Anglian Wealth Management, Partner Practice of St. James’s Place Wealth Management

We are delighted that both Robert Drake and Frazer Farrant have been ranked as Top Rated Advisers by VouchedFor ⭐️⭐️⭐️⭐️⭐️ We're proud to work with our clients to empower them to make informed decisions about their future, without any jargon! Read our full VouchedFor reviews: https://lnkd.in/eAJYXuJ7 #AnglianWealthManagement #VouchedFor #TopAdvisors #WealthManagement #PlanningYourFuture #NorwichNorfolk

CGT stands for 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗚𝗮𝗶𝗻𝘀 𝗧𝗮𝘅... ...the tax you pay if you sell certain assets or investments that have increased in value since you acquired them. You pay tax on the increase in value, or the ’gain’ ¬ not on the total value of the asset itself when you decide to sell. For the current tax year, 2024/25, the first £𝟯,𝟬𝟬𝟬 of a capital gain is tax-free – this is sometimes called your 𝗮𝗻𝗻𝘂𝗮𝗹 𝗖𝗚𝗧 𝗲𝘅𝗰𝗲𝗽𝘁𝗶𝗼𝗻. If you’ve made a gain in excess of £3,000, and have no capital losses to offset against this, you’ll be liable for CGT. You may need to pay CGT if you sell an additional property such as a second home or buy-to-let, if you sell stocks and shares, other investments that have made a gain, or personal possessions sold for £6,000 or more, such as jewellery. CGT rules and regulations can be quite complex. Even when you understand the principle, there are different levels of CGT, depending on your tax band and the asset you’ve made a gain on, as well as some CGT exemptions. ⚠ Side note – The CGT rates recently increased following the Autumn Budget, with the annual exemption dropping from £6,000 to £3,000. To determine whether CGT applies to you, what it applies to, and most importantly, if you'll need to pay it, it’s a good idea to consult a professional adviser ⚠ #financialeducation #taxjargon #financialjargon

It’s that time of year again… A time to review which tax allowances you should ‘use or lose’ before the 5th of April 2025 ⏳⤵ #taxplanning #taxreliefs #taxyearend

Did you know that 9 out of 10 New Year's resolutions are abandoned within the first few months of being made? Some reasons why this happens include: ❌Setting overly ambitious goals - Too large and unrealistic resolutions often result in failure. ❌Skipping smaller steps - Resolutions should be divided into manageable, short-term objectives. ❌Overlooking the "why" - Resolutions should emphasise the personal motivation behind the change, not just the action itself. ❌Failing to build habits - Success comes from transforming resolutions into habits that become second nature. If you've set New Year's resolutions, including goals to enhance your financial planning, here are some tips to help make them more successful: ✅Create a 'Don't-Do' list to identify and avoid time-wasting tasks. ✅Approach failure as feedback, not the end. ✅Make goals specific and measurable. ✅Where required, consult with a professional adviser. #newyearnewgoals #financialgoals #goalsetting

As we turn the page to 2025, it’s the perfect time to reflect, set new goals, and make plans to achieve them 🎯 May this year be filled with growth, success, and unforgettable moments. Wishing you a bright and prosperous New Year! From all of us at Anglian Wealth Management. #happynewyear

Merry Christmas from all of us at Anglian Wealth Management! May your festive period be filled with joy, laughter and love 🎄 #merrychristmas

Read the below for some Christmas Eve Eve inspiration...💡 #financialplanning #newyearnewgoals #mondaymotivation

The festive season is about joy and happiness, but it can often bring stress for many 😤 We want to make the most of the festivities, creating special memories and treating our loved ones to something meaningful. Whether it's buying gifts, hosting celebrations, or going out for festive events, the costs can quickly add up. However, this can sometimes lead to spending beyond our means, especially with the temptation of frequent outings, which may take a toll on both our finances and mental health. So, how can we strike a balance between financial stability and mental wellbeing? ▪ Stick to a budget that works for you and includes allowances for outings 🥂 ▪ If you're still shopping, prepare a list to avoid overspending 📃 ▪ Consider crafting a thoughtful, homemade gift instead of buying costly presents 🎁 ▪ Limit the number of expensive outings by exploring free or low-cost festive activities 🏠 ▪ Plan ahead and remind yourself not to carry financial worries into the new year 😌 #festivities #norfolkfamilylife #financialwellbeing #financialstress #moneyworries

𝑪𝒉𝒓𝒊𝒔𝒕𝒎𝒂𝒔 𝒈𝒊𝒇𝒕𝒊𝒏𝒈 – 𝒚𝒐𝒖𝒓 𝒕𝒂𝒙 𝒕𝒊𝒑𝒔... Gifting money or valuable assets this Christmas can make a real difference to the financial wellbeing and security of the whole family 🎄 Tax-smart giving moves money across generations – as tax-efficiently as possible. You can pick from cash gifts, gifts to trusts, children’s pensions or Junior ISAs, even helping pay for an upcoming wedding or civil partnership. Go Christmas shopping – without the crowds 🎁 Read on - https://lnkd.in/eHupqrqK #gifting #taxtips #taxes 

Navigating the impact of inheritance tax on farmers and landowners 🚜 The proposed changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) could reshape inheritance tax planning for the farming community. We break it down on our website: https://lnkd.in/eBJpW-Ak #AnglianWealthManagement #WealthManagement #PlanningYourFuture #NorfolkFarming