Independent Financial Life Planners Bishop's Stortford: Counting your blessings in the January gloom

Monday, 27 January 2014

Counting your blessings in the January gloom

Enables IFA’s in Bishops Stortford like so many others are glad to be the other side of Blue Monday. It is time to look for good news - the International Monetary Fund (IMF) has increased its growth forecast for the UK economy significantly , now expecting the economy to grow 2.4% this year - faster than any other major European economy - against its previous forecast of 1.9%. In 2015, it expects growth of 2.2%. The IMF has also raised its global growth outlook slightly to 3.7%.

With an economy that appears to be making it’s way out of the woods, against a global picture that is so much improved maybe January is a time to take stock and count our blessings. Maybe remembering the Autumn statement, focusing on the investor-friendly measures you can benefit from–remember the chancellor abolished stamp duty on exchange traded funds (ETFs), to encourage more ETFs to list in the UK rather than rival financial centres. It benefits retail investors, who now avoid the charge on the purchase of UK-domiciled products and the measure goes some way to improve the status of passive funds following the Retail Distribution Review, where they lost some of their historic cost advantages over active funds.

There was also the inflationary rise in the cash Isa allowance for the new tax year from £5,760 to £5,940 while the stocks and shares Isa allowance will increase by £360 to £11,880. The Junior Isa allowance will increase by £120 to £3,840 in April 2014. Maybe time to start thinking how to take small steps to help your finances feel more buoyant in the coming year. Our Independent Financial Advisors at Enable in Bishops Stortford are happy to help you count your financial blessings this January.

Issued by: Enable Independent Financial Life Planners
25c North Street, Bishops Stortford, Herts CM23 2LD
Telephone: 01279 755950 - Fax: 01279 657339
Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority.
It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us.
NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE

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IFA Bishop's Stortford

At Enable Independent we know that our clients trust us and rely on our advice to help them to plan a better, more secure financial future. This is a responsibility that we take very seriously especially because we know that many clients have chosen us on the recommendation of friends and family. Each one of our advisers has deep expertise in their area of specialist knowledge and, as a team, we hold some of the highest qualifications available in the financial advice industry.

Our job satisfaction comes from using our skills to find workable, affordable and flexible solutions to meet our clients needs. Whether we are planning for known future funding requirements such as house purchase, school fees or income in retirement - or for the unforeseen such as job loss, long-term illness or early death, our independence from any product provider enables us to view the marketplace impartially. Our training permits us to look beyond a product's marketing hype and select on the basis of its fitness for purpose.