in one basket? How to work out if your portfolio is diversified
www.dailymail.co.uk,
August 27, 2024
Investors are regularly reminded to have a diversified portfolio but what does that really mean and why does it help? Put simply, it's about not having all your eggs in one basket and spreading your risk across different investment. But diversification can also help improve your returns over the long term too. Rob Morgan, chief analyst at Charles Stanley Direct , explains what you need to know.
Could Labour impose tax overnight on a pension I inherited from my husband?
www.dailymail.co.uk,
August 1, 2024
I inherited my late husband's drawdown pot when he died at the age of 68. I know that at present I can take the entire pot tax free. Now that we have a change of government, if they were to decide to impose income tax on withdrawals or complete closure do you think it procedurally possible that the changes could be brought in overnight or phased in for existing pots?Lisa Caplan of Charles Stanley replies.
How much should I save into my pension? How to work out if you are on track
www.dailymail.co.uk,
July 29, 2024
Deciding how much to pay into your pension can heavily impact your standard of living in later life. You need to think about what you can afford, how soon you hope to stop working, how long your retirement might last and how much money you'll need.
I have £15,000 in cash Isas, how do I move from saving to investing?
www.dailymail.co.uk,
June 24, 2024
I have built up a £15,000 savings pot held in cash Isas by saving £600 per month and would now like to start investing. I am not sure how to plan my saving and investing from this point on. Should I move some of my cash savings into investments, or stick with them as a rainy-day fund?
I'm 44 and want to retire in 10 years - can my £180k savings get me there?
www.dailymail.co.uk,
June 5, 2024
I want to stop working full-time in a decade when I reach 54 and need to make the next ten years really count financially. I reckon in today's money we would need about £60,000 a year of income for our plans and could earn about £30,000 of that between us from bits of paid work. Are our savings and investments enough to fulfil our dream?
The consumer champion's guide to getting what you want: This is Money podcast
www.dailymail.co.uk,
May 31, 2024
This is Money's consumer champion Helen Crane celebrated the 100th edition of her Crane on the Case column. Helen has won back more than £1.2million for readers and learnt a thing or two along the way about how to battle consumer problems and bad customer service. She reveals her tips. Plus, child benefit, savings tax, Scottish Mortgage and 50-30-20 budgeting
Is 50-30-20 budgeting a good idea? I want to save more and manage my money better
www.dailymail.co.uk,
May 28, 2024
I want to get a better handle on my monthly spending, save more money and budget better. But how can I work out how much I should be saving and what I should spend on bills and myself? A friend told me that there was a rule of thumb called the 50-30-20 budget, what is it and could I follow that?
How YOU can cash in on the stock market 'feeding frenzy': These ten UK companies are ripe for a takeover bid
www.dailymail.co.uk,
May 7, 2024
They have been described as sitting ducks: UK-listed companies that really ought to be more highly valued and are therefore ripe for being picked off by cash-rich foreign predators. For private investors, picking the right takeover target can mean a quick profit, as bidders normally have to pay well above the current share price to win control. And the bids have started coming thick and fast with every few days seeming to bring a new swoop for an unloved stalwart of the London stock market.
We're financial experts and this is how you can grow your wealth in the new tax year
www.dailymail.co.uk,
April 29, 2024
Investors are urged to beat the end of tax year deadline, but once a new tax year rolls around it's also important to act early. This new tax year brings not only fresh Isa and pension allowances, but also a further tax raid on investors, a tweak to child benefit removal that could boost working families' income and new Isa rules. We asked Charles Stanley Direct's experts Lisa Caplan and Rob Morgan to explain what you need to know.
I'm an investment professional and this is where I am investing my Isa
www.dailymail.co.uk,
March 25, 2024
With the close of the tax year, it is time for investors to consider using any of their remaining annual Isa allowances. Charles Stanley Direct Financial Planning, David Kell, discusses what he's doing with his Isa and claims that starting early is better than leaving things late.
John Lewis back in profit but STILL struggling to keep up with rival M&S
www.dailymail.co.uk,
March 14, 2024
The Waitrose and John Lewis department store chain, led by chairman Dame Sharon White (pictured), made £56 million for the 12 months to January, after suffering a loss of £234 million a year ago. It was the first profit since the pandemic outbreak, but it came at a modest increase in revenues of 2% to £10.8 billion.
Why you might need to sell some of your investments now: How to cut your tax bill with a Bed & Isa
www.dailymail.co.uk,
February 26, 2024
Investors may want to protect their funds in the event of a tax raid. The tax-free amount that investors can earn in both profits and dividends in any one year will be reduced again starting at the start of the new tax year on April 6, 2024. However, they can be placed in a tax-friendly shelter by selling investments and buying them back within a Stock & Shares Isa.
A FIFTH of small businesses turn to Bank of Mum and Dad for start-up help
www.dailymail.co.uk,
January 8, 2024
Young buyers have long been aided in their quest for a helping hand with the property ladder by the Bank of Mum and Dad. However, now it seems that the 'bank' is expanding into business loans, as entrepreneurs more often look to their parents for assistance. According to new wealth management Charles Stanley's report, a quarter of UK startups are initially funded by inheritance and a further 19% by cash from parents.
Will the Magnificent 7 make investors richer in 2024?
www.dailymail.co.uk,
January 6, 2024
If your pension or investment account increased in value last year, you may be tempted to praise your own stock and fund picking prowess as well as an overall increase in financial markets. However, there is also a chance that you owe a substantial share of your company's rise to just seven companies. These seven children are now so valuable - and saw such dramatic growth in 2023 - that they have been designated the Magnificent Seven. They are all tech companies and household names: Apple, Amazon, Google parent company Alphabet, Facebook-owner Meta, Microsoft, Nvidia, and Tesla.
Four investment trends for 2024 have been identified by experts, from Isas to Premium Bonds
www.dailymail.co.uk,
December 27, 2023
It has been an amazing year for savers, who have had some of the highest savings rates since 2008. Saving experts predict that the savings market will grow or continue in 2024, from a cash Isa explosion to cash platform launches.
As inflation falls to 4.6 percent, the city is secure in its optimism peak
www.dailymail.co.uk,
November 15, 2023
According to city analysts, the UK interest rates have now peaked after softer-than-expected inflation in October has denounced hopes that the inflation cycle has had the desired effect. Following evidence of a tighter labour market, decreasing wage rise, and weaker economic growth, a softer inflation print has boosted hopes that the BoE will continue with up to three rate cuts next year.
In 2024, wages will start to decline, fueling expectations for interest rate cuts
www.dailymail.co.uk,
November 14, 2023
The Bank of England is hoping that signs of falling inflationary pressures will fuel calls for looming interest rate cuts, while the city is hoping that signs of slowing wage growth will be welcomed by the Bank of England. The figure rises above consumer price inflation, which stood at 6.7 percent in September, but it adds to a bleak economic outlook and a softer labour market as proof that BoE's base rate increasing cycle is having the desired effect.
Charles Stanley Direct becomes latest investment firm to launch a savings platform
www.dailymail.co.uk,
November 2, 2023
Charles Stanley Direct is the most recent provider to announce a savings platform. Bondsmith and savers can open an account with a minimum investment of £1. Over the past few months, a slew of companies have launched savings pages, including over-50s specialists Saga and Savings Champion.
As inflation stays stagnant, Bank of England bets as bank rates remain unchanged
www.dailymail.co.uk,
October 18, 2023
Inflation fell in September as expected, but analysts do not expect that persistent cost pressures will push the Bank of England into another interest rate hike next month. It comes after the BoE's last Monetary Policy Committee meeting in September, when the bank brought an end to 14 rate hikes in a row at 5.25 percent.
Six steps to do an annual health check on your investments
www.dailymail.co.uk,
September 7, 2023
At least once a year, you should perform a complete health check on your investments, ideally at the same time to maintain continuity and build up a strong track record. However, be aware that if you overdo it and check too often, you may be tempted to make little improvements and rack up extra costs. So what is the best way to review your portfolio? Here's a look at our guide.