Lowes Magazine Issue 120

INSIDE TRACK

DEMAND FOR COMPLEX TAX AND ESTATE PLANNING advice is expected to increase over the next five years. In part this is because the market is witnessing an exponential growth in the group of retirees whose family situation is more complicated in respect of their financial needs and planning. This can be due to, for example, extended families, children from previous marriages and a higher incidence of divorce than in the past in older age groups. This group of retirees currently is deemed to account for a third of the people seeking advice but it is expected to be the largest group by 2035. Typically, issues that arise concern tax, trusts, wills, gifting and family communication. If this is an issue for you or someone you know, Lowes Consultants are experienced in dealing with the complex family financial and inheritance issues and can help.

Planning is growing more complex

Make your money work. Best bank & building society rates Type Amount Provider Account

Gross Rate

Contact

Unrestricted instant access accounts Online 1 £1 +

Tandem

Instant Access Savings Account

0.55% www.tandem.co.uk 0.50% www.fordmoney.co.uk

Online

£1+

Ford Money

Flexible Saver

Accounts with first year bonus / restrictions Online £1+ Fixed rate bonds Online £1,000 - £1,000,000 Gatehouse Bank Online £1,000 - £1,000,000 Gatehouse Bank Cynergy Bank

Online Easy Access Account (Issue 42)

0.66% 2

www.cynergybank.co.uk

1 Year Fixed Term Green Saver 2 Year Fixed Term Green Saver 3 Year Fixed Term Savings Account

1.51% 3 1.75% 3 1.81%

www.gatehousebank.com www.gatehousebank.com

Online

£1,000 - £100,000

JN Bank

www.jnbank.co.uk

1 Once open, the account can be managed through the Tandem app and via email. 2 Rate includes a bonus of 0.36% for the first year. 3 This is the Expected Profit Rate (EPR). Gatehouse Bank will plant a tree in a UK woodland on your behalf for opening and funding your account. You may also wish to consider Premium bonds offered by National Savings and Investments (NS&I), maximum £50,000. Whilst no guaranteed interest is earned, they do offer the opportunity for tax free winnings. Measures of inflation - The average change in prices of goods and services over a 12 month period to August 2021 Retail Prices Index (RPI) 4.8% Consumer Prices Index (CPI) 3.2% Sources: Providers’ websites, Office for National Statistics, www.thisismoney.co.uk, www.moneysupermarket.com, www.moneyfacts.co.uk 14/10/2021. All accounts subject to terms and conditiwwons.

Grid n°439388506 hard

2

1 5

Sudoku We hope you enjoy this mind teaser – our latest Sudoku puzzle. To complete the puzzle fill the grid so that each row, column and 3x3 block contains the numbers 1 to 9. The solution to the puzzle can be found on page 13.

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9

2

6 3

1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9

9

3 1

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9

6

8

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

3

4

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

2 5

Follow us for company updates

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

8

2 3

9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9

9

4

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

@LowesFinancial

@LowesFinancial

Lowes Financial Management

2

8

1

6

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9

1 2 3 4 5 6 7 8 9 1 2 3 4 5 6 7 8 9

Source: www.printmysudoku.com

A number may not appear twice in the same row or in the same column or in any of the nine 3x3 subregions.

If you would like to receive further information on any of the subjects featured in this issue please call: 0191 281 8811 , fax: 0191 281 8365 , e-mail: client@Lowes.co.uk , or write to us at: Freepost LOWES FINANCIAL MANAGEMENT . Lowes ® Financial Management Limited. Registered in England No: 1115681. Authorised and Regulated by the Financial Conduct Authority. 3 Lowes.co.uk We ave all the free su okus you need! 400 new sudokus every week. Make your own free printable sudoku at www.PrintMySudoku.com