Are ISAs Such a Good Thing?

Financial Advice Sutton Coldfield
ISA Tax Free Savings

ISAs are generally considered to be a good savings option because you can invest using your annual tax free ISA allowance and you don’t pay tax on the income or gains*. However, there are different kinds of ISAs and if you don’t regularly review how they are performing you could be losing out.

There are cash ISAs, stocks-and-shares ISAs or you can have a mixture of both. Your Financial Adviser will be able to find the most suitable ISA for you depending upon your attitude to risk and what your financial goals are.  We pride ourselves on giving expert local financial advice to our clients in the Lichfield, Sutton Coldfield and Tamworth area.

To review your current ISAs and make sure they are working hard for you or to invest this years’ ISA allowance please contact our Client Liaison Team to put a date in the diary with your Adviser. More information on Investments and Savings.

*Investors do not pay any personal tax on income or gains, but ISAs do pay tax on income from stock and shares within the funds.

The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.

Tax treatment depends on individual circumstances. Tax treatment rates and allowances are subject to change.

Four Oaks Financial Advisers Join Brigade

Alan Woolford, Financial Adviser
Mark Timmins, Financial Adviser

Alan Woolford and Mark Timmins are both fully

qualified and experienced Financial Advisers who gave up their spare time (again) to support our charity, The Buddy Bag Foundation. The Buddy Bag Foundation is based in Sutton Coldfield not far from our offices from where we serve our clients in the Sutton, Tamworth and Lichfield areas providing local financial advice. Alan and Mark went along to help pack 200 Buddy Bags. The bags contain essential items for youngsters who have had to leave their homes, owing to some kind of domestic violence or abuse. The bags contain practical things like toothbrushes and pyjamas and other items such as a teddy bear to help the child in their transition to their new surroundings and situation. To find out more about The Buddy Bag Foundation click here.

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UK Interest Rate Rise

Martin Ward :: Dip PFS
Martin Ward, Managing Director, Four Oaks Financial Services

The Bank of England has raised interest rates for the first time in 10 years. The rate has
gone up a quarter of one percent (0.25%) to half of one percent (0.5%).

Four Oaks Financial Services MD, Martin Ward says “This wasn’t unexpected, and this takes the Bank of England rate back to where it was before the Brexit Referendum. It is good news for savers and investors, and most people are ready for this anticipated rise.”

If any Four Oaks clients are concerned about this increase in any way please contact your
Adviser and we will be very happy to assist.

Two Things You Need To Know About Long Term Care

Planning Long Term Care
Financial Planning for Long Term Care

Firstly, the current means test threshold in England for social care is £23,250. Did you know that even if the value of your assets falls below this your local authority or trust will still expect you to contribute some of your income to your care?

And the second thing you may not know is that a Financial Adviser should not give advice on long term care unless they are qualified to do so. This means they hold the CF8 qualification that demonstrates their understanding of the many issues you might have to consider when the time comes for you to start paying for long term care.  These qualified Advisers are sometimes called Specialist Care Fees Advisers and several of our Advisers hold this qualification and the others are working towards it.

A survey of Which? Members showed that more than a third of people self-funding their care were worried about running out of money. We highly recommend that you do not leave your long term care planning until the time you need to start paying for care. It is never too early to plan ahead.

Talk to one of our qualified Advisers about Long Term Care planning.