Phil Anderson Financial Services new mortgage adviser

Laura Mackay is the latest person to join Phil Anderson Financial Services’ growing team as a mortgage adviser and brings with her a wealth of experience in the residential mortgage and remortgage sector, covering their Aberdeen and Ellon offices.

“It is great having Laura as part of the team. She’s already fitting in well with the rest of the staff and her appointment will allow us to further enhance the service that we offer to our mortgage clients.” said Phil.

Click here to read Laura’s reviews on VouchedFor, the UK’s leading review site for Financial Advisers and Mortgage Advisers.

It’s mothers day this weekend…Did you know Mum’s are worth over £31,500 a year?

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You can’t put a value on a Mum, yet Legal & General’s latest Value of a Parent research shows that the unpaid work they contribute to the home is valued at over £31,500 a year.

As a parent, you want to provide the best for your children and give them a safe and secure future. As we all know, raising a child is expensive. In the last two years, the average cost of raising a child to the age of 18 has gone up 15%, from £133,848 in 2011 to £154,440 in 2013.

The research also found that Mums spend, on average, 71 hours a week on domestic chores. Your family is important to you, and that’s why you spend your time caring for them and giving them the best lifestyle possible. But how would they cope financially if you became critically ill or died?

Does your family have the finances in place to hire outside help
if you weren’t able to carry out domestic work around the home?
Perhaps now is the time to look at personal protection cover.

Having this in place can help to ensure that, should the worst happen, you have the finances in place to help your family
maintain their current lifestyle.

If you’d like to speak to us or would like to arrange an appointment to discuss protecting your family please contact one of our offices on the numbers below –

Aberdeen – 01224 900879
Ellon – 01358 268166
Caithness – 01593 721240

George Osborne today delivered his 5th budget and some of the key points are noted below

What’s your thought’s on the budget? Is it good for the North-East? Is it good for you individually?

Some of the Key Points –

◾The point at which people start paying income tax will be raised to £10,500
◾Threshold for 40p income tax to rise from £41,450 to £41,865 next month and by a further 1% to £42,285 next year
◾Annual limit for saving in Isas will rise to £15,000
◾GDP forecast to grow by 2.7% this year and 2.3% next year, then by 2.6% in 2016 and 2017 and by 2.5% in 2018
◾Fuel duty rise planned for September will not happen
◾A new £1 coin to be introduced in 2017
◾Inheritance tax waived for members of the emergency services who give their lives in job
◾Tax on homes owned through a company to be extended from residential properties worth more than £2m to those worth more than £500,000
◾Business rate discounts and enhanced capital allowances in enterprise zones extended for three years
◾£200m made available to fix potholes
◾Beer duty cut by 1p a pint
◾Duty on ordinary cider frozen
◾Tobacco duty to rise by 2% above inflation

If you would like to discus any of the changes to ISA’s, tax or pensions please contact the office on 01224 900879 or 01358 268166.

Many business owners agree that the loss of a key person can have serious financial consequences for their business

Yet over 50% do not have any life or critical illness cover in place should this event happen.

To help protect our business clients we have a guide available to setting up business protection. The guide contains process maps that highlight the key stages when setting up Key Person Cover, Share Protection Cover, Business Loan Protection and Relevant Life Plans. It also explains how the policies could be set up, who would own the policies and any tax implications each plan may have on the individual or the business.

To request a copy please email phil@philandersonfinancial.co.uk

To celebrate Aberdeen Football Club winning the Scottish League Cup and Phil Anderson being named as one of the UK’s top rated IFA’s we are giving away a pair of limited edition engraved glasses

The Glencairn Glasses were presented to corporate guests at the final. To enter the prize draw simply “like” our facebook page and this post. Anyone who shares the post will gain an extra entry into the draw. The winner will be drawn at random prior to the Kilmarnock match on Saturday.

 

State Benefits – Could you live on them?

Austerity measures in the UK have meant some of the biggest cuts in state spending since World War II, and as a result the traditional safety net of state benefits is reducing.

Research by Legal & General shows that, on average, people could be on the breadline in just 26 days* if all they had to rely on was their savings or state benefits to keep the bills paid. So now may be time to take control and help ensure you can provide for yourself, your partner or your loved ones in the event of long term sickness, injury, critical illness or even death.

What problems could relying on state benefits mean for you?

Contact us for a free guide which shows just what you might have to rely on for state benefits without protection, or what your loved ones may have to rely on after your death.

We believe it’s more important than ever to take some action now and put as little as £6 a month into helping give you and your loved ones some financial protection.

Why not give us a call or drop us an email today. What have you got to lose?

*Legal & General Deadline to the Breadline Report 2014.

As April 5th is the last date in the 2013/14 tax year,

that’s your final chance to make the most of your full 2013/14 ISA and Junior ISA tax-efficient savings allowance.

You can invest up to £11,520 in a Stocks and Shares ISA and up to £3,720 in a Junior ISA over the 2013/14 tax year. If you have still to use some or all of your ISA Allowance be sure to look at things soon before the April 5th deadline to make the most of tax-efficient savings.