Savings or Investments?

Local independent financial adviser, Ben Morris of Morris Financial Management, looks at the pros and cons of savings vs investments: From easy access saving to tax-friendly cash ISAs, there’s no shortage of savings accounts, each with their own advantages and restrictions. Historically, easy access accounts have not always offered the best interest rates, but they […]

Beware of Tax on Savings

Local independent financial adviser, Ben Morris of Morris Financial Management, warns savers to be aware of the implications of tax on savings: At last, the interest rates on savings are increasing but savers should be aware of the tax implications. Over the past year, interest rates have been climbing as the Bank of England tries […]

Inflation and the Impact of Government Borrowing on Interest Rates

Local independent financial adviser, Ben Morris of Morris Financial Management, looks at why inflation is still rife and the impact of Government borrowing on interest rates: Inflation is still high and UK wages have risen at their fastest rate in 20 years, raising expectations that UK interest rates will have to rise. Regular pay excluding […]

What is income drawdown and is it a good option for you?

Following the introduction of pensions freedom in 2015, local independent financial adviser, Ben Morris, highlights several issues to consider before making a decision about whether to take an annuity or opt for income drawdown: With drawdown you control your own retirement income instead of getting a regular, set sum from an annuity provider. Your fund […]

Should I top up my state pension?

Here at Morris Financial, we are always scanning the horizon for new legislation likely to affect the income and wealth of our clients. The Department of Work and Pensions (DWP) are currently offering millions the chance to top up their state pension. The scheme – known as 3A – looks generous on the surface. But […]

Why choose Morris Financial?

Choosing a financial adviser might seem daunting but if you need help with a financial decision it’s worth persevering. A good adviser can save you money and a lot of worry. That’s why we, at Morris Financial offer unbiased advice. The key to finding the right financial adviser is working out what type of advice […]

Ben Morris of Morris Financial Management looks at why pensions are taxing

Many pensioners are unaware that they will still pay tax when they retire but no longer working doesn’t mean you’ll no longer be paying taxes, in fact pensioners pay out almost a third of their income in tax – handing over an average of £7,400 each a year. The total bill for direct and indirect […]

Pension Freedom – other options for your pension

You don’t have to take your pension when you retire It is a common misconception you have to take your pension on the day you retire. Whilst some people will, investors can usually take a pension anytime from their 55th birthday (57th from 2028). Rules which took effect in April 2015 mean you now have […]

Income drawdown following Brexit – why savers should act with caution…

Pension freedom reforms introduced last April prompted a surge in the popularity of income drawdown, which lets you take sums out of your pot while the rest remains invested. However, the days of volatile markets and already low annuity rates following the referendum results announcement are being seen by some as a ‘stress test’ of […]

Junior ISA – Are you making the most of your children’s savings?

Nowadays the bank of ‘mum and dad’ has to provide, in many cases, a kick-start for children with further education, car and driving lessons and a deposit for a house. In fact, parents’ finances have to stretch a long way. But, with a little forethought, saving ahead for these milestones can make them more attainable […]