Kymin News

Keep up to date with all our latest news as a company and within the investment world.

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Getting yourself retirement ready

A comfortable retirement is a common financial goal, and contributing to a pension is essential to achieving it. Although retirement may appear distant at the moment, there's much to consider. Let us assist you in navigating this crucial life milestone. By planning ahead and making smart decisions about your savings, you can ensure a stable and enjoyable retirement.

Retirement planning can seem overwhelming, especially when you don’t know where to start. But the important thing is that no matter what age you are, it’s never too early or late to start Another benefit of starting early is compound earnings. This is when the money you’ve earned on money you’ve invested begins generating earnings too. Investing a small percentage of your income can really add up over time.

Having a savings plan for every stage of your life is vital in helping you work towards a retirement that you can look forward to. To help, here’s our decade-by-decade guide to saving for the future.

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Harnessing the Power of the Sun with our our newly installed Solar Panels

In an exciting leap towards sustainability, we are pleased to announce the latest addition to our offices, our newly installed solar panels which have been fitted to our rooftop. These solar panels mark a significant stride not only for our company but also for the environment, as we take further tangible steps to reduce our carbon footprint and transition towards cleaner, renewable energy sources.

The decision to integrate solar panels into our office infrastructure was born out of a commitment to both corporate responsibility and the global fight against climate change. By harnessing the power of the sun, we are tapping into an almost limitless resource that not only cuts our energy bills but also contributes to a greener planet.

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Navigating your way through Lasting Power of Attorney.

Once you have an LPA in place, you can have peace of mind that there is someone you trust to look after your affairs if you became unable to do so yourself during your lifetime. This may occur, for example, because of an illness, old age or an accident.

Having an LPA in place can allow your attorney to have authority to deal with your finances and property as well as make decisions about your health and welfare. Your LPA can include binding instructions together with general preferences for your attorney to consider. Your LPA should reflect your particular wishes so you know that the things that matter most would be taken care of.

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How Ecologi is helping to solve the climate crisis

Ecologi may not be a name you are familiar with, but familiarising yourself with the company is highly recommended, as their marketplace within proactive climate action is developing at a rapid pace.

The company was initially founded by a group of environmentalists in Bristol, who were frustrated with the lack of accessible contributions normal people could make to the climate problem. This was late 2018, and since then in a relatively short period of time the company has allowed individuals, as well as companies like ourselves, the ability to offer a meaningful way to act to the problem.

With our collective home being turned upside down, we all know by now that the problem is potentially still preventable, but it’s not going to save itself. So, it is up to all of us to help solve it, by reducing our carbon footprint and restoring nature.

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How the recent Spring Budget Statement may affect you

On Wednesday 15 March, Jeremy Hunt, the Chancellor of the Exchequer, addressed the Commons to deliver the Spring Budget 2023, with an aim to bring people back into the workforce. Mr Hunt commented that the Office for Budget Responsibility (OBR) expects inflation to fall from 10.7% to 2.9% by the end of 2023.

The Chancellor said the OBR now forecasts the UK will not enter a technical recession this year. But despite narrowly avoiding recession, living standards are still predicted to fall by 6% within this fiscal year and the next.

Key budget announcements included the abolishing of the Lifetime Allowance on tax-free pension contributions, which was previously set at £1,073,100. The tax-free annual pension allowance for pension pots will also rise from £40,000 to £60,000 from 6 April 2023.

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Making a Will and distributing financial wealth or possessions

A valid Will is an incredibly important part of estate preservation planning and will ensure that should the worst happen, your assets, whether they be financial wealth or possessions, are distributed in an orderly fashion to the right beneficiaries.

It’s important to make sure that after your death, your assets and possessions go to the people and organisations you choose, such as family members and charities you want to support.

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Start your journey and book a discovery meeting with us today

Start a new relationship with your finances by booking a discovery meeting.