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How is everyone's weekly plan? Short week coming up with the bank holidays, but even more reason to make it count! #productivity #financialadviser #finances #business #yorkshirebusiness #hullbusiness – at Beverley, England

There are many different ways of managing debt, but it always best to talk to someone if you cannot manage. These service can put you in touch with free debt advisers who will talk through your options #financialeducation #finance #debt

Speak to the Pensions Regulator or a financial adviser about setting up a scheme or if you are unsure of your obligations as an employer #finance #financialeducation #hullbusiness #pension #business

Pension income is classed as ‘taxable’ by the HMRC (except for your tax free cash lump sum entitlement). If you have pension income above the personal allowance then you will likely have tax to pay – check with HMRC or a financial adviser if unsure #financialeducation #finance

It can be surprising how much certain things use. Keeping an eye on energy usage can encourage you to be more savvy – turning off appliances, lights, and switching to lower energy usage kitchen appliances like halogen oven/air fryers #financialeducation #finance

Investment risk affects the money you can get back & how much the values go up and down. Make sure yours is suitable for your needs and you are aware of the risks you are taking, as you could lose money. Have a review with a financial adviser if unsure #financialeducation

Make sure you are aware of the specific terms and conditions when taking out any new savings account especially if the interest rate is reliant on you doing (or not doing!) something specific, so you don’t accidently break the terms set out #financialeducation #finance

Each individual can pass £325k to beneficiaries’ inheritance tax free – but it’s not always that simple. Some other allowances and exceptions apply & this is a very complex tax area. Seek financial advice if unsure what your family may have to pay when you die #financialeducation

It’s easy to lose track of old pensions, especially if you only worked somewhere a short while. You may still have pensions from old jobs - it’s worth digging out statements, contacting past employers. Seek financial advice if unsure or want to know more #financialeducation

Shares could be taxed on any gains if held outside of an ISA or specialist tax environment. You have a capital gains tax allowance of £12,300 per year though - so speak to a stockbroker, accountant or financial adviser if you're unsure if you should pay tax #financialeducation

This pot should usually be around 3 to 6 months of normal spending if you can - we understand this isn’t always affordable. But an emergency fund will mean you don’t have to rely on credit etc if a disaster occurs – boiler breaking, a car needing repairs etc #financialeducation

A qualifying year is accrued by paying enough national insurance contributions, or receiving certain benefits. Go to gov.uk/check-state-pension to find out your entitlement #financialeducation #pensions #pension #finance

Make sure you understand the deferral period (how long before you have to be off work & the claim pays out) & criteria for pay out (if you have to be incapable of own job vs any job). It makes a difference to cost and benefit paid out. Seek financial advice if unsure #finance

It's important to understand what sort of advice you will get when looking for a financial adviser. Independent advisers can give unbiased advice from the whole of the market, but a restricted or tied adviser will usually only be able to recommend products from their own provider

If you have one of these funds it will automatically change the investment risk level at certain ages – usually reducing stock market exposure. It is important to make sure the target retirement age and options are suitable for your circumstances. #financialeducation #finance

We all know about pension scams – one of many ways to help spot a real vs a dodgy adviser is to make sure they have FCA permissions. Although this isn’t a guarantee for good advice, it does give you some protection and access to compensation schemes too #financialeducation

Many life cover providers may still allow you to take out life cover – it just might be a bit more expensive, or exclude the pre existing condition. Speak to us to find out more. #financialeducation #finance #protection #lifecover #hullbusiness #womeninfinance