J S Jones IFA Ltd

08/02/2024

The Pensions and Lifetime Savings Association (PLSA) highlighting the jump in retirement income needed to deal with the cost of living crisis.

According the the PLSA the pensions savings needed for minimum, moderate and comfortable lifestyles are:

Minimum - £70,000
Moderate - £300,000 - £500,000
Comfortable - £490,000 - £790,000

Experts estimates that a single person needs £31,300 a year for a moderate retirement, up £8,000 on last year.

29/11/2023

🌟 Update: Our phones are up and running again 🌟

28/11/2023

🌟 Unfortunately our phone lines are currently down. We are working to get this rectified as soon as possible. If you need to get in touch, please email [email protected] 🌟

12/10/2021

Income protection has been a huge topic of discussion since the start of the pandemic, especially with the rise in people suffering with Long Covid.

Would your loved one's standard of living be impacted if you couldn't work? Could the bills be paid? Would the worry of having enough money cause stress and anxiety?

According to the Financial Capability Strategy for the UK, only 49% of UK adults could last at least 3 months without borrowing if they lost their main source of income.

If you feel you may struggle in the event of long term sickness, Income Protection may be a consideration to help secure your family.

14/07/2021

🎊 We are ready to welcome back our clients to the office 🎊

To help protect the community, clients and staff, we request the following:

- Please ensure you have booked an appointment via telephone or email first, we currently cannot accept 'walk-ins' because of the importance of cleaning the office after each appointment

- Please use the hand sanitiser available through the front door and on the stairs

- Please wear a face covering throughout your time in the office. There are disposable face masks available by the front door should you need one

We look forward to seeing our clients in person again! Stay safe!

08/07/2021

PENSIONS... they can be confusing and complicated 🤯 but so important for your retirement!

As with all savings, it can take a long time to build up a retirement pot, but the sooner your start, the better. Even if it is only a small amount a month - it all helps!

Are you currently paying into a pension scheme?

If you are employed, aged between 22 & State pension age and earning over £10,000 per year, you should have been automatically enrolled under a workplace pension scheme by February 2018.

If you are employed, aged between 22 & state pension age and earning between £6,240 and £10,000 per year you are entitled to join the workplace scheme, but you will not automatically be enrolled.

Under both the above scenarios, you and your employer contribute into a pension scheme – the minimum contribution rate for work place pension schemes is currently 8% of qualifying earnings (of which at least 3% must be met by the employer). Please note that your investment can go down as well as up and you may not get back the full amount invested. It is important to review and monitor your pension savings to keep you on track for your retirement date and desired income level.

You should have received an annual statement from your workplace pension provider (this could be online only or through the post), or received communication on how to create your own online log in to monitor your pension pot.

30/04/2021

Would your family cope financially if the worst happened to you?

We insure our homes, cars, appliances, phones, TVs. Have you ever thought of insuring yourself? Could your family continue with the same standard of living without your income?

If you want to talk about the different types of life insrance available, please feel free to send us a message or give us a call. We are here to help plan for your family.

Financial Planner

19/03/2021

Click the link below to read the common myths about stocks and shares ISAs published by Hargreaves Lansdown.

https://www.hl.co.uk/news/articles/5-myths-about-stocks-and-shares-isas?cid=halDM171921&bid=669736210&e_cti=5195151&e_ct=F&utm_source=AdobeCampaign&utm_medium=email&utm_campaign=EI506_ISA%20Myths_16.03.21&theSource=EI506&Override=1

The value of your investments can go down as well as up and you may not get back the full amount invested.

18/03/2021

As we approach the end of 2020/2021, here is a reminder of some financial allowances available to you:

- Individual Savings Accounts (ISAs) - £20,000 (over the age of 16 for Cash, 18 for stocks and shares)
- Junior Individual Savings Accounts (JISAs) - £9,000 (for children under the age of 18 – anyone can pay money into a JISA, parents, grandparents etc)
- Lifetime ISA (savings for your first home or later life) - £4,000 (this counts towards an adults £20,000 annual allowance)
- Personal savings allowance (PSA) - £1,000 for a basic rate tax payer. £500 for a higher rate taxpayer
- Personal allowance for income - £12,500
- Marriage allowance – allows £1,250 of your personal allowance to be transferred to your spouse to help reduce an income tax liability
- Blind person’s allowance - £2,500
- Pension annual allowance - £40,000
- Capital gains tax allowances - £12,300 (£6,150 for trusts)

Allowances are there to be utilised and can help organise your finances, build your savings and reduce potential tax liabilities (subject to change and their value depends on the individual circumstances of the investor).

The value of your investments can go down as well as up and you may not get back the full amount invested.

10/03/2021

It is time for the annual Dynamic Planner conference. Very different this year with it being a virtual conference.

These conferences allow us to hear the latest developments of tools which assist advisers and clients with financial assessments and planning. As well as listening to talks and debates from several companies and experts about the current Global market situation and outlooks.

Merchandise is certainly better in person! Not quite the same grabbing a pen and notebook from your desk! The picture below is what was collected from last years conference 😄

22/06/2020

Life Insurance & Family Protection – Are you confident that your family would be able to manage financially should the worst happen to you? Would you be able to keep up with your financial commitments and lifestyle if you were suddenly unable to work due to a serious accident or critical illness? Life Insurance and Critical Illness protection are there to help provide for your family should the worst happen to you.

J S Jones IFA Ltd offer advice on protection products and will assess your individual needs and circumstances to recommend suitable products to ensure financial protection for you and your family. Click the message link to get in touch if you would like to have a chat. Thank you.