Smart Money Guides

Welcome to our latest issue. The first quarter of 2025 has been anything but steady for global markets. With the arrival of President Donald Trump’s new administration in the United States, economic tensions have surged worldwide. Global stock markets have been rattled as sweeping tariffs, intended to bolster the American economy, were introduced. While these measures may aim to stimulate domestic growth, on page 08, we consider their ripple effects that are reshaping global trade, inflation and investor sentiment.

The October 2024 Budget proposed sweeping changes to Inheritance Tax (IHT), significantly tightening the laws that were previously more forgiving for families with trading businesses and farmland. Effective from April 2026, these types of assets will now incur IHT at a reduced rate of 20% on valuations exceeding £1 million. On page 04, we consider why the changes are leaving many families scrambling to reassess their estate planning strategies.

Ten years ago, pension freedoms revolutionised how people access their retirement savings. These changes offered savers over 55 greater options to withdraw and manage their pension pots. However, a decade later, research indicates that many individuals are making critical financial decisions without seeking advice or fully understanding the tax implications. Read the full article on page 03.

A complete list of the articles featured in this issue appears on page 02.

Welcome to our latest issue. The UK tax year is a well-structured framework governing tax assessment and collection. It begins on 6 April and runs until 5 April the following year. As we approach the end of the 2024/25 tax year, maximising available opportunities is essential to make the most of your finances. Time is running out to review your plans and fully capitalise on tax-saving options. On page 12, this article explores some key strategies to ensure you finish the tax year in a strong position and make your money work harder for you.

The world is on the verge of an unprecedented intergenerational wealth transfer. Despite this monumental shift, many families remain unprepared, lacking structured plans to ensure their financial legacies are preserved or distributed according to their wishes. On page 05, we look at why wealth transfer planning involves much more than merely arranging for Inheritance Tax. This process requires asking crucial questions concerning your legacy, your beneficiaries and your long-term financial aims.

When planning for retirement, utilising a pension is one of the most effective ways to secure your financial future. The generous tax relief offered on pension contributions makes options like SIPPs (Self-Invested Personal Pensions) particularly advantageous. On page 08, we consider how to maximise investment opportunities, which could make SIPPs an appealing choice for appropriate investors.

For many earners in England, Wales or Northern Ireland, the highest Income Tax rate is 45%. However, while 45% is the highest ‘official’ rate, some individuals effectively pay a tax rate of 60% on part of their income. This phenomenon, commonly called the ‘60% tax trap’, affects those earning between £100,000 and £125,140. Turn to page 38 to find out more.

A complete list of the articles featured in this issue appears on pages 02 and 03.

Welcome to our Spring 2025 quarterly issue of The Mortgage & Property Magazine

Two-thirds of these homeowners significantly underestimate its worth, costing themselves substantial financial benefits. Research indicates that this widespread undervaluation leaves many homeowners at a disadvantage when it comes to unlocking their property’s potential. The study revealed that 64% of homeowners are unaware of the equity they have accumulated over the years. Additionally, more than one-third undervalued their homes by £100,000 or more. Read the full article on page 68.

The Spring Statement 2025, delivered by Chancellor Rachel Reeves on March 26, has ignited reactions throughout the property and mortgage sectors. On page 76, with the UK economy still facing numerous challenges, we look at the introduction of measures aimed at enhancing housing availability, stabilising market conditions, and addressing affordability. But what does this imply for homeowners and prospective buyers?

Climbing onto the property ladder is a significant milestone. However, for many first-time buyers, grasping the concept of mortgages can feel overwhelming. Turn to page 23 and read our guide to understanding the basics and exploring various options that can make the process smoother and less intimidating. With a clear plan and appropriate advice, purchasing your first home can become a reality.

Mortgage holders and prospective homeowners in the UK will closely monitor interest rates throughout 2025, hoping for a reduction in borrowing costs following a prolonged period of high rates. The Bank of England has recently provided some insight into its policy direction and outlook. But what does this mean for mortgage rates? Will variable-rate mortgage holders experience any relief? Find out on page 33.

A complete list of the articles appears on pages 03 to 05.

Are you looking to buy your first home, plan a move, refinance your mortgage, expand your property portfolio, or secure insurance?

Our team of skilled professionals is here to support you at every stage. With personalised guidance tailored to your unique needs and objectives, we are dedicated to making the process clear, seamless, and stress-free. We hope you enjoy reading our latest issue.