Generated by All in One SEO v5.0.0.1, this is an llms.txt file, used by LLMs to index the site.

# 2020 Financial Advice

## Sitemaps

- [XML Sitemap](https://2020financialadvice.co.uk/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [Blog](https://2020financialadvice.co.uk/blog/)
- [What does a change in prime minister mean for your finances?](https://2020financialadvice.co.uk/what-does-a-change-in-prime-minister-mean-for-your-finances/) - On 22 June, Keir Starmer announced he would quit as Labour Party leader. The decision had been anticipated in the media, but the changes still pose some uncertainty over the coming weeks. Read on to find out what it could mean for your finances. The Labour Party will need to decide on a new leader,
- [Life insurance v family income benefit: Which is right for your family?](https://2020financialadvice.co.uk/life-insurance-v-family-income-benefit-which-is-right-for-your-family/) - You no doubt want to protect your loved ones against life’s twists and turns. For many families, that includes shielding their finances from the worst-case scenario – the loss of a family member. While suitable financial protection could provide a reassuring safety net, the options can be daunting. As a result, it’s not uncommon for
- [The £12.3 billion cost of delaying estate planning](https://2020financialadvice.co.uk/the-12-3-billion-cost-of-delaying-estate-planning/) - Affluent families who delay estate planning could miss out on chances to reduce a potential Inheritance Tax (IHT) bill and pass more on to their families. Find out if you could benefit from considering IHT and how you might pass on assets tax-efficiently. According to a report covered by Today’s Wills and Probate (5 June
- [4 practical reasons to regularly contribute to your child’s pension](https://2020financialadvice.co.uk/4-practical-reasons-to-regularly-contribute-to-your-childs-pension/) - In a bid to pass more wealth to their loved ones, a growing number of families are opening pensions for their children. Whether your child is still in nursery or already working their way up the career ladder, there could be benefits to making pension contributions on their behalf. According to an article in the
- [How a cashflow model could provide clarity about your retirement income](https://2020financialadvice.co.uk/how-a-cashflow-model-could-provide-clarity-about-your-retirement-income/) - Having a reliable income in retirement could give you the freedom to create a lifestyle you enjoy and achieve those bucket-list goals you’ve dreamed about for years. In a 2023 survey by Legal & General, 94% of UK adults said their most important retirement dream is to feel financially secure for the rest of their
- [The psychology of fear in investing: Why mastering it could support long-term success](https://2020financialadvice.co.uk/the-psychology-of-fear-in-investing-why-mastering-it-could-support-long-term-success/) - Investing is often as much about emotions as it is about numbers. One emotion that might affect how you invest at times is fear. Learning how fear influences investment decisions and how to master it could support your long-term success. Fear could strike investors in multiple ways There’s more than one form that fear can
- [Why the State Pension triple lock matters for retirees](https://2020financialadvice.co.uk/why-the-state-pension-triple-lock-matters-for-retirees/) - The triple lock increases the State Pension year-on-year to protect pensioners from the effects of inflation. Learn how the triple lock works, how it benefits retirees, and two additional strategies you might use to mitigate the effect of inflation on your personal pension wealth alongside your State Pension. The triple lock ensures your State Pension
- [Why you could benefit from reviewing your financial habits as you transition into retirement](https://2020financialadvice.co.uk/why-you-could-benefit-from-reviewing-your-financial-habits-as-you-transition-into-retirement/) - Retirement is a significant life transition. Some of the financial habits that served you well during your working life might no longer suit your retirement lifestyle. Sticking to your current financial habits could mean you miss out on opportunities to enjoy your retirement, or even mean you risk using up your savings too soon. Read
- [Why earning more than £100,000 doesn’t have to mean falling into a tax trap](https://2020financialadvice.co.uk/why-earning-more-than-100000-doesnt-have-to-mean-falling-into-a-tax-trap/) - A hidden marginal tax rate that affects workers earning between £100,000 and £125,140 is often dubbed a “tax trap”, and research suggests it’s shaping career decisions. However, there are ways you might mitigate the additional tax charge without putting the brakes on your career progression. The Personal Allowance is £12,570 in 2026/27, and you can
- [5 questions to answer before you withdraw a pension lump sum to reduce Inheritance Tax](https://2020financialadvice.co.uk/5-questions-to-answer-before-you-withdraw-a-pension-lump-sum-to-reduce-inheritance-tax/) - From 6 April 2027, many unused pension pots will be included in Inheritance Tax (IHT) calculations. Since the government announced the change in the 2024 Autumn Budget, an increasing number of people have opted to withdraw their tax-free lump sum from their pension as soon as they can. Currently, you can access your pension from
- [The factors that influence your investment style and how to take control](https://2020financialadvice.co.uk/the-factors-that-influence-your-investment-style-and-how-to-take-control/) - Your investment style will shape how you choose your investments and manage them over the long term. The good news is that your style isn’t set in stone, and you can make positive changes so your approach to investing aligns with your strategy. While facts should be the main driver of investment decisions, they aren’t
- [2 steps to not being bad with money](https://2020financialadvice.co.uk/2-steps-to-not-being-bad-with-money/) - This guest blog was written by Chris Budd, who wrote the original Financial Wellbeing Book as well as The Four Cornerstones of Financial Wellbeing. He founded the Institute for Financial Wellbeing and has written more than 130 episodes of the Financial Wellbeing Podcast. A comment that one often hears when discussing finances is that people
- [How to <em>really</em> sell a business](https://2020financialadvice.co.uk/how-to-really-sell-a-business/) - This guest blog was written by Chris Budd, who wrote the original Financial Wellbeing Book as well as The Four Cornerstones of Financial Wellbeing. He founded the Institute for Financial Wellbeing and has written more than 100 episodes of the Financial Wellbeing Podcast. Ask small business owners when they plan to sell their business, and
- [How the value of your estate affects a key Inheritance Tax allowance](https://2020financialadvice.co.uk/how-the-value-of-your-estate-affects-a-key-inheritance-tax-allowance/) - Inheritance Tax (IHT) is a growing concern for many people in the UK, with increasing numbers of estates facing a rising tax liability. Each year, the amount of IHT paid to HMRC is increasing. By 2030/31, the Office for Budget Responsibility (February 2026) forecasts that IHT receipts will reach £14.5 billion, up from £8.3 billion
- [Are you supporting a loved one? You might need a Lasting Power of Attorney to act](https://2020financialadvice.co.uk/are-you-supporting-a-loved-one-you-might-need-a-lasting-power-of-attorney-to-act/) - Millions of well-intentioned people in the UK are helping their loved ones manage their online financial accounts, but could risk having these accounts frozen because they don’t have a Lasting Power of Attorney (LPA) in place. Lloyds’s 2024 Consumer Digital Index (3 November 2025) suggests 1 in 5 adults – the equivalent of 11 million
- [Powerful reasons to plan how to use your 2026/27 allowances and exemptions now](https://2020financialadvice.co.uk/powerful-reasons-to-plan-how-to-use-your-2026-27-allowances-and-exemptions-now/) - The 2026/27 tax year started on 6 April 2026. While you have until 5 April 2027 to use tax-efficient allowances and exemptions, making a plan now could be valuable. Here are four powerful reasons to consider your tax strategy for the current tax year. Avoid last-minute stress as the end of the tax year approaches
- [How to take a career break and keep your pension on track](https://2020financialadvice.co.uk/how-to-take-a-career-break-and-keep-your-pension-on-track/) - If you’re planning to take a career break, being proactive could help you keep your pension and long-term plans on track. Many people taking a career break will consider the effect on their short-term finances, such as how they’ll pay essential bills and if they’ll need to dip into savings. However, they may not consider
- [How to manage lifestyle inflation to keep your long-term goals on track](https://2020financialadvice.co.uk/how-to-manage-lifestyle-inflation-to-keep-your-long-term-goals-on-track/) - Like inflation, lifestyle inflation could affect your finances, and you might not be aware of the effects straightaway. Find out how it might impede your ability to reach your goals and some ways to manage it. Lifestyle inflation refers to the tendency for spending to increase as your income rises. Often, this spending goes on
- [A time traveller’s guide on how to financially plan for change](https://2020financialadvice.co.uk/a-time-travellers-guide-on-how-to-financially-plan-for-change/) - This guest blog was written by Chris Budd, who wrote the original Financial Wellbeing Book as well as The Four Cornerstones of Financial Wellbeing. He founded the Institute for Financial Wellbeing and has written more than 100 episodes of the Financial Wellbeing Podcast. There is one absolute certainty in life: there will be change. Sometimes
- [5 ways a cashflow model could support your estate plan](https://2020financialadvice.co.uk/5-ways-a-cashflow-model-could-support-your-estate-plan/) - Deciding how you’d like your assets to be managed later in life and after you pass away may be intimidating. However, a cashflow model could help you answer both financial and emotional questions, so you’re in a better position to tackle your estate plan. According to a survey conducted by Aegon (5 March 2026), 1
- [What you need to know about student loans and supporting your family](https://2020financialadvice.co.uk/what-you-need-to-know-about-student-loans-and-supporting-your-family/) - Student loans have recently featured in headlines. Find out what’s causing the debate, how your family might be affected, and some ways you could support students or graduates. Amid growing backlash about student loans from graduates, the government has launched an inquiry. According to the BBC (12 March 2026), the Treasury Committee will look at
- [The importance of managing your pension withdrawals to protect your retirement lifestyle](https://2020financialadvice.co.uk/the-importance-of-managing-your-pension-withdrawals-to-protect-your-retirement-lifestyle/) - Managing your pension doesn’t stop once you retire and start to draw an income from it. In fact, your pension still needs careful attention in retirement – just as much as when you were contributing – to ensure you don’t deplete it too quickly. Research suggests that many retirees aren’t taking professional advice and are
- [Should you delay your State Pension? The pros and cons explained](https://2020financialadvice.co.uk/should-you-delay-your-state-pension-the-pros-and-cons-explained/) - Thousands of people delay claiming their State Pension every year. There are some potential benefits, including managing their tax liability, but there are also drawbacks that are important to consider. The State Pension is a regular government payment you may receive from when you reach State Pension Age until you die. The current State Pension
- [How psychology might affect your view of cash and safety](https://2020financialadvice.co.uk/how-psychology-might-affect-your-view-of-cash-and-safety/) - How your brain works could affect how you view wealth and different assets. For many, this can mean cash feels like a safer option than alternatives, but it’s not always the right one. Indeed, sometimes choosing to hold cash could mean you miss growth opportunities. 3 reasons why cash might feel like the “safe” option
- [Explained: Why your pension could become liable for Inheritance Tax](https://2020financialadvice.co.uk/explained-why-your-pension-could-become-liable-for-inheritance-tax/) - Next year, a significant change to how pensions are treated when calculating Inheritance Tax (IHT) could mean more families become liable for the tax. Here’s what you need to know to understand if your estate could be affected and how you might mitigate a potential bill. Currently, pensions are usually outside your estate for IHT
- [5 tips for overcoming the fear of investment uncertainty](https://2020financialadvice.co.uk/5-tips-for-overcoming-the-fear-of-investment-uncertainty/) - Investing money can feel daunting because you can’t be sure what your returns will be or whether you’ll suffer a loss. While you can’t eliminate uncertainty from investing, there may be things you can do to overcome the fear of the unknown if it’s affecting your financial decisions. According to an article from Financial Planning
- [6 benefits of reading and how to make it a lifelong habit](https://2020financialadvice.co.uk/6-benefits-of-reading-and-how-to-make-it-a-lifelong-habit/) - The National Year of Reading is a new campaign underway for 2026, designed to help people discover, or rediscover, the joy of reading. Increasingly, digital pastimes and smartphone usage are taking over, with a survey by the campaign organiser, the National Literacy Trust, showing that daily reading and enjoyment of reading are declining. Just one
- [5 investment lessons you could learn from the UK film industry](https://2020financialadvice.co.uk/5-investment-lessons-you-could-learn-from-the-uk-film-industry/) - The UK’s film industry is booming, and there could be some hidden lessons for investors in its success. According to the British Film Institute (5 February 2026), film and high-end TV production spend in the UK was £6.8 billion in 2025 – an increase of 22% compared to 2024’s figures. Some of the most successful
- [Turning wealth into happiness: Why a plan makes a difference](https://2020financialadvice.co.uk/turning-wealth-into-happiness-why-a-plan-makes-a-difference/) - The saying “money can’t buy happiness” is true. Wealth doesn’t automatically mean you’ll be happier, but it could give you the freedom to focus on the things you enjoy and boost your wellbeing as a result. How you use money is just as important as having it when assessing whether it would improve your happiness.
- [How cashflow modelling can act as an early warning system for financial shocks](https://2020financialadvice.co.uk/how-cashflow-modelling-can-act-as-an-early-warning-system-for-financial-shocks/) - Financial shocks can have a devastating effect on your short- and long-term finances. While you can’t remove the unexpected from your life, it is possible to be prepared, and a cashflow model could help you identify how. A cashflow model could help you visualise changes to your wealth A cashflow model is a powerful tool
- [6 in 10 over-45s are underestimating the cost of care by thousands of pounds](https://2020financialadvice.co.uk/6-in-10-over-45s-are-underestimating-the-cost-of-care-by-thousands-of-pounds/) - Brits could face a worrying shortfall if they need care later in life. A report from the Just Group (8 December 2025) suggests that 6 in 10 over-45s are underestimating the cost of a care home by thousands of pounds. Industry figures suggest average residential care home fees are almost £66,500 a year. However, 60%
- [The power of pension tax relief and how it could boost your retirement income](https://2020financialadvice.co.uk/the-power-of-pension-tax-relief-and-how-it-could-boost-your-retirement-income/) - If you’re saving for retirement, you will want to get the most out of what you’re putting into your workplace or private pension. Fortunately, there are plenty of tax efficiencies when you save your wealth into a pension. Indeed, any investment returns generated within your fund are typically free from Income Tax and Capital Gains
- [What you can learn from Michael Sheen about spending with purpose](https://2020financialadvice.co.uk/what-you-can-learn-from-michael-sheen-about-spending-with-purpose/) - Spending money with purpose could improve your wellbeing. With International Day of Happiness taking place on 20 March 2026, now is the perfect time to think about how you want to use your wealth in a meaningful way, taking inspiration from renowned actor Michael Sheen. Often, people think about financial planning as a way to
- [3 insights from the FTSE 100’s performance that could help you curb impulsive decisions](https://2020financialadvice.co.uk/3-insights-from-the-ftse-100s-performance-that-could-help-you-curb-impulsive-decisions/) - Despite ups and downs throughout the year, 2025 proved to be a great year for the FTSE 100 – an index of the 100 largest companies listed on the London Stock Exchange. According to the Guardian (31 December 2025), the FTSE 100 increased in value by a fifth in 2025, marking the strongest annual gain
- [5 ways to emotionally recover from past financial mistakes](https://2020financialadvice.co.uk/5-ways-to-emotionally-recover-from-past-financial-mistakes/) - Mistakes, financial or otherwise, are a part of life, and it’s normal to make them from time to time. While mistakes can be frustrating, moving past them is important. Holding onto mistakes and letting them dictate the decisions you make now could cause problems. For example, feeling embarrassed about a financial mistake could lead you
- [The new year financial resolution you will keep](https://2020financialadvice.co.uk/the-new-year-financial-resolution-you-will-keep/) - This guest blog was written by Chris Budd, who wrote the original Financial Wellbeing Book as well as The Four Cornerstones of Financial Wellbeing. He founded the Institute for Financial Wellbeing and has written more than 100 episodes of the Financial Wellbeing Podcast. The new year is a time when we take a moment to
- [How fiscal drag could harm your finances as the government extends tax freezes](https://2020financialadvice.co.uk/how-fiscal-drag-could-harm-your-finances-as-the-government-extends-tax-freezes/) - When chancellor Rachel Reeves delivered the Budget in November 2025, you might have breathed a sigh of relief that Income Tax rates weren’t increasing. However, fiscal drag could still harm your finances over the long term. Fiscal drag occurs when tax thresholds aren’t increased in line with wages or inflation, and is sometimes dubbed a
- [How much should you contribute to your pension?](https://2020financialadvice.co.uk/how-much-should-you-contribute-to-your-pension/) - A third of people don’t know how much they need to contribute to their pensions every year to create a comfortable retirement, according to a MoneyAge article (11 November 2025). Striking the right balance with pension contributions is important. Contribute too little, and you could leave yourself short in retirement. If you contribute as much
- [Why retirement has a language problem and how to change the narrative](https://2020financialadvice.co.uk/why-retirement-has-a-language-problem-and-how-to-change-the-narrative/) - Language is powerful. The words you use to describe different scenarios can change how you perceive events, and the language used for retirement could lead to a pessimistic outlook. Writing in an article for Saga, lexicographer Susie Dent explains that in English, “retire” has its roots in a Latin word meaning “to withdraw”. This can
- [The financial biases shaping the AI stock boom](https://2020financialadvice.co.uk/the-financial-biases-shaping-the-ai-stock-boom/) - AI adoption has rapidly increased in recent years, and it has affected the stock prices of businesses operating in the sector. Find out more about the financial biases that could be driving this boom. The rise of Nvidia, which provides essential hardware and software for AI development, demonstrates the scale of the AI boom. In
- [Gifting to reduce an Inheritance Tax bill? Here are 5 things to check first](https://2020financialadvice.co.uk/gifting-to-reduce-an-inheritance-tax-bill-here-are-5-things-to-check-first/) - In the Autumn Budget 2025, the chancellor announced that Inheritance Tax (IHT) thresholds would remain frozen for a further year, until 2031. Upcoming changes will also see unused pensions included in an estate for IHT purposes for the first time from April 2027. These measures could see estates facing a larger IHT liability, or coming
- [2 reasons to combine your financial plan with your partner’s](https://2020financialadvice.co.uk/2-reasons-to-combine-your-financial-plan-with-your-partners/) - Love is in the air with Valentine’s Day just around the corner. Amid planning romantic gestures, thinking about combining your financial plan with your partner’s could be valuable. Talking about finances might seem too practical for a day that’s about celebrating love. Yet, it could support your relationship. Here are two reasons why you might
- [5 important lessons you could take from Ed Sheeran’s estate plan](https://2020financialadvice.co.uk/5-important-lessons-you-could-take-from-ed-sheerans-estate-plan/) - Musician Ed Sheeran is unlikely to be the first person you think of when you want estate planning advice, but it’s something he’s spoken about recently. Read on to discover five important lessons you could take from his approach. The chart-topper appeared on The Graham Norton Show (9 November 2025) and spoke about his decision
- [How to give gifts that could keep on giving – just like Christmas number ones](https://2020financialadvice.co.uk/how-to-give-gifts-that-could-keep-on-giving-just-like-christmas-number-ones/) - Savvy singers and songwriters can generate an annual income by releasing a Christmas hit. As you shop for loved ones, consider giving a gift that will continue to give value over time. Many Christmas songs are replayed every year. Indeed, songs you’ve listened to this year can evoke nostalgic childhood Christmas memories. For the artists
- [5 interesting insights from the investment market in 2025](https://2020financialadvice.co.uk/5-interesting-insights-from-the-investment-market-in-2025/) - The last 12 months have been interesting for investors, with the market experiencing volatility. Read on to discover valuable insights from 2025. 1. Many markets have performed well despite volatility If you simply read the headlines from 2025, you might think the markets performed poorly. Worries about high inflation, trade tariffs, and sluggish economic growth
- [Explained: The new Cash ISA rules and what they mean for your savings](https://2020financialadvice.co.uk/explained-the-new-cash-isa-rules-and-what-they-mean-for-your-savings/) - In the November 2025 Budget, the chancellor revealed new Cash ISA rules that will affect under-65s. The change could affect your savings and wider financial plan. ISAs provide a tax-efficient way to save and invest, making them an essential part of many financial plans. In 2025/26, you can add up to £20,000 to ISAs and
- [How cashflow planning turns numbers into possibilities](https://2020financialadvice.co.uk/how-cashflow-planning-turns-numbers-into-possibilities/) - When you’re making financial decisions, it can feel like you’re faced with indecipherable numbers. You might know how much you have in your bank account or pension, but what does the figure mean for your future? Cashflow planning can help turn the numbers into possibilities. If you feel uncertain about your future after looking at
- [Why your most important goals could trigger financial bias](https://2020financialadvice.co.uk/why-your-most-important-goals-could-trigger-financial-bias/) - Biases affect how you act, and the personal goals you’re working towards could distort how you perceive risk, rewards, and information. Indeed, the more important the goal is to you, the more likely it is that bias occurs. Being aware of when bias might occur – and what might trigger it – could help identify
- [3 steps you can take to financially prepare for illness](https://2020financialadvice.co.uk/3-steps-you-can-take-to-financially-prepare-for-illness-2/) - The arrival of the colder months means preparing for Christmas, thinking about your new year resolutions, and planning to battle illnesses. Whether you're ill for a few days or you’re diagnosed with a long-term condition, needing to take time off work can have a financial impact. While you can’t predict when you’ll fall ill, there
- [The difficult but important estate planning conversations to have with your family](https://2020financialadvice.co.uk/the-difficult-but-important-estate-planning-conversations-to-have-with-your-family/) - An estate plan sets out how you’d like your assets to be managed and distributed during your life and when you pass away. It often involves thinking about difficult topics, such as your funeral preferences or who you’d like to receive heirloom possessions. Once you’ve created an estate plan, it can be tempting to put
- [3 valuable ways to create a guaranteed income in retirement](https://2020financialadvice.co.uk/3-valuable-ways-to-create-a-guaranteed-income-in-retirement/) - According to a September 2025 Financial Planning Today article, 39% of people say a guaranteed income is their main priority in retirement. Knowing how much income you’ll receive from certain sources can provide the certainty you need to enjoy retirement with greater confidence. There are several ways you might create a guaranteed income in retirement
- [Pension v Lifetime ISA: What’s the best way to save for your retirement?](https://2020financialadvice.co.uk/pension-v-lifetime-isa-whats-the-best-way-to-save-for-your-retirement/) - When you start searching for the best ways to build a retirement fund, private pensions might be the first option that comes to mind. However, they’re not the only way you can prepare for your life after work. An alternative is the Lifetime ISA (LISA) – a government-backed savings account. While you might assume you
- [Why successful investing starts with your mindset, not the markets](https://2020financialadvice.co.uk/why-successful-investing-starts-with-your-mindset-not-the-markets/) - What’s the most important factor affecting the performance of your investments? Your mind might jump to the ups and downs of the market, and they do have an effect. When share prices rise, so too will the value of your portfolio. However, the markets aren’t the starting point of a successful investment: your mindset is.
- [3 steps you can take to financially prepare for illness](https://2020financialadvice.co.uk/3-steps-you-can-take-to-financially-prepare-for-illness/) - When you consider how bias might affect your financial decisions, it’s often the harmful outcomes that come to mind. However, there are ways you can leverage certain biases, including framing bias, to your advantage. Framing bias refers to the tendency for how information is presented to influence your perception or decisions. For instance, if you
- [3 reasons why pension consolidation could boost your retirement income](https://2020financialadvice.co.uk/3-reasons-why-pension-consolidation-could-boost-your-retirement-income/) - Increasingly, UK savers are losing track of their pensions. In October 2024, research by Pensions UK found that the total value of lost pension pots had risen by 60% since 2018. Losing track of your pensions can be costly. Across the 3.3 million pension pots considered lost, the average fund value is £9,470 – rising
- [3 reasons why your financial protection claim could be rejected](https://2020financialadvice.co.uk/3-reasons-why-your-financial-protection-claim-could-be-rejected/) - Many people wrongly assume that financial protection rarely pays out. While this is untrue, there are times when claims are rejected, and there might be steps you can take to reduce the chance of it happening. Financial protection is a type of insurance that pays out when certain conditions are met. For example, income protection
- [3 steps you can take to create a charitable legacy](https://2020financialadvice.co.uk/3-steps-you-can-take-to-create-a-charitable-legacy/) - Leaving a legacy to charity in your will is a great way to support the causes that are close to your heart. It can also serve as a thank you for the support you, a loved one, or even a pet received during your lifetime. Charities greatly rely upon this income. Today’s Wills and Probate
- [£48,000 was lost to pension fraud every day in 2024](https://2020financialadvice.co.uk/48000-was-lost-to-pension-fraud-every-day-in-2024/) - In September 2025, Action Fraud warned pension savers must remain vigilant as more than £17.5 million was lost to pension fraud in 2024 – roughly £48,000 every single day. Read on to find out how scammers could try to get their hands on your retirement savings, and the warning signs to watch out for. While
- [How a cashflow model can turn retirement anxiety into excitement](https://2020financialadvice.co.uk/how-a-cashflow-model-can-turn-retirement-anxiety-into-excitement/) - Retiring should be a milestone you look forward to. It’s a chance to spend your time how you want and do the things you’ve been putting off because work has been in the way. Yet, sadly, research shows UK adults associate spending their retirement savings with negative words, and it could prevent them from enjoying
- [What footballer Kevin Keegan tells us about retirement planning](https://2020financialadvice.co.uk/what-footballer-kevin-keegan-tells-us-about-retirement-planning/) - This guest blog was written by Chris Budd, who wrote the original Financial Wellbeing Book as well as The Four Cornerstones of Financial Wellbeing. He founded the Institute for Financial Wellbeing and has written more than 100 episodes of the Financial Wellbeing Podcast. For most people, retiring is a goal. Pick an age, create a
- [6 incredible UK restaurants with tasting menus you’ll remember](https://2020financialadvice.co.uk/6-incredible-uk-restaurants-with-tasting-menus-youll-remember/) - Tasting menus are a great alternative to a traditional à la carte menu, giving diners the opportunity to try a little bit of a lot of dishes. They can take away the quandary of what to order, or the disappointment of wishing you’d had something different. The premise of this type of menu is a
- [“Unrealistic” expectations could lead to long-term disappointment for investors](https://2020financialadvice.co.uk/unrealistic-expectations-could-lead-to-long-term-disappointment-for-investors/) - Investment returns significantly affect what you can achieve in your long-term plans. Naturally, you want the highest possible returns, but research shows many investors have “unrealistic” expectations. According to a July 2025 article in Financial Planning Today, the average UK investor expects annual investment returns of 9.2%. With 91% of investors stating they have a
- [Don’t have a will? Here’s how your estate would be distributed under intestacy rules](https://2020financialadvice.co.uk/dont-have-a-will-heres-how-your-estate-would-be-distributed-under-intestacy-rules/) - A June 2025 article by Today’s Wills & Probate revealed a 25% rise in people dying without a valid will between 2020/21 and 2023/24. If writing your will is something you haven’t tackled yet, it could mean your assets are distributed in a way that doesn’t align with your wishes. If you die without a
- [How pension and Inheritance Tax policy changes could affect your legacy](https://2020financialadvice.co.uk/how-pension-and-inheritance-tax-policy-changes-could-affect-your-legacy/) - From April 2027, pensions are expected to fall within your estate and could be liable for Inheritance Tax (IHT). That date might seem far away, but the policy change has the potential to significantly affect your estate plan, so thinking about it now could be useful. While the policy change is still in the initial
- [Why the Labour government could reform the State Pension and what it means for you](https://2020financialadvice.co.uk/why-the-labour-government-could-reform-the-state-pension-and-what-it-means-for-you/) - Almost half of Brits doubt the State Pension will exist by the time they retire, according to a PensionsAge report published in July 2025. While scrapping the State Pension may not be on the cards yet, there are suggestions that significant changes, which may affect your retirement, could be introduced. In 2025/26, the full new
- [How to channel your inner Agatha Christie to demystify your retirement plan](https://2020financialadvice.co.uk/how-to-channel-your-inner-agatha-christie-to-demystify-your-retirement-plan/) - There are times when a gripping mystery that keeps you guessing is exactly what you need, but retirement planning isn’t one of them. Instead, channelling your inner detective to solve pension riddles could put you on the right path for a comfortable retirement without needing to guess what’s around the corner. Agatha Christie’s famous detectives,
- [4 methods for tax-efficiently supporting charities](https://2020financialadvice.co.uk/4-methods-for-tax-efficiently-supporting-charities/) - Supporting a charity could give you that feel-good factor and provide a sense of purpose. When you’re looking at the benefits from a tax perspective, it might make financial sense in some circumstances too. Indeed, according to a June 2025 article published by Professional Adviser, more people are leaving a charitable legacy in their will
- [Think cash is king? It might be time to review your mantra](https://2020financialadvice.co.uk/think-cash-is-king-it-might-be-time-to-review-your-mantra/) - Cash can be comforting. It’s familiar, it’s accessible, and it’s tangible. But while cash savings can be part of a well-balanced financial plan, they’re not always the best-performing asset. Data shows that many UK adults are reluctant to depart from cash. In an update reported by MoneyWeek, the Financial Conduct Authority (FCA) reported that 61%
- [Does your income make you a “Henry”? Here are some ways it could affect tax considerations](https://2020financialadvice.co.uk/does-your-income-make-you-a-henry-here-are-some-ways-it-could-affect-tax-considerations/) - High earners striving to build wealth, dubbed “Henrys” (high earner, not rich yet), may find their tax position changes drastically as their income grows. Being aware of your tax liability now and in the future could allow you to create a financial plan that helps you get more out of your money by potentially reducing
- [The decumulation dilemmas you might need to overcome when you retire](https://2020financialadvice.co.uk/the-decumulation-dilemmas-you-might-need-to-overcome-when-you-retire/) - One of the retirement challenges many people face is how to handle wealth decumulation. During your working life, you’re typically working to increase your wealth, and this usually shifts as you enter retirement. So, if you’re retired or are nearing the milestone, read on to find out more about decumulation dilemmas and how you might
- [The power of visualising your wealth: From cloth to cashflow modelling](https://2020financialadvice.co.uk/the-power-of-visualising-your-wealth-from-cloth-to-cashflow-modelling/) - Understanding where your wealth is coming from and how you’re using it could help you make more informed decisions. However, as so many assets are intangible, having a clear picture of your wealth can be difficult. Finding ways to visualise all your assets is often useful, and something people have been doing for centuries. When
- [How to remain calm amid Autumn Budget speculation](https://2020financialadvice.co.uk/how-to-remain-calm-amid-autumn-budget-speculation/) - The importance of remaining calm is often something that’s talked about when discussing investment market volatility. But there are other factors outside of your control that might lead to emotional decision-making, including uncertainty about the upcoming Autumn Budget. Chancellor Rachel Reeves is expected to deliver an Autumn Budget at the end of October. Despite being
- [5 powerful Warren Buffett lessons that could benefit ordinary investors](https://2020financialadvice.co.uk/5-powerful-warren-buffett-lessons-that-could-benefit-ordinary-investors/) - After more than five decades at the helm of Berkshire Hathaway, legendary investor Warren Buffett has announced he’s retiring at the age of 94. He’s credited with turning the failing textile maker into a successful holding company. In May 2025, the BBC estimated Berkshire Hathaway was worth $1.16 trillion (£870 billion). Considered by many to
- [5 valuable reasons to consult a solicitor when writing your will](https://2020financialadvice.co.uk/5-valuable-reasons-to-consult-a-solicitor-when-writing-your-will/) - Writing your will should give you confidence that your assets will be distributed in line with your wishes when you pass away. Yet, for an increasing number of people, this might not be the case as they overlook the value of working with a professional. You don’t need to use a solicitor when writing your
- [The age you can access your pension may rise. Could it affect your retirement?](https://2020financialadvice.co.uk/the-age-you-can-access-your-pension-may-rise-could-it-affect-your-retirement/) - In April 2028, the age you can usually access your pension, known as the “normal minimum pension age” (NMPA), will rise from 55 to 57. So, if you hope to retire at 55, you might need to update your retirement plan. Even if your planned retirement date seems far away, creating a plan now could
- [How to prepare your loved ones for the “great wealth transfer”](https://2020financialadvice.co.uk/how-to-prepare-your-loved-ones-for-the-great-wealth-transfer/) - Passing on your wealth to loved ones could transform their lives and mean they have more opportunities in the future. However, to get the most out of the “great wealth transfer”, younger generations need to be prepared to manage their inheritance. According to September 2024 data from Vanguard, it’s estimated $18.3 trillion (£13.45 trillion) in
- [Why you don’t need to experience a financial shock to benefit from a safety net](https://2020financialadvice.co.uk/why-you-dont-need-to-experience-a-financial-shock-to-benefit-from-a-safety-net/) - You might think of a financial safety net as something only useful when you face a shock, like an unexpected bill or being unable to earn an income. However, when you look at the wellbeing benefits, you might be surprised by how valuable it is even when your plans are on track. A financial safety
- [Why “boring” investments could be exciting long term](https://2020financialadvice.co.uk/why-boring-investments-could-be-exciting-long-term/) - Opting for a “boring” investment strategy could be the route to returns that allow you to make exciting lifestyle decisions in the future. If you’re looking for excitement in your investments, read on to find out why that approach could lead to disappointments. The media can make investing seem exciting When you’re reading financial headlines,
- [Could Labour break a “50-year tax taboo” to cut borrowing?](https://2020financialadvice.co.uk/could-labour-break-a-50-year-tax-taboo-to-cut-borrowing/) - A recent article published by an influential think tank, the Institute for Fiscal Studies (IFS), has suggested that the Labour government should consider increasing the basic rate of Income Tax in order to boost revenue and curb the amount of money it has to borrow. Doing this would break a so-called “taboo” as no chancellor
- [How to use the “gifting from income” rule to reduce your estate’s Inheritance Tax bill](https://2020financialadvice.co.uk/how-to-use-the-gifting-from-income-rule-to-reduce-your-estates-inheritance-tax-bill/) - According to a Citywire report, forecasts from the Office for Budget Responsibility (OBR) suggest the amount of Inheritance Tax (IHT) paid to HMRC will have increased by 11.6% in 2024/25 compared to 2023/24. This will mean that the total amount of IHT paid in the 2024/25 financial year will have reached a record high of
- [The Thursday Murder Club’s guide to retiring well](https://2020financialadvice.co.uk/the-thursday-murder-clubs-guide-to-retiring-well/) - Richard Osman’s books about the Thursday Murder Club, a team of detective octogenarians, have sold millions of copies, and the team are set to hit the small screen in August. But Elizabeth, Ron, Joyce, and Ibrahim aren’t just providing entertainment; they could offer valuable retirement lessons as well. But don’t panic – solving murders in
- [The simple step that could boost your annuity income in retirement](https://2020financialadvice.co.uk/the-simple-step-that-could-boost-your-annuity-income-in-retirement/) - You’ve likely spent years preparing for retirement and envisioning the lifestyle you’d like to enjoy once work is officially behind you. You might have even accumulated a significant pension pot through careful planning to help support this dream lifestyle. As you explore some of the different ways to draw an income from your retirement fund,
- [Why defining “financial freedom” could help you achieve it](https://2020financialadvice.co.uk/why-defining-financial-freedom-could-help-you-achieve-it/) - Achieving “financial freedom” is an aspiration many people have. Yet, it can mean different things to each person and is influenced by other lifestyle goals, so defining how to measure it for you could help you turn it into a reality. Securing financial freedom so you can retire with confidence is a common goal. A
- [How technology could be harming your investment decisions](https://2020financialadvice.co.uk/how-technology-could-be-harming-your-investment-decisions/) - Technology has made it easier than ever to invest and review the performance of your portfolio. Yet, it could also be harming your decision-making skills and the way you approach managing your finances. Understanding when and how technology has the potential to negatively affect your investments could mean you’re better able to spot and then
- [5 shrewd ways to avoid paying tax on your savings](https://2020financialadvice.co.uk/5-shrewd-ways-to-avoid-paying-tax-on-your-savings/) - 24% of people think all their savings are tax-free, according to a Lloyds Bank survey carried out in February 2025. However, they could be in for an unexpected shock, as the interest earned on savings might be liable for Income Tax. The good news is, there are often ways to reduce a potential tax bill
- [Why the best legacy could be passing on your financial wisdom](https://2020financialadvice.co.uk/why-the-best-legacy-could-be-passing-on-your-financial-wisdom/) - If you want to help younger generations, passing on this pearl of wisdom could be key – start saving for your future as soon as possible. Many people think about their legacy when setting out their long-term goals. You may have considered gifting during your lifetime or how you’d like assets to be distributed after
- [4 useful insights from a decade of Pension Freedoms](https://2020financialadvice.co.uk/4-useful-insights-from-a-decade-of-pension-freedoms/) - A decade ago, the introduction of Pension Freedoms shook up retirement planning and gave retirees more options than ever. Before 2015, if you had a defined contribution (DC) pension, the common route was to use the money accumulated to purchase an annuity. The annuity would then provide you with a regular income, usually for the
- [The surprising money lesson you could discover in the pages of The Great Gatsby](https://2020financialadvice.co.uk/the-surprising-money-lesson-you-could-discover-in-the-pages-of-the-great-gatsby/) - Whether you analysed the text in school or have watched the film, you’ll no doubt be familiar with the tantalising story of Jay Gatsby. Indeed, 100 years after The Great Gatsby was first published, it’s still synonymous with the hedonism of the Jazz Age in New York City in the 1920s, from lavish parties to
- [Why investor fear and anxiety play a role in market volatility](https://2020financialadvice.co.uk/why-investor-fear-and-anxiety-play-a-role-in-market-volatility/) - 2025 has already been eventful for investors. Many factors are influencing market volatility, and one cause you might have overlooked is the emotions of investors. Read on to find out why fear and anxiety might lead to the value of investments falling. US president Donald Trump entered the White House for a second term in
- [Key financial planning challenges couples face and how we could solve them](https://2020financialadvice.co.uk/key-financial-planning-challenges-couples-face-and-how-we-could-solve-them/) - Creating a financial plan can seem complicated, especially if you need to take into account your partner’s views, assets, and goals. At times, you might have conflicting ideas about what is “right” and it can be a difficult situation to navigate. Working with a financial planner as a couple could help you overcome some of
- [4 reasons to remain calm amid market volatility and uncertainty](https://2020financialadvice.co.uk/4-reasons-to-remain-calm-amid-market-volatility-and-uncertainty/) - Geopolitical tensions have led to a bumpy start to 2025 for investors. If you’re worried about volatility and what it might mean for your long-term finances, there are reasons to remain calm despite the uncertainty. The ongoing war in Ukraine has resulted in some anxiety in Europe, with the UK and other countries committing to
- [Why you should make registering a Lasting Power of Attorney a priority](https://2020financialadvice.co.uk/why-you-should-make-registering-a-lasting-power-of-attorney-a-priority/) - Data released by Scotland’s largest health board has highlighted the potential challenges families could face if a loved one doesn’t have a Power of Attorney in place. According to a BBC report, in NHS Greater Glasgow and Clyde, a third of patients who are delayed getting out of hospital are stuck because they don’t have
- [Half of adults reconsidering their retirement plans ahead of 2027 Inheritance Tax changes](https://2020financialadvice.co.uk/half-of-adults-reconsidering-their-retirement-plans-ahead-of-2027-inheritance-tax-changes/) - An incoming change to the way pensions will be taxed when they’re inherited might mean you’re rethinking how you use your pension. Before you dive into updating your retirement plan, it’s important to understand what the changes could mean for you and how to balance passing on wealth with your retirement aspirations. During the Autumn
- [5 strategies that could help you avoid running out of money in retirement](https://2020financialadvice.co.uk/5-strategies-that-could-help-you-avoid-running-out-of-money-in-retirement/) - Worrying about your finances in retirement could dampen your excitement as you start the next chapter of your life. As you’ll often be responsible for generating your own income once you give up work, it’s not surprising that a February 2025 report from Which? revealed half of over-55s are worried about running out of money.
- [How much do you need to be “wealthy”?](https://2020financialadvice.co.uk/how-much-do-you-need-to-be-wealthy/) - Wealth is often associated with financial abundance. However, when you look at the things that bring you joy and give you purpose, it might not be the value of your assets. Indeed, a February 2025 report from HSBC suggests the younger generation is less likely to define wealth by how much they have in the
- [4 tricks that could help you curb potentially harmful impulses](https://2020financialadvice.co.uk/4-tricks-that-could-help-you-curb-potentially-harmful-impulses/) - Everyone has made an impulsive financial decision that they end up regretting later. While these hasty decisions might feel right when you initially make them, they have the potential to harm your long-term finances. Some impulsive decisions might have little effect on your overall financial wellbeing. For example, picking up a treat when you’re grocery
- [Average Brit takes risk by delaying life insurance decision by 10 months](https://2020financialadvice.co.uk/average-brit-takes-risk-by-delaying-life-insurance-decision-by-10-months/) - While it’s important to weigh up your options before making financial decisions, a study suggests families are leaving themselves open to risk because they delay making a judgement about life insurance. According to a January 2025 report from the Post Office, the average Brit takes more than 10 months to sort out life insurance, and
- [Is a lack of investing culture holding back the UK’s wealth potential?](https://2020financialadvice.co.uk/is-a-lack-of-investing-culture-holding-back-the-uks-wealth-potential/) - An interesting January 2025 report from Abrdn suggests culture could affect your financial decisions more than you think. Indeed, a lack of investing culture in the UK was linked to a relatively small portion of personal wealth being invested in equities when compared to other G7 nations, which could limit wealth potential. The research looks
- [6 estate planning lessons you could learn from the Murdoch family dispute](https://2020financialadvice.co.uk/6-estate-planning-lessons-you-could-learn-from-the-murdoch-family-dispute/) - The Murdoch family’s messy dispute over who will retain control of Rupert Murdoch’s media empire when he passes away has been grabbing headlines. While your affairs might not be in the spotlight, the case offers some useful insight into how to avoid family disputes. Following his second divorce in 1999, Rupert Murdoch established a trust
- [How to reduce your Capital Gains Tax bill in 2025](https://2020financialadvice.co.uk/how-to-reduce-your-capital-gains-tax-bill-in-2025/) - A combination of rising rates and panic ahead of the current government’s first Autumn Budget has led to HRMC collecting a record amount in Capital Gains Tax (CGT) towards the end of 2024. According to a report in the Telegraph dated December 2024, between July and November 2024, CGT generated more than £1 billion for
- [3 retirement financial shocks that could affect your finances](https://2020financialadvice.co.uk/3-retirement-financial-shocks-that-could-affect-your-finances/) - Those who have retired or are nearing the milestone are consistently overlooking the risk of financial shocks when compared to other generations, a survey published in PensionsAge in December 2024 suggests. According to the report, 43% of over-50s had thought about financial shocks but not included the risks in their retirement plan. A further 32%
- [How to practice mindfulness when managing your money](https://2020financialadvice.co.uk/how-to-practice-mindfulness-when-managing-your-money/) - How you approach managing your finances could affect your ability to reach long-term goals. The Japanese spending philosophy “kakeibo” could help you practice financial mindfulness and get more out of your assets. Spending money without thinking about how it’ll affect your long-term finances could mean you miss opportunities to secure the lifestyle you want. On
- [Looking beyond the numbers when using a cashflow model](https://2020financialadvice.co.uk/looking-beyond-the-numbers-when-using-a-cashflow-model/) - A cashflow model is a valuable tool that lets you understand how the value of your estate and individual assets might change in the future. But, to get the most out of it, you need to look beyond the numbers. A cashflow model provides a graphical representation of all your assets, such as investments, property
- [5 ways financial planning could help you emotionally prepare for retirement](https://2020financialadvice.co.uk/5-ways-financial-planning-could-help-you-emotionally-prepare-for-retirement/) - While financial challenges often come up when those nearing retirement are asked about their concerns, emotional obstacles could be just as important. A financial plan might include looking at areas like your pensions and investments, but it could help you emotionally prepare for retirement as well. Here are five ways a financial plan could improve
- [Job hopping could be the key to boosting your retirement income](https://2020financialadvice.co.uk/job-hopping-could-be-the-key-to-boosting-your-retirement-income/) - The secret to saving more for your retirement could be regularly switching jobs, figures suggest. In fact, according to FTAdviser in November 2024, those who frequently take new career opportunities have more saved for retirement. For many workers, gone are the days of a job for life. Instead, employees are switching jobs more frequently than
- [How financial protection may support your wellbeing if you face treatment delays](https://2020financialadvice.co.uk/how-financial-protection-may-support-your-wellbeing-if-you-face-treatment-delays/) - A study suggests that thousands of cancer patients in the UK are affected by delayed treatment. It could harm their overall wellbeing. Considering potential health risks as part of your financial plan might mean that if you’re diagnosed with an illness, you have more options and reduce other stresses at an already difficult time. While
- [Is your estate worth more than £2 million? Your Inheritance Tax liability could be higher than you expect](https://2020financialadvice.co.uk/is-your-estate-worth-more-than-2-million-your-inheritance-tax-liability-could-be-higher-than-you-expect/) - Often dubbed the “most hated tax” in the media, Inheritance Tax (IHT) is a tax on your estate when you pass away, which could reduce how much you leave behind for family and friends. If your estate is worth more than £2 million, the potential IHT bill might be higher than you expect. Read on
- [How “snowballing” your investments could boost your long-term returns](https://2020financialadvice.co.uk/how-snowballing-your-investments-could-boost-your-long-term-returns/) - “Snowballing” could help your money grow at a faster pace when you’re investing over a long-term time frame. Imagine you’ve made a snowball and you’re rolling it through more snow – it’ll increase in size at a faster and faster rate as the surface area grows. The same principle may apply when you’re investing thanks
- [How to pass on assets to vulnerable family members](https://2020financialadvice.co.uk/how-to-pass-on-assets-to-vulnerable-family-members/) - When creating an estate plan, there might be people you want to pass wealth to but they’re not in a position to manage their finances. Using a trust could provide a way to leave a vulnerable loved one assets and feel confident they’ll be effectively managed. Trusts aren’t used as commonly as other ways to
- [How do you become an ISA millionaire? Investment returns could be key](https://2020financialadvice.co.uk/how-do-you-become-an-isa-millionaire-investment-returns-could-be-key/) - The number of people with at least a million pounds in their ISAs is on the rise. If you want to join their ranks, consistency and investing could be key. An ISA is a tax-efficient way to save or invest. The interest or investment returns added to your ISA won’t be liable for Income Tax
- [3 important variables that could affect your sustainable pension withdrawal rate](https://2020financialadvice.co.uk/3-important-variables-that-could-affect-your-sustainable-pension-withdrawal-rate/) - Retirement is an exciting milestone, with more free time to dedicate to the things you enjoy. Yet, it can also be a daunting time, especially when it comes to managing your finances. Flexi-access drawdown is a popular way to access your pension savings as it provides flexibility and means you’re in control of your income.
- [Fiscal drag: How threshold and allowance freezes affect you](https://2020financialadvice.co.uk/fiscal-drag-how-threshold-and-allowance-freezes-affect-you/) - Despite intense speculation that the Labour government would slash tax allowances and exemptions, many are set to remain the same in the 2025/26 tax year. While that might seem like something to celebrate, fiscal drag could mean your tax liability increases in real terms. To maintain allowances and exemptions in real terms, the government would While the Labour government hasn’t increased Income Tax, freezing the Personal Allowance and thresholds will mean millions of people will pay more in tax. Find out what fiscal drag is and why it might affect you.
- [Research: Financial stability could be the key to retirement happiness](https://2020financialadvice.co.uk/research-financial-stability-could-be-the-key-to-retirement-happiness/) - While the saying might be “money can’t buy happiness”, research suggests that financial stability certainly plays a role in your overall wellbeing. In retirement, when you’re no longer earning a salary, finding a way to create financial stability could be a vital part of building a lifestyle that allows you to enjoy the next stage
- [Why building emotional resilience could improve your finances](https://2020financialadvice.co.uk/why-building-emotional-resilience-could-improve-your-finances/) - Emotions can affect how you feel about different scenarios and your response to them, including when you’re making financial decisions. Improving your emotional resilience could mean you’re better equipped to handle stressful situations. Read on to discover why and how it might support your financial goals. Emotional resilience simply refers to your ability to adapt Emotional resilience could mean you’re better prepared to handle stressful situations, including financial ones. So, discover some steps you may take to improve your financial resilience.
- [Research: The perils of chasing stock market “winners”](https://2020financialadvice.co.uk/research-the-perils-of-chasing-stock-market-winners/) - Following the stocks and shares that have experienced impressive returns can seem like fun and a way to make the most out of your investments. Yet, a study indicates that following the crowd and investing in companies that are being hyped in the press or among investors could mean you miss out on growth opportunities
- [The pros and cons of choosing joint life insurance](https://2020financialadvice.co.uk/the-pros-and-cons-of-choosing-joint-life-insurance/) - If you and your partner are considering taking out life insurance, one question you may want to answer is: Would single or joint life insurance be better suited to us? Life insurance is a type of financial protection that would pay out a lump sum if you passed away during the term. The payout would
- [How creating a care fund could provide you with essential protection later in life](https://2020financialadvice.co.uk/how-creating-a-care-fund-could-provide-you-with-essential-protection-later-in-life/) - Rising life expectancy is good news but it could present some challenges, including making provisions for potentially needing additional help later in life. A September 2024 Age UK report has highlighted how many people have unmet care needs and the lack of financial support from local authorities. So, if you haven’t already, creating a care Have you considered how you’d pay for care if you needed support later in life? Research suggests more people need some form of help and many must cover the costs themselves. Making a care fund part of your wider financial plan could offer you protection.
- [How to turn your child’s Christmas gifts into a nest egg](https://2020financialadvice.co.uk/how-to-turn-your-childs-christmas-gifts-into-a-nest-egg/) - Christmas is a magical time of year, especially for young children who will be eager to see what Santa has left them under the tree. Along with their gifts, your child may receive money that could be put towards long-term goals and milestones. It’s likely not just you who will be buying presents for your
- [How the A Christmas Carol ghosts could help you build an effective financial plan](https://2020financialadvice.co.uk/how-the-a-christmas-carol-ghosts-could-help-you-build-an-effective-financial-plan/) - Charles Dickens’ classic tale of Ebenezer Scrooge being visited by three ghosts in A Christmas Carol has been retold countless times. And there are some lessons about building an effective financial plan you could learn from the pages. Scrooge might not seem like a character you want to emulate, especially at the start of the
- [4 positive mindset changes that could boost your finances](https://2020financialadvice.co.uk/4-positive-mindset-changes-that-could-boost-your-finances/) - There are lots of factors that could affect your relationship with money. While habits and influences can be hard to break, that doesn’t mean you can’t change your mindset to boost your finances and work towards your goals. How you view money is often shaped by a complex range of factors, such as how finances Your mindset can alter the financial decisions you make and how you feel about money. So, encouraging a positive mindset could help you take control of and boost your finances. Discover four practical approaches you could take.
- [Proposed tax changes could lead to your private school bill jumping 20%](https://2020financialadvice.co.uk/proposed-tax-changes-could-lead-to-your-private-school-bill-jumping-20/) - If your child or grandchild attends private school, you might need to adjust your short- and long-term finances as costs could jump by around 20% if Labour moves ahead with plans to end VAT exemption. According to the House of Lords Library, around 6–7% of children in the UK are educated in independent schools –
- [The voice cloning AI scam you need to be aware of](https://2020financialadvice.co.uk/the-voice-cloning-ai-scam-you-need-to-be-aware-of/) - Artificial Intelligence (AI) is providing scammers with new ways to try and dupe you. One type of scam that’s on the rise that you should be aware of is “voice cloning”. Voice cloning uses AI technology to replicate the voice of a friend or family member. Fraudsters then use this to contact you to ask
- [Are your loved ones relying on an inheritance to reach life goals?](https://2020financialadvice.co.uk/are-your-loved-ones-relying-on-an-inheritance-to-reach-life-goals/) - Research suggests that a worrying number of families are putting off major life decisions until they receive an expected inheritance. It could place their long-term finances at risk, but talking to your loved ones may identify ways you could offer support. According to a September 2024 Canada Life survey, more than 1 in 5 UK
- [The pensions basics you need to know as a self-employed worker](https://2020financialadvice.co.uk/the-pensions-basics-you-need-to-know-as-a-self-employed-worker/) - As a self-employed worker, managing your finances can be more complex. One area you might have overlooked or be unsure where to start with is saving for your retirement. According to the House of Commons Library, there were 4.29 million self-employed workers in the UK between July and September 2024, and research indicates many don’t
- [5 smart reasons why retirement planning should start in your 30s and 40s](https://2020financialadvice.co.uk/5-smart-reasons-why-retirement-planning-should-start-in-your-30s-and-40s/) - If you’re working and contributing to your pension, you might think you don’t need to do any more retirement planning just yet. However, seeking retirement advice in your 30s and 40s could mean you’re in a better position when you’re ready to give up work. According to a survey published in IFA Magazine in September Just 5% of Brits aged between 35 and 44 have taken financial advice to help them prepare for retirement. While the milestone can seem a long way off in your 30s and 40s, planning now could be valuable and lead to greater financial freedom later in life.
- [2 key Budget announcements that may affect your financial plan](https://2020financialadvice.co.uk/2-key-budget-announcements-that-may-affect-your-financial-plan/) - Chancellor Rachel Reeves delivered the new Labour government’s first Budget on 30 October 2024. Amid the announcements were key changes to Capital Gains Tax (CGT) and Inheritance Tax (IHT) that could affect your financial plan. Ahead of the Budget, prime minister Keir Starmer said it would be “painful” as there was a £22 billion black
- [2 valuable types of financial protection to consider if you have a family](https://2020financialadvice.co.uk/2-valuable-types-of-financial-protection-to-consider-if-you-have-a-family/) - How would your family cope financially if you passed away? It may be a difficult question to consider, but it could also be an important one. Understanding the challenges your family could face may mean you’re able to identify steps to protect them, including taking out financial protection if appropriate. Financial protection is a type
- [Why inflation solutions should remain part of your long-term financial plan](https://2020financialadvice.co.uk/why-inflation-solutions-should-remain-part-of-your-long-term-financial-plan/) - High inflation has been a hot topic over the last couple of years, and as its pace stabilises, you might think it no longer needs to be part of your financial plan. Yet, skipping inflation when calculating your long-term finances could leave you with a shortfall. The government sets the Bank of England (BoE) a
- [Could a financial plan give you the confidence to retire sooner?](https://2020financialadvice.co.uk/could-a-financial-plan-give-you-the-confidence-to-retire-sooner/) - What’s stopping you from retiring sooner? For many, it’s not just finances that are holding them back but their mindset too. If the excitement of retiring is also mixed with nerves, a financial plan could give you the confidence boost you need to take a step back from work. Finances may play a role in
- [5 reassuring ways a financial plan could help you deal with life’s scares](https://2020financialadvice.co.uk/5-reassuring-ways-a-financial-plan-could-help-you-deal-with-lifes-scares/) - Halloween is just around the corner, but there’s more than ghouls and ghosts to be scared of. Sometimes, daily life can be just as frightful as the latest horror film. Here are five reassuring ways a financial plan could help you next time you encounter one of life’s scares. 1. A financial plan could help
- [3 insightful pieces of data that could help you remain calm during market volatility](https://2020financialadvice.co.uk/3-insightful-pieces-of-data-that-could-help-you-remain-calm-during-market-volatility/) - When you read that investment markets have fallen you might feel nervous or scared about the effect it could have on your future. Emotions like these sometimes lead to impulsive decisions that aren’t always in your best interest when you consider the long term. So, read on to discover some insightful pieces of data that If investment market volatility makes you feel nervous, it could lead to you making decisions that don’t align with your long-term financial plan. These three pieces of data demonstrate why taking a long-term view and remaining calm is often the best course of action.
- [How to join the pension treasure hunt and discover “lost” savings](https://2020financialadvice.co.uk/how-to-join-the-pension-treasure-hunt-and-discover-lost-savings/) - You could uncover “lost” pension savings and boost your retirement by tracking down old pots you might have forgotten about. Read on to find out why you might have lost pensions and how to rediscover them. 27 October 2024 marks National Pension Tracing Day and the campaign urges you to join the pension treasure hunt.
- [Study: Greater freedom means money can buy happiness](https://2020financialadvice.co.uk/study-greater-freedom-means-money-can-buy-happiness/) - A new study has disputed the saying “money can’t buy happiness”. In fact, the research suggests the opposite is true, money can buy happiness, but it isn’t as simple as accumulating as much wealth as possible. According to the Guardian in July 2024, a study from the University of Pennsylvania found a strong association between
- [The gender protection gap: Do you have enough cover?](https://2020financialadvice.co.uk/the-gender-protection-gap-do-you-have-enough-cover/) - Research suggests that women are less likely than men to take out income protection. This trend could mean women are more vulnerable to financial shocks and is a useful reminder to check how you’d cope if the unexpected happened. According to a 2024 report from Royal London, while women are more likely to manage everyday
- [Want to support your children through university? Here’s what you may want to consider](https://2020financialadvice.co.uk/want-to-support-your-children-through-university-heres-what-you-may-want-to-consider/) - Millions of students across the UK are preparing to head to university and pursue their educational goals. As a parent, you may feel proud as you help them pack up their belongings and move into their own space for the first time. Yet, you might also be worried about how they’ll cope financially or repay
- [5 practical questions to consider when you’re naming a Lasting Power of Attorney](https://2020financialadvice.co.uk/5-practical-questions-to-consider-when-youre-naming-a-lasting-power-of-attorney/) - Who you choose to act on your behalf if you lose mental capacity is an important decision. You want to select someone you trust and you feel confident could act in your best interest should you need them to. So, read on to discover five practical questions you might want to answer when you’re setting
- [How “lifestyle financial planning” could help you reach your goals](https://2020financialadvice.co.uk/how-lifestyle-financial-planning-could-help-you-reach-your-goals/) - Effectively managing your finances to get the most out of your assets often means going beyond paying into a pension regularly or selecting a fund to invest through. That’s why lifestyle financial planning could help you better align your finances with the life you want to lead now and in the future. Financial advice alone
- [How Do Financial Advisers Get Paid?](https://2020financialadvice.co.uk/how-do-financial-advisers-get-paid/) - Discover transparent financial advisor fees at 2020 Financial Advice. Learn how financial advisors get paid. Your guide to smart and fair financial planning.
- [Two-thirds of UK adults don’t have a will. Here’s how it could affect your legacy](https://2020financialadvice.co.uk/two-thirds-of-uk-adults-dont-have-a-will-heres-how-it-could-affect-your-legacy/) - Failing to set out your wishes in a will could mean your assets aren’t passed on to the loved ones you’d like to benefit from your estate. As a result, this could have a significant effect on your legacy. A will is one of the main ways to ensure your assets are passed on to
- [5 interesting figures that prove financial protection could provide a valuable safety net](https://2020financialadvice.co.uk/5-interesting-figures-that-prove-financial-protection-could-provide-a-valuable-safety-net/) - It’s a common misconception that financial protection doesn’t pay out when you need to make a claim. This belief might put you off using it to create a valuable safety net. Read on to discover some key figures that prove it could be a useful addition to your financial plan. Financial protection is a term
- [Why taking your pension as a lump sum could leave you with a huge tax bill](https://2020financialadvice.co.uk/why-taking-your-pension-as-a-lump-sum-could-leave-you-with-a-huge-tax-bill/) - Taking a lump sum out of your pension could provide you with more financial freedom. Yet, it could also land you with a large and unexpected tax bill. Read on to find out what you need to know about tax and withdrawing lump sums from your pension. Your pension withdrawals may be liable for Income
- [4 pragmatic ways your pension could create long-term security for you and your partner](https://2020financialadvice.co.uk/4-pragmatic-ways-your-pension-could-create-long-term-security-for-you-and-your-partner/) - Deciding how to sustainably access your pension is often a big decision. If you’re planning with a partner, you might have an added layer of complexity – how can you make sure they’d be financially secure if you pass away first? It may be a question that’s difficult to consider. Yet, if your finances are
- [Why tuning out political speculation may help you stick to your financial plan](https://2020financialadvice.co.uk/why-tuning-out-political-speculation-may-help-you-stick-to-your-financial-plan/) - In a historic victory, the Labour Party won a majority in the 4 July 2024 general election. After 14 years of Conservative government, you might be wondering what the change means for you and your financial plan. Since Keir Starmer took office, a day has barely passed without headlines speculating about the changes Labour will
- [How to boost your composure and reduce investing FOMO](https://2020financialadvice.co.uk/how-to-boost-your-composure-and-reduce-investing-fomo/) - Have you ever invested due to a fear of missing out (FOMO)? Fearing that you’ll overlook the next big opportunity to grow your wealth might lead you to take on more risk or increase your exposure to a particular area or sector. Read on to find out how to boost your composure next time you’re A fear of missing out (FOMO) may drive investment decisions that could increase how much risk you’re exposed to. Finding ways to maintain your composure is often an important investment skill. Discover some of the steps that could help you avoid acting based on investing FOMO.
- [The surprising effect your childhood has on your money mindset](https://2020financialadvice.co.uk/the-surprising-effect-your-childhood-has-on-your-money-mindset/) - Your relationship with money may play a huge role in how you handle financial decisions and your long-term security. Many factors affect your financial decisions, but you might be surprised by how much your childhood experiences still influence you today.The majority of parents recognise how important financial education is. Indeed, according to Nationwide in May Research suggests that your childhood may have a huge impact on your money mindset as an adult. Indeed, financial habits could be formed by the time you’re seven. While it can be difficult to change potentially harmful habits, it’s not impossible.
- [How “time travelling” as part of your financial plan could help you secure your goals](https://2020financialadvice.co.uk/how-time-travelling-as-part-of-your-financial-plan-could-help-you-secure-your-goals/) - Imagine you could time travel to understand how your financial decisions today might affect your lifestyle in 10 or 20 years. You may be in a better position to turn your goals into a reality. Read on to find out how working with a financial planner could give you a glimpse into the future.Time travel
- [78% of retirees could be missing out on investment returns by accessing their pension early](https://2020financialadvice.co.uk/78-of-retirees-could-be-missing-out-on-investment-returns-by-accessing-their-pension-early/) - According to research from Scottish Widows, published in May 2024, more than three-quarters of retirees could be missing out on potential investment returns by accessing their pension before their retirement date. Understanding the implications of withdrawing money from your pension could help you to make a decision that’s right for you.Read on to find out
- [Why the “4% rule” could put your retirement finances at risk](https://2020financialadvice.co.uk/why-the-4-rule-could-put-your-retirement-finances-at-risk/) - When you’re accessing your pension, it’s important to consider the sustainability of your withdrawals. You might have heard of the “4% rule”, which provides a seemingly simple way to calculate how much you can access each year. However, for modern retirees, applying this rule to your pension could be risky.The 4% rule was first articulated
- [Higher-rate taxpayers: Beware of the 60% tax trap](https://2020financialadvice.co.uk/higher-rate-taxpayers-beware-of-the-60-tax-trap/) - The tapering of the Personal Allowance means some higher- and additional-rate taxpayers effectively pay an Income Tax rate of 60%, sometimes without realising. Fortunately, if you’re affected, there could be ways to reduce your tax bill.A March 2024 report in the Telegraph suggests 1.35 million workers were affected by the 60% tax trap in 2023/24.
- [How to use life insurance to cover a future Inheritance Tax bill for your family](https://2020financialadvice.co.uk/how-to-use-life-insurance-to-cover-a-future-inheritance-tax-bill-for-your-family/) - The amount the government collects through Inheritance Tax (IHT) is on the rise, and freezes to allowances mean it’s expected to increase further. If your family could face a bill when you pass away, life insurance could provide a valuable way to cover the expense.According to a MoneyAge article published in April 2024, the amount
- [Why “safety in numbers” might not apply to investing](https://2020financialadvice.co.uk/why-safety-in-numbers-might-not-apply-to-investing/) - Being part of a group can make you feel like you’re less likely to fall victim to a mishap or other negative event. While the hypothesis might be true in some circumstances, the opposite may be said when you’re investing. Read on to find out why failing to follow the crowd could be a good Following the crowd might give you a sense of security in some circumstances. Yet, when you’re investing, there might not be as much safety in numbers as you expect, and it could lead to you making decisions that don’t align with your goals or risk profile.
- [How a financial plan could alleviate your inflation worries](https://2020financialadvice.co.uk/how-a-financial-plan-could-alleviate-your-inflation-worries/) - The uncertainty of how the cost of living will change during your lifetime can make long-term planning difficult. After all, how can you be certain how your expenses will change in 20 years or more? If you’re worried about the effect of inflation on your security, a financial plan could provide peace of mind.March 2024 Research has found that inflation continues to be the biggest concern in households around the world. While inflation is falling, you might worry about how a period of costs rapidly rising in the future could affect your long-term finances. Read how a financial plan could help you prepare.
- [3 fantastic benefits of leaving a charitable legacy in your will](https://2020financialadvice.co.uk/3-fantastic-benefits-of-leaving-a-charitable-legacy-in-your-will/) - According to a report published in March 2024 from the Charities Aid Foundation (CAF), in 2023, three-quarters of people in the UK supported a charity in some way.Whether you donate money, fundraise, or volunteer your time, you might want to consider how to extend your actions to create a charitable legacy in your will –
- [3 practical ways you could reduce your tax bill in retirement](https://2020financialadvice.co.uk/3-practical-ways-you-could-reduce-your-tax-bill-in-retirement/) - The number of retirees who could face an Income Tax bill is expected to rise. If your total income could exceed tax thresholds, there might be some steps you can take to reduce your tax bill.The Personal Allowance is the amount of income you can receive before you usually need to pay Income Tax on
- [Explained: When do you need to declare the interest earned on savings?](https://2020financialadvice.co.uk/explained-when-do-you-need-to-declare-the-interest-earned-on-savings/) - Rising interest rates have been fantastic news for savers. But it might have left you wondering if you need to pay tax on the interest you’ve earned, and how to pay it if you are liable.According to a March 2024 survey carried out by online bank Marcus, 71% of people were not aware that the
- [Uncertainty drives record numbers to take out income protection. Here’s what you need to know](https://2020financialadvice.co.uk/uncertainty-drives-record-numbers-to-take-out-income-protection-heres-what-you-need-to-know/) - Figures published by Association of British Insurers (ABI) in March 2024 suggest a record number of families are taking out income protection to create a safety net. Read on to find out how income protection works and whether it could be valuable for you.Income protection would pay out a regular income if you were unable
- [4 compelling reasons you might want to consolidate your pension](https://2020financialadvice.co.uk/4-compelling-reasons-you-might-want-to-consolidate-your-pension/) - It’s been more than a decade since auto-enrolment was introduced, and now most workers automatically become members of their employer’s pension scheme. While more people saving for retirement is excellent news, it could mean you end up juggling multiple pots.One option is to transfer one pension to another, known as “consolidation”. It’s usually simple to Consolidating your pensions could make your retirement savings easier to manage. Learn about the other potential benefits, and some key considerations, in this article.
- [3 practical reasons to check your State Pension forecast before you retire](https://2020financialadvice.co.uk/3-practical-reasons-to-check-your-state-pension-forecast-before-you-retire/) - The State Pension is often a useful foundation when you’re creating an income in retirement. Yet, a survey published in February 2024 from Just Group found that a third of people didn’t check their State Pension forecast before stopping work.While the State Pension might not be your primary income in retirement, it’s often valuable because
- [How to make the unexpected part of your financial plan](https://2020financialadvice.co.uk/how-to-make-the-unexpected-part-of-your-financial-plan/) - When you set out how to reach your financial goals, you might think about the steps you need to take. Just as important could be considering how the unexpected might affect your financial plan. Read on to find out how the unexpected may affect you and how an effective plan could keep you on the
- [Will disputes are on the rise. Here are 7 pragmatic steps you could take to minimise conflicts](https://2020financialadvice.co.uk/will-disputes-are-on-the-rise-here-are-7-pragmatic-steps-you-could-take-to-minimise-conflicts/) - A will is an important way of outlining what you’d like to happen to your assets when you pass away. Yet, figures suggest will disputes are on the rise. If you’re worried about potential conflicts when you pass away, read on to discover some useful steps you might want to take.According to a February 2024
- [How to beat the potential harmful effects of “loss aversion” on your wealth](https://2020financialadvice.co.uk/how-to-beat-the-potential-harmful-effects-of-loss-aversion-on-your-wealth/) - “Loss aversion” is a type of bias that could affect how you manage your finances. It’s a concept that was developed by renowned psychologist Daniel Kahneman, who won a Nobel Prize for his influential work and sadly passed away in March 2024. To celebrate his life, read on to find out more about loss aversion
- [The essentials you need to know about critical illness cover](https://2020financialadvice.co.uk/the-essentials-you-need-to-know-about-critical-illness-cover/) - If you face a serious illness, it could place pressure on your finances and mean you’re not able to focus on what’s most important – your health. Yet, research suggests many families could be overlooking the protection that critical illness cover could provide. Read on to find out how critical illness cover works and how
- [Running out of money tops retirement concerns, but financial planning could bring peace of mind](https://2020financialadvice.co.uk/running-out-of-money-tops-retirement-concerns-but-financial-planning-could-bring-peace-of-mind/) - If you’re concerned about running out of money during retirement, you’re not alone. In fact, it’s one of the top financial concerns in the UK. Being proactive and working with a financial planner to create a retirement plan could offer you peace of mind. Read on to find out why.In an February 2024 Aegon survey, A survey of financial advisers has revealed that running out of money is one of the biggest retirement fears. Seeking professional advice could help you feel more confident about your finances and decisions.
- [The announcement of the new UK ISA marks 25 years of tax-efficient savings](https://2020financialadvice.co.uk/the-announcement-of-the-new-uk-isa-marks-25-years-of-tax-efficient-savings/) - Since they were introduced in 1999, ISAs have become a finance staple for many households thanks to providing a tax-efficient way to save and invest. As ISAs turn 25, chancellor Jeremy Hunt unveiled plans to launch a new UK ISA and has previously announced changes that could provide you with more flexibility.Read on to find
- [Fiscal drag is set to increase tax bill for millions of workers despite second National Insurance cut](https://2020financialadvice.co.uk/fiscal-drag-is-set-to-increase-tax-bill-for-millions-of-workers-despite-second-national-insurance-cut/) - In the March 2024 Budget, Jeremy Hunt announced a second cut to National Insurance (NI), which could reduce your tax liability. Yet, as the chancellor didn’t unfreeze other allowances, many workers will see their overall tax bill rise in real terms due to fiscal drag.Fiscal drag refers to a phenomenon where the government increases revenue
- [5 practical tips that could help you set realistic financial goals](https://2020financialadvice.co.uk/5-practical-tips-that-could-help-you-set-realistic-financial-goals/) - Setting goals is part of creating an effective financial plan. They can motivate you, keep you on the right track, and help you define what “success” is for you. As your plan might cover decades, it can be difficult to know if your goals are realistic. Read on to discover five practical tips that could
- [6 in 10 Brits are unaware their pension is usually outside of their estate](https://2020financialadvice.co.uk/6-in-10-brits-are-unaware-their-pension-is-usually-outside-of-their-estate/) - Many people could be omitting a useful way to pass on assets when they die because they aren’t aware that pensions usually fall outside of their estate. It could also mean some have failed to name a beneficiary for their pension. Read on to find out what you need to know about pensions and why
- [How financial protection could offer security to parents](https://2020financialadvice.co.uk/how-financial-protection-could-offer-security-to-parents/) - As a parent, your child facing an illness could affect your finances just as much as becoming ill yourself. Appropriate financial protection could offer you a safety net when you need it most, including if you need to take a long period off work to care for your child.Read on to find out how financial
- [Who Needs a Financial Adviser?](https://2020financialadvice.co.uk/who-needs-a-financial-adviser/) - Unlock financial success with a trusted advisor at 2020 Financial Advice. Professional guidance for a secure future. Discover why you need a financial adviser.
- [Why Are Financial Advisers Important?](https://2020financialadvice.co.uk/why-are-financial-advisers-important/) - Discover the importance of financial advisers in personal finance. Learn why their guidance is crucial for individuals, regardless of their financial status.
- [Can Financial Advisers Help Save Money?](https://2020financialadvice.co.uk/can-financial-advisers-help-save-money/) - Get Professional financial advice at 2020 Financial Advice. Discover how financial advisers can help you save money and achieve your financial goals.
- [What services do Financial Advisers offer?](https://2020financialadvice.co.uk/what-services-do-financial-advisers-offer/) - Get professional financial advice and services from professional advisers. We aim to secure your financial future with personalised solutions. Contact us for a consultation.
- [What Qualifications do Financial Advisers Have?](https://2020financialadvice.co.uk/what-qualifications-do-financial-advisers-have/) - Discover 2020 Financial Advice's qualified financial advisors. Explore essential qualifications for trusted financial guidance. Uncover the expertise you need.
- [7 practical tips that could help Generation X feel more confident about their retirement](https://2020financialadvice.co.uk/7-practical-tips-that-could-help-generation-x-feel-more-confident-about-their-retirement/) - As Generation X, often described as those who were born between 1965 and 1981, starts to retire, research has found that many don’t feel confident about their financial future. If you’re worried about how secure your life will be once you stop working, there may be some practical steps you could take.According to a survey
- [More than 1 million investors are expected to pay Dividend Tax for the first time in 2024/25](https://2020financialadvice.co.uk/more-than-1-million-investors-are-expected-to-pay-dividend-tax-for-the-first-time-in-2024-25/) - More than 1 million investors will be hit with a Dividend Tax bill for the first time in the 2024/25 tax year, according to an AJ Bell report. Read on to find out if you could be affected and discover some of the steps you could take to mitigate a tax charge.A dividend is a
- [Here’s what you need to know about the “Magnificent Seven” stocks that are driving the market](https://2020financialadvice.co.uk/heres-what-you-need-to-know-about-the-magnificent-seven-stocks-that-are-driving-the-market/) - The Magnificent Seven might conjure up images of the 1960s Western film or its 2016 remake, but there’s a new group in town – seven technology companies that outgained the market in 2023. Read on to find out more about these companies and the effect they’re having.The S&P 500 is an index that tracks the
- [Have you overlooked speaking to your beneficiaries as part of your estate plan?](https://2020financialadvice.co.uk/have-you-overlooked-speaking-to-your-beneficiaries-as-part-of-your-estate-plan/) - You may already have your estate in order and have written your will accordingly, but have you overlooked the value of speaking to your beneficiaries?A report by PIMFA from December 2023 suggests that 58% of people in the UK have never discussed inheritance with their family members.Not doing so could mean that your beneficiaries may
- [A concerning fifth of families experience financial worries when planning a funeral](https://2020financialadvice.co.uk/a-concerning-fifth-of-families-experience-financial-worries-when-planning-a-funeral/) - You might have considered what you’d like to happen when you pass away as part of your long-term plan. Perhaps you’ve written a will or spoken to your loved ones about your funeral wishes. Yet, you may have overlooked the costs associated with dying, and it could place financial pressure on your family.Indeed, a worrying
- [How to calculate the level of income protection that would provide you with financial security](https://2020financialadvice.co.uk/how-to-calculate-the-level-of-income-protection-that-would-provide-you-with-financial-security/) - Income protection could provide you with an essential safety net if you’re unable to work due to an accident or illness. Yet, research suggests it’s a valuable step that some people might be overlooking.If you’re too ill to work, income protection could provide you with a regular replacement income. Usually, income protection would pay out
- [3 insightful research findings that could help you navigate your “second 50”](https://2020financialadvice.co.uk/3-insightful-research-findings-that-could-help-you-navigate-your-second-50/) - A report suggests that life after 50 will be radically different for those who have recently celebrated the milestone or are nearing it when compared to previous generations, and it could have implications for your financial plan.The research from Aegon looks at how lifestyles are changing for over-50s, dubbing this chapter of life the “second
- [How to move into the decumulation phase of retirement planning](https://2020financialadvice.co.uk/how-to-move-into-the-decumulation-phase-of-retirement-planning/) - Transitioning into retirement can present new challenges, not least, understanding how to sustainably start using your assets to create an income. As you move into the decumulation phase, you might worry about balancing your needs now with your long-term financial security, but a plan could give you more confidence.Managing the decumulation of assets is something Moving into the decumulation phase of retirement planning can present some challenges. As well as understanding how to effectively manage depleting your assets, you may find you need to adjust your mindset too.
- [A Lasting Power of Attorney could offer protection at every life stage](https://2020financialadvice.co.uk/a-lasting-power-of-attorney-could-offer-protection-at-every-life-stage/) - Naming a Lasting Power of Attorney (LPA) is often associated with the elderly. But it could provide vital protection and peace of mind at every life stage.An LPA gives someone you trust the ability to make decisions on your behalf if you’re unable to do so. When you think about the scenarios that might happen,
- [Government borrowing halves and opens room for tax cuts in March’s Budget](https://2020financialadvice.co.uk/government-borrowing-halves-and-opens-room-for-tax-cuts-in-marchs-budget/) - Chancellor Jeremy Hunt could have more options ahead of March’s Budget as government borrowing halved at the end of 2023. With a general election looming, Hunt may take the opportunity to ease the tax burden. Read on to discover some of the personal finance changes that could be announced.Figures from the Office for National Statistics
- [The ups and downs of the FTSE 100 40-year history demonstrates time in the market matters](https://2020financialadvice.co.uk/the-ups-and-downs-of-the-ftse-100-40-year-history-demonstrates-time-in-the-market-matters/) - This year the FTSE 100 index turns 40. Over the last four decades, it’s become a way to measure the health of the UK stock market. During that time there have been highs that investors no doubt celebrated, and lows that serve as a reminder that there’s some truth in the saying: it’s time in
- [How to protect financial gifts to your children from relationship breakdowns](https://2020financialadvice.co.uk/how-to-protect-financial-gifts-to-your-children-from-relationship-breakdowns/) - As younger generations face challenges reaching milestones as the cost of living soars, you might be thinking about gifting assets to improve their finances. If your beneficiary is in a relationship, you may want to consider what would happen if they split up with their partner.A well-timed gift could have a hugely positive effect on
- [The pension Annual Allowance increased in 2023/24. Have you reviewed your contributions?](https://2020financialadvice.co.uk/the-pension-annual-allowance-increased-in-2023-24-have-you-reviewed-your-contributions/) - Don't miss the pension Annual Allowance increase in 2023/24. Check your contributions to ensure you're making the most of this opportunity.
- [“Stealth taxes” will push more than 3 million workers into a higher Income Tax bracket by 2029](https://2020financialadvice.co.uk/stealth-taxes-will-push-more-than-3-million-workers-into-a-higher-income-tax-bracket-by-2029/) - Discover the impact of "stealth taxes" on income tax brackets. Over 3 million workers could be pushed into higher tax brackets by 2029.
- [The pros and cons of choosing a living legacy over leaving an inheritance](https://2020financialadvice.co.uk/the-pros-and-cons-of-choosing-a-living-legacy-over-leaving-an-inheritance/) - Explore the benefits of legacy planning and estate strategies. Discover the pros and cons of opting for a living legacy instead of a traditional inheritance.
- [3 important figures to review on your payslip to manage your short- and long-term finances effectively](https://2020financialadvice.co.uk/3-important-figures-to-review-on-your-payslip-to-manage-your-short-and-long-term-finances-effectively/) - Discover essential financial management tips for effective short- and long-term financial planning. Learn about the key figures to review on your payslip.
- [Fraudsters used “social engineering” to steal £580 million in the first half of 2023](https://2020financialadvice.co.uk/fraudsters-used-social-engineering-to-steal-580-million-in-the-first-half-of-2023/) - Stay informed about the rise of social engineering fraud in the UK. Learn about the alarming statistic of £580 million stolen by fraudsters in the first half of 2023.
- [Why general elections in 2024 could lead to volatile investment markets](https://2020financialadvice.co.uk/why-general-elections-in-2024-could-lead-to-volatile-investment-markets/) - Explore the potential impact of the 2024 general elections on financial markets with expert insights at 2020 Financial Advice. Read more!
- [The number of pension savers risking a charge by exceeding the Annual Allowance soars 20%](https://2020financialadvice.co.uk/the-number-of-pension-savers-risking-a-charge-by-exceeding-the-annual-allowance-soars-20/) - Some pension savers may have unwittingly exceeded a tax allowance and could now face a higher bill, figures suggest. According to HMRC data, the number of people exceeding the Annual Allowance increased by almost 20% in 2021/22 when compared to just a year earlier.The HMRC figures show more than 53,000 people contributed more to their
- [How a contribution to your child’s pension could boost their financial security](https://2020financialadvice.co.uk/how-a-contribution-to-your-childs-pension-could-boost-their-financial-security/) - As a parent, you might worry about your child’s long-term financial wellbeing. While you might consider supporting them through university, helping out with day-to-day costs, or handing over a home deposit, have you thought about contributing to their pension? It could go further than you think.Younger generations face some key challenges when saving for their
- [7 lessons you could learn from the Wright brothers to help your finances soar](https://2020financialadvice.co.uk/7-lessons-you-could-learn-from-the-wright-brothers-to-help-your-finances-soar/) - December 2023 marks 120 years since the Wright brothers made their first flight in a Kitty Hawk in North Carolina. The flight lasted just 12 seconds but proved sustained flight of a heavier-than-air machine was possible and cemented Orville and Wilbur Wright’s names in the history books.The Wright brothers have become synonymous with aviation and
- [2 Autumn Statement announcements you may have missed that could simplify your finances](https://2020financialadvice.co.uk/2-autumn-statement-announcements-you-may-have-missed-that-could-simplify-your-finances/) - Jeremy Hunt delivered his second Autumn Statement as chancellor on 22 November 2023. While the headline news was cuts to National Insurance rates for employees and self-employed workers, there may have been less attention-grabbing changes that could make your finances easier to manage.Read on to discover how ISA and pension changes might be useful to
- [The families of 6 in 10 over-75s could face challenges if they lose mental capacity](https://2020financialadvice.co.uk/the-families-of-6-in-10-over-75s-could-face-challenges-if-they-lose-mental-capacity/) - A survey suggests more than half of people aged over 75 haven’t arranged a Lasting Power of Attorney (LPA). It’s an oversight that could mean their families may not be able to make decisions on their behalf if they lost mental capacity.MoneyAge report that research from Just Group revealed that around 3.4 million over-75s had
- [4 useful gifting allowances that could help you pass on wealth tax-efficiently this Christmas](https://2020financialadvice.co.uk/4-useful-gifting-allowances-that-could-help-you-pass-on-wealth-tax-efficiently-this-christmas/) - It’s the season for giving. This Christmas, you might be thinking about how you could improve the security of your loved ones by gifting them money or assets. Read on to discover four potentially useful allowances that you might want to consider if your estate could be liable for Inheritance Tax (IHT).Some gifts are considered
- [4 annuity myths that could mean you’re missing out on security in retirement](https://2020financialadvice.co.uk/4-annuity-myths-that-could-mean-youre-missing-out-on-security-in-retirement/) - Annuities could provide you with income security in retirement. Despite this being a common goal among many thinking about their future, misconceptions may mean retirees are overlooking annuities.According to a report in Standard Life dated September 2023, almost half of over-50s who are aware of annuities say they don’t know how they work. Read on
- [Don’t overlook trusts, they could be a useful way to pass on wealth](https://2020financialadvice.co.uk/dont-overlook-trusts-they-could-be-a-useful-way-to-pass-on-wealth/) - Trusts may be a useful way to pass on wealth, but research suggests it’s an option some people are dismissing.You can place a variety of assets in a trust, from investment to property, for the benefit of another person, known as the “beneficiary”. The trust is then managed by one or more trustees according to
- [Business owners, don’t take Willy Wonka’s chance approach to succession planning](https://2020financialadvice.co.uk/business-owners-dont-take-willy-wonkas-chance-approach-to-succession-planning/) - Eccentric Willy Wonka boasts a lot of enviable skills as a businessman – he’s innovative, understands his target audience, and inspires loyalty from his employees. But his skills at succession planning left a lot to be desired.Over the years many actors have taken up the role of Roald Dahl’s iconic chocolatier Willy Wonka. The character
- [How to help your family manage your affairs when you pass away](https://2020financialadvice.co.uk/how-to-help-your-family-manage-your-affairs-when-you-pass-away/) - Planning for your death can be emotionally difficult, but it could be a huge help to your loved ones.Research suggests administering an estate after a loved one has passed away can affect mental health and finances. Read on to learn more about some of the steps you could take to help your family manage your
- [Why investing could hold the key to becoming an ISA millionaire](https://2020financialadvice.co.uk/why-investing-could-hold-the-key-to-becoming-an-isa-millionaire/) - According to This Is Money, more than 2,700 people have built up an enviable £1 million in their ISA. Regular contributions and investing could be the secret to reaching this goal. Read on to find out why.An ISA is a tax-efficient way to save or invest. In the 2023/24 tax year, you can place up
- [How much life insurance will provide your family with security?](https://2020financialadvice.co.uk/how-much-life-insurance-will-provide-your-family-with-security/) - Life insurance could ensure your family’s security if you pass away. It may be an important part of your financial plan and could provide peace of mind. Understanding the potential payout your family would need could help you choose an appropriate level of cover.If you take out a life insurance policy and pass away during
- [Here’s why pension reforms mean you might want to reconsider your retirement plan](https://2020financialadvice.co.uk/heres-why-pension-reforms-mean-you-might-want-to-reconsider-your-retirement-plan/) - Government changes to when pensions are taxed may mean you could save far more tax-efficiently for your retirement. If a potential tax bill influenced your current retirement date, it might be worth reviewing your plan.Previously, the Lifetime Allowance (LTA) affected the total pension benefits you could build up before facing a possible tax charge.In 2022/23,
- [Financial security is the most important retirement goal for 9 in 10 Brits](https://2020financialadvice.co.uk/financial-security-is-the-most-important-retirement-goal-for-9-in-10-brits/) - When you think about the most popular retirement dreams, an adventurous cruise or having time to put your feet up might come to mind. Yet, a survey found the most common goal for retirement is to achieve financial security.According to Legal & General, a huge 94% of Brits say their most important retirement dream is
- [5 useful conversations to have this Talk Money Week](https://2020financialadvice.co.uk/5-useful-conversations-to-have-this-talk-money-week/) - Opening up about your finances can be difficult. Yet, talking about money could improve your financial security and boost your wellbeing.Every year, the Money and Pension Service (MaPS) hosts Talk Money Week, an initiative encouraging more people to start financial conversations. This year, it takes place between 6 and 10 November, and it asks everyone
- [3 essential factors to consider if you plan to gift wealth to avoid Inheritance Tax](https://2020financialadvice.co.uk/3-essential-factors-to-consider-if-you-plan-to-gift-wealth-to-avoid-inheritance-tax/) - Figures suggest more families are gifting to avoid Inheritance Tax (IHT). While passing on assets to loved ones may seem like a clear solution, it isn’t always so simple.More estates are becoming liable for IHT as thresholds for paying the tax are frozen. The Office for Budget Responsibility predicts HMRC will collect £8.4 billion from
- [How to make happiness part of your financial plan](https://2020financialadvice.co.uk/how-to-make-happiness-part-of-your-financial-plan/) - People often think of their financial plan as a way to grow their wealth and provide financial security. You might consider areas like your pension or financial protection to be core parts of your financial plan. Yet, while they’re important, your happiness is essential too.Financial planning is about helping you reach your financial goals, but
- [5 common mistakes when writing a will that a solicitor could help you avoid](https://2020financialadvice.co.uk/5-common-mistakes-when-writing-a-will-that-a-solicitor-could-help-you-avoid/) - A will provides a way to state who you’d like to receive your assets when you pass away. While you don’t need to work with a solicitor when writing a will, doing so could help you avoid mistakes.Will Aid is taking place in November and may be the perfect time to write your will while
- [Should you take your pension tax-free lump sum to kickstart retirement?](https://2020financialadvice.co.uk/should-you-take-your-pension-tax-free-lump-sum-to-kickstart-retirement/) - When you access your pension, you can often take a tax-free lump sum. While this may seem an attractive way to fund your early retirement plans, there are some essential things you need to consider first.You can usually access your pension from the age of 55, rising to 57 in 2028. You can typically withdraw
- [8.5 million over-65s are paying Income Tax. Do you need to consider your tax liability?](https://2020financialadvice.co.uk/8-5-million-over-65s-are-paying-income-tax-do-you-need-to-consider-your-tax-liability/) - A combination of frozen tax thresholds and rising inflation mean an increasing number of retirees need to consider tax. Read on to find out what you need to know about Income Tax in retirement and how you could manage your tax liability.According to the Independent, in 2023/24, 8.5 million over-65s are paying Income Tax –
- [Inheritance Tax could be scrapped to secure election votes](https://2020financialadvice.co.uk/inheritance-tax-could-be-scrapped-to-secure-election-votes/) - Reports suggest that the Conservative party will make scrapping Inheritance Tax (IHT) part of its manifesto pledge in a bid to secure the general election. Frozen tax thresholds meant HMRC raked in a record amount of IHT in the last tax year. Read on to find out more about the reports.While there have been reports
- [7 practical reasons to make a Lasting Power of Attorney now](https://2020financialadvice.co.uk/7-practical-reasons-to-make-a-lasting-power-of-attorney-now/) - A Lasting Power of Attorney (LPA) could provide you with protection when you’re most vulnerable by giving someone you trust the ability to make decisions on your behalf. Yet, a survey in the Independent, found that less than half of married couples have an LPA.If it’s something you don’t have in place, here are seven
- [Report: 1 in 5 people will be living with a major illness in 2040](https://2020financialadvice.co.uk/report-1-in-5-people-will-be-living-with-a-major-illness-in-2040/) - New research suggests more people will be living with a major illness in the future and it could place pressure on health services. It may also have implications for household finances over the long term.A report from the Health Foundation’s REAL Centre suggests 9.1 million people will be living with a major illness by 2040
- [Why soaring interest rates are affecting national debt and could mean tax rises](https://2020financialadvice.co.uk/why-soaring-interest-rates-are-affecting-national-debt-and-could-mean-tax-rises/) - High inflation and rising interest rates aren’t just affecting households, they’re affecting the UK’s public finances too. Forecasts suggest the government may need to implement tax rises to avoid debt spiralling.According to the Office for National Statistics, at the end of July 2023, public sector debt was an eye-watering £2,578 billion. That is the equivalent
- [Millions of retirees could be overlooking the benefits of annuities, research suggests](https://2020financialadvice.co.uk/millions-of-retirees-could-be-overlooking-the-benefits-of-annuities-research-suggests/) - The number of retirees choosing an annuity to generate an income is on the rise. Yet, research suggests millions of people may be overlooking the option because they don’t understand how annuities work.An annuity could provide you with a way to create a guaranteed income throughout retirement. It’s something that you purchase, and it will
- [Care home fees have increased by 10%. Are they part of your long-term plan?](https://2020financialadvice.co.uk/care-home-fees-have-increased-by-10-are-they-part-of-your-long-term-plan/) - Figures suggest the average cost of a care home is on the rise. While it can be difficult to consider, some people will need care in their later years and making it part of your long-term plan could provide greater security.Of course, you hope you can enjoy your later years in good health and continue
- [Getting married? Here’s why you should review your will and wishes](https://2020financialadvice.co.uk/getting-married-heres-why-you-should-review-your-will-and-wishes/) - Setting out who you want to benefit from your estate might not be the most romantic task, but it’s an important one. If you’re getting married, reviewing your will is an essential step. Read on to find out why.Marriage revokes an existing willEven if you’ve already written a will, marriage will automatically revoke it. So,
- [Market volatility means thousands of families may have overpaid Inheritance Tax](https://2020financialadvice.co.uk/market-volatility-means-thousands-of-families-may-have-overpaid-inheritance-tax/) - Thousands of families may be entitled to an Inheritance Tax (IHT) rebate due to stock market volatility. As the government does not automatically refund estates when this happens, many families could be unaware they’ve overpaid.Overpaying IHT could occur if the value of assets falls between the benefactor passing away and the sale of them. Read
- [Why emotional decision-making could be costing you investment returns](https://2020financialadvice.co.uk/why-emotional-decision-making-could-be-costing-you-investment-returns/) - It can be difficult not to let your emotions influence the decisions you make. When investing, emotional decision-making could be harming your portfolio’s performance and your ability to reach your goals.While you try to make investment decisions based on logic and facts, it can be easy for emotions, from fear to excitement, to play a
- [What could the UK learn from the happiest countries in the world?](https://2020financialadvice.co.uk/what-could-the-uk-learn-from-the-happiest-countries-in-the-world/) - The World Happiness Report has named Finland the happiest nation in the world in 2023 – it’s the sixth consecutive year the country has won the title. Read on to find out what the UK could learn from some of the happiest countries.The research polls around 1,000 people from each country across several key areas
- [Retirees, don’t overlook the surprising risk of underspending in retirement](https://2020financialadvice.co.uk/retirees-dont-overlook-the-surprising-risk-of-underspending-in-retirement/) - Spending too much money in retirement is a common fear. Yet, some retirees struggle with the opposite challenge – they spend too little. Read on to find out why and what you can do if you’re too frugal in retirement.Underspending once you give up work may be more common than you think. It’s easy to
- [Do you need to plan for a retirement without the State Pension?](https://2020financialadvice.co.uk/do-you-need-to-plan-for-a-retirement-without-the-state-pension/) - There have been rumours for years that the government could scrap the State Pension. As the cost of maintaining the State Pension soars, more people think they’ll need to create a retirement income without any support from the government.The National Insurance Act in 1946 introduced a contributory State Pension for all. Yet, almost eight decades
- [7 common but potentially harmful Inheritance Tax myths debunked](https://2020financialadvice.co.uk/7-common-but-potentially-harmful-inheritance-tax-myths-debunked/) - Inheritance Tax (IHT) is often controversial – you may have heard of it referred to as “the most hated tax in Britain”. Yet, despite the coverage it receives, it’s often misunderstood. Common myths about IHT could mean you’re needlessly worrying about a potential bill or failing to take steps that could allow you to pass
- [5 excellent reasons families use trusts](https://2020financialadvice.co.uk/5-excellent-reasons-families-use-trusts/) - Trusts can be an incredibly useful way to pass on wealth and preserve assets. Yet, there’s a common myth that they’re only valuable for very wealthy families. Read on to discover why a trust may make sense for you.A trust is a legal arrangement that you could use to pass on assets.The trust would be
- [Tolkien’s work is still providing his family with a passive income. Could your estate do the same?](https://2020financialadvice.co.uk/tolkiens-work-is-still-providing-his-family-with-a-passive-income-could-your-estate-do-the-same/) - When people think about inheritances, they often view it as a lump sum. But you could leave your loved ones an inheritance that will deliver a passive income, and, in some cases, it’s an option that could improve their financial security.Take the work of author J. R. R. Tolkien – his family still benefit from
- [These are the 5 core traits of the wealthy, according to an interesting study](https://2020financialadvice.co.uk/these-are-the-5-core-traits-of-the-wealthy-according-to-an-interesting-study/) - Have you ever wondered what it takes to become very wealthy? A new psychology study suggests that personality traits might have more to do with wealth than you first think.The study, which was conducted by researchers at the Open University and the Norwegian School of Management, assessed the attributes of around 3,240 people. The traits

## Pages

- [Homepage](https://2020financialadvice.co.uk/) - Shrewsbury Financial Advisors: 2020 Financial Advice provides independent financial planning for individuals & families in Shrewsbury & surrounding areas.
- [FAQs](https://2020financialadvice.co.uk/faqs/)
- [Our fees](https://2020financialadvice.co.uk/our-fees/)
- [Why choose us?](https://2020financialadvice.co.uk/why-choose-us/)
- [Privacy Policy](https://2020financialadvice.co.uk/privacy-policy/) - Who we are Our website address is: https://2020financialadvice.co.uk. What personal data we collect and why we collect it Comments When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from
- [Cookies Policy](https://2020financialadvice.co.uk/cookies-policy/)
- [About us](https://2020financialadvice.co.uk/about-us/)
- [Contact](https://2020financialadvice.co.uk/contact/)
- [Benefits of being Chartered](https://2020financialadvice.co.uk/benefits-of-being-chartered/)

## Archives

- [Client Types](https://2020financialadvice.co.uk/archives/client-types/)
- [Team Members](https://2020financialadvice.co.uk/archives/team-members/)
- [Individual planning](https://2020financialadvice.co.uk/archives/wealth-management-shrewsbury/)
- [Testimonials](https://2020financialadvice.co.uk/archives/testimonials/)
- [Latest News](https://2020financialadvice.co.uk/archives/post/)
- [Client videos](https://2020financialadvice.co.uk/archives/case-studies/)
- [Business Planning](https://2020financialadvice.co.uk/archives/business_planning/)

## Client Types

- [Business owners](https://2020financialadvice.co.uk/who-we-work-with/business-owners/)
- [Already retired](https://2020financialadvice.co.uk/who-we-work-with/already-retired/)
- [Planning for retirement](https://2020financialadvice.co.uk/who-we-work-with/planning-for-retirement/)
- [Still working](https://2020financialadvice.co.uk/who-we-work-with/still-working/)
- [Retiring now](https://2020financialadvice.co.uk/who-we-work-with/retiring-now/)

## Team Members

- [David Jamieson](https://2020financialadvice.co.uk/team-members/david-jamieson/)

## Services

- [School fee planning](https://2020financialadvice.co.uk/individual-planning/school-fee-planning/)
- [Financial protection](https://2020financialadvice.co.uk/individual-planning/financial-protection-shrewsbury/)
- [Trusts](https://2020financialadvice.co.uk/individual-planning/trust-advice-shrewsbury/)
- [Tax planning and mitigation](https://2020financialadvice.co.uk/individual-planning/tax-planning-uk/)
- [Savings and investments](https://2020financialadvice.co.uk/individual-planning/savings-and-investments-shrewsbury/)
- [Retirement planning](https://2020financialadvice.co.uk/individual-planning/retirement-planning-shrewsbury/)

## Business Plannings

- [Workplace pensions](https://2020financialadvice.co.uk/business-and-corporate-planning/workplace-pensions-shrewsbury/)
- [Defined benefit schemes](https://2020financialadvice.co.uk/business-and-corporate-planning/defined-benefit-schemes-uk/)
- [Business protection](https://2020financialadvice.co.uk/business-and-corporate-planning/business-protection/)
- [Employee benefit schemes](https://2020financialadvice.co.uk/business-and-corporate-planning/employee-benefit-schemes-uk/)
- [Shareholder and partnership protection](https://2020financialadvice.co.uk/business-and-corporate-planning/shareholder-protection-uk/)

## Qualifications

- [Certificate in Long Term Care and Later Life Planning (CertLTCP)](https://2020financialadvice.co.uk/qualifications/certificate-in-long-term-care-and-later-life-planning-certltcp/)
- [Diploma for Financial Advisers (DipFA)](https://2020financialadvice.co.uk/qualifications/diploma-for-financial-advisers-dipfa/)
- [Level 6 Diploma in Financial Advice (Adv DipFA)](https://2020financialadvice.co.uk/qualifications/level-6-diploma-in-financial-advice-adv-dipfa/)

## Categories

- [News](https://2020financialadvice.co.uk/category/news/)