Kate Bailey Financial Planning Ltd

What a fantastic evening at the Networking Neighbours event in Rothwell last night! It was a great opportunity for Kate, Ryan and Reagan to connect with like-minded people from our local community 🙌🏽 A huge thank you to Jane Forbes and the Networking Neighbours team for organising such a welcoming and insightful event (and for the delicious cakes – definitely a highlight!)🎂 We’re already looking forward to the next one! #financialplanning #financialadvice #networking

Our new Associate Partner, Reagan Milne DipPFS has just wrapped up a productive few days down south, where he had the chance to observe client meetings and gain valuable insights. In addition to the professional work, he’s been exploring properties in preparation for his upcoming move to West Yorkshire 🙌🏽 We’re excited for him to settle in and dive into the next chapter! #financialplanning #financialadvice

🌟 𝗖𝗹𝗶𝗲𝗻𝘁 𝗧𝗲𝘀𝘁𝗶𝗺𝗼𝗻𝗶𝗮𝗹 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁 We’re thrilled to share this glowing feedback from one of Ryan Milne DipPFS recent clients! Ryan’s dedication to delivering exceptional service and tailored solutions is always at the forefront of what we do, and it’s great to hear how much this client appreciated his thoughtful, thorough approach. “Ryan was the perfect Financial Adviser for my needs. His professional yet personable approach, combined with his detailed analysis, ensured I received the best possible solution for my pension. He made the entire process easy to follow, explained everything clearly, and was a pleasure to work with.” It’s this kind of experience that we aim to provide for all our clients – expert advice with a personal touch. If you’re looking for tailored financial guidance, Ryan is here to help! #financialplanning #financialadvice

A huge congratulations to the Wakefield Jets for their outstanding 9-1 victory at the weekend! ⚽️ What an incredible performance — the teamwork and spirit you all showed was fantastic. We're so proud to support such a talented group of young athletes! Before the match, the team took a moment to observe Remembrance Day and pay their respects to those who have sacrificed so much for our freedom 🌺 Well done, Jets — you did us proud both on and off the pitch! #financialplanning #financialadvice #sponsorship

🎉 𝗛𝘂𝗴𝗲 𝗰𝗼𝗻𝗴𝗿𝗮𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗼𝘂𝗿 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲 𝗣𝗮𝗿𝘁𝗻𝗲𝗿, 𝗥𝗲𝗮𝗴𝗮𝗻 𝗠𝗶𝗹𝗻𝗲 𝗗𝗶𝗽𝗣𝗙𝗦 We’re excited to share that our Associate Partner, Reagan Milne, has officially passed his R06: Financial Planning Practice exam and is now a fully qualified financial planner! Reagan is eager to connect with both new and existing clients, listening to their goals and helping them navigate the next steps on their financial journeys. His passion for supporting clients, combined with his dedication to providing thoughtful, tailored solutions, will make a real difference as he begins offering his expertise. We’re incredibly proud of his hard work and look forward to seeing the impact he’ll have in the months and years to come. Here’s to this exciting next chapter, Reagan! 🙌 #financialplanning #financialadvice

🎉 𝗛𝘂𝗴𝗲 𝗰𝗼𝗻𝗴𝗿𝗮𝘁𝘂𝗹𝗮𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝗼𝘂𝗿 𝗔𝘀𝘀𝗼𝗰𝗶𝗮𝘁𝗲 𝗣𝗮𝗿𝘁𝗻𝗲𝗿, 𝗥𝗲𝗮𝗴𝗮𝗻 𝗠𝗶𝗹𝗻𝗲 𝗗𝗶𝗽𝗣𝗙𝗦 We’re excited to share that our Associate Partner, Reagan Milne, has officially passed his R06: Financial Planning Practice exam and is now a fully qualified financial planner! Reagan is eager to connect with both new and existing clients, listening to their goals and helping them navigate the next steps on their financial journeys. His passion for supporting clients, combined with his dedication to providing thoughtful, tailored solutions, will make a real difference as he begins offering his expertise. We’re incredibly proud of his hard work and look forward to seeing the impact he’ll have in the months and years to come. Here’s to this exciting next chapter, Reagan! 🙌 #financialplanning #financialadvice

💰𝗧𝗮𝗹𝗸 𝗠𝗼𝗻𝗲𝘆 𝗪𝗲𝗲𝗸 𝟮𝟬𝟮𝟰: 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟰-𝟴! It’s that time of year again—the Money and Pensions Service Talk Money Week is here! This initiative is all about breaking the silence around money and encouraging open conversations that can lead to better financial well-being for everyone. 𝗪𝗵𝘆 𝗧𝗮𝗹𝗸 𝗠𝗼𝗻𝗲𝘆? Empowerment: Discussing finances helps demystify money management and empowers you to make informed choices. Stronger Relationships: Sharing your financial goals and concerns can build trust and understanding with family and friends. Normalising the Conversation: Let’s break down the stigma surrounding money talk. By sharing our experiences, we can support each other and reduce anxiety. 𝗛𝗼𝘄 𝗬𝗼𝘂 𝗖𝗮𝗻 𝗣𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲: Start the Conversation: Reach out to your loved ones and share your money stories and tips. Join Local Events: Participate in workshops and discussions aimed at improving financial literacy in your community. Let’s come together to make financial conversations a regular part of our lives. Together, we can create a supportive environment where everyone feels confident discussing their finances! 🙌 #financialplanning #financialadvice #talkmoneyweek

🎃 𝗛𝗮𝗽𝗽𝘆 𝗛𝗮𝗹𝗹𝗼𝘄𝗲𝗲𝗻 Happy Halloween from all of us at Kate Bailey Financial Planning Ltd! We hope your day is filled with fun, treats, and a little spooky magic. Whether you’re celebrating with family, friends, or enjoying a quiet evening, we wish you a safe and enjoyable Halloween! 👻✨ #financialplanning #financialadvice #halloween

💼 Yesterday, Chancellor Rachel Reeves delivered her first Budget, outlining several significant changes that could impact individuals and businesses. 𝗧𝗮𝘅 𝗥𝗮𝘁𝗲𝘀: National Insurance, VAT, and income tax will not increase, with current freezes remaining until 2028-29 when personal tax thresholds will adjust for inflation. Capital Gains Tax will rise, with the lower rate increasing from 10% to 18% and the higher rate from 20% to 24%. The stamp duty surcharge on second homes will increase to 5%. 𝗜𝗻𝗵𝗲𝗿𝗶𝘁𝗮𝗻𝗰𝗲 𝗧𝗮𝘅: Thresholds will be frozen until April 2030. Estates up to £325,000 are tax-free, rising to £500,000 for homes passed to direct descendants, and £1 million when transferred to a surviving spouse. Starting April 2027, unspent pension pots will be subject to IHT, affecting around 8% of estates. 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗿𝘀' 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲: Contributions will increase from 13.8% to 15%, with the threshold lowered from £9,100 to £5,000. The employment allowance will rise to £10,500, exempting 865,000 small employers from paying any National Insurance. 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗪𝗮𝗴𝗲 𝗮𝗻𝗱 𝗣𝗲𝗻𝘀𝗶𝗼𝗻𝘀: The National Minimum Wage will rise by 6.7% in April 2025, reaching £12.21 for those 21 and over. The Basic and New State Pension will see a 4.1% increase, providing a £470 boost for over 12 million pensioners. 𝗢𝘁𝗵𝗲𝗿 𝗖𝗵𝗮𝗻𝗴𝗲𝘀: Fuel duty will remain frozen, tobacco duty will increase with a 10% rise on hand-rolled tobacco, and VAT will be introduced on private school fees starting January 2025. If you have any questions or concerns, please reach out to one of our team! 🙌 #financialadvice #financialplanning #autumnbudget

The Chancellor of the Exchequer, Rachel Reeves, delivered her Autumn Statement on the 30th of October and here’s a brief update on some of the key points: • Basic State Pension increase – the State Pension Triple Lock will be maintained for the duration of this parliament. Spending on the state pension is projected to rise 4.1% in 2025-26 – a £470 increase for over 12 million pensioners in the UK. • Fuel duty – 5p cut will be maintained and fuel duty will continue to be frozen. • Tobacco duty – the tobacco duty escalator will be renewed at RPI +2%. Duty on hand-rolled tobacco will increase by 10% this year, a flat-rate duty on all vaping liquid will be introduced from 2026, and a one-off increase in tobacco duty, to maintain the incentive for smokers to give up smoking. • Alcohol duty – Draught duty will decrease saving 1p off a pint in the pub. • Electric Vehicles – existing incentives for EVs will continue in company car tax from 2028. • Carers allowance – will increase from £81.90 per week to the equivalent of 16 hours at the National Living Wage per week. • VAT on private school fees – will be introduced from January 2025. And legislation is planned to remove business rates relief from schools from April 2025. Tax rules can change and the impact of taxation, and any tax relief, depends on your personal circumstances. If you have any questions about this, or anything else, please get in touch.