WITH the ever changing political, fiscal and economic tides, how on earth can a person wade through those financial changes and the impact on their life goals, especially given that only a minority seek financial advice? So is it really worth having a financial adviser to do that? Few of us are aware of what we don’t know, and that is where most mistakes can be made.
RIGHT now the scale of the Coronavirus outbreak makes it impossible to gauge how badly it will impact the global stock markets, just as it was in 2002/3 for the Sars virus, 2003 and 2009 for the Iraq War the impact of the 2004 tsunami in Asia, solely because it's difficult to be mindful of human loss and be concerned with capital gains.
AS we move towards the Brexit deadline on Friday, should we look at refixing our mortgages? Do we bet on inflation remaining benign and interest rates dropping, or will Brexit throw sterling a sledgehammer, and mean that inflation is rocketed through the UK being a net importer? The fundamental answer to that relates to your budgeting requirements.
QUESTION: I know the deadline for completing a self-assessment tax return is January 31, but I'm not sure whether I need to complete one? ANSWER: Self assessment is not a tax – it is a way of paying tax.