15 Aug Investing for the Future

Virtue Money is a family run business with strong links to our local community so when the opportunity recently arose to lend our support to a local group of secondary school pupils we jumped at the chance.    The project in question is “Team Accelerace” all-female team from Linlithgow Academy who have entered into the F1 in schools competition. F1 in schools is a global initiative who’s aim is to encourage young people, from all backgrounds, to progress in their science, technology, engineering and mathematics (STEM) education with the view to more young people going on to STEM-related careers.    The aptly …

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Why having a diversified Portfolio is Important!

Diversification can help to manage risk. You may avoid costly mistakes by adopting a risk level you can live with. It’s easy to find people with investing ideas—your hairdresser, your neighbour, or an “inside tip” from a someone “in the know”. But these kinds of well-meaning but not necessarily informed suggestions aren’t a replacement for a real investment strategy. At Virtue Money we believe that setting and maintaining your strategic asset allocation are amongst the most important ingredients in your long-term investment success. No matter what your situation, this means …

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How to avoid being a victim of a Pension Scam

The Financial Conduct Authority(FCA)  and The Pension Regulator(TPR) have recently launched a campaign to alert people of the risk of pension fraud after it was reported that victims of pensions scams lost on average around £91,000 last year according to the figures reported by Action Fraud.   Although according to the Financial Conduct Authority’s Financial Lives report suggest this figure may be higher after figures suggest that 107,000 people between 55 to 64 may have been victims of pension scams in the last year.   The new campaign names “ScamSmart” aims to …

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How to Plan Your Financial Future

There is no crystal ball to tell you what your financial future will look like however with a bit a plan there is a way to give you a clearer picture of what retirement can look like for you.    At Virtue Money we believe that Cash Flow Modelling is an excellent way to start planning your retirement and help with your lifetime cash flow.      We input detailed information supplied by you into our software system and can build in various “what if” scenario’s like what if the children go to university, what if we pay …

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Tax – Are you paying more that you need to?

So, you’ve put it off – it was Christmas after all – and now as January draws to a close the deadline – 31st January 2018 – for HMRC’s self-assessment looms again.    Although the subject of tax is a thorny one for most of us we all understand how important tax is to ensure that the country’s infrastructure remains running.  However, it’s important to remember that although we must pay our taxes, the Government does afford us a number of allowances for actually saving tax.    At Virtue Money we always advocate taking full advantage of …

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04 Dec Financial Advice – What’s the cost?

There will be times in your life when you need to think about different financial products to suit different financial situations. That’s where an Independent Financial Adviser firm like Virtue Money comes in.  We can guide you through the process and give you advice to help you make the right decision about the most suitable product(s) for your situation. As Virtue Money is an independent adviser we can advise on and sell products from any provider right across the market.  This means that we’re not restricted to certain products and …

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27 Nov Pensions and the Younger Generations

If you are in your late 40’s to 50’s there is a good chance that you have worked for a Company that operated a Defined Benefit Scheme sometimes also known as a Final Salary Scheme. Defined pension schemes pay their members a secure income for life which increases each year. The pension income, if you are lucky to be a member of one of these types of schemes, is normally based on your pensionable service (the number of years you’ve been a member of the scheme), pensionable earnings (this may …

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20 Nov Protecting Your Loved Ones

  It’s a subject that no-one likes to think about let alone discuss but what provision do you have in place for your family in the event of your death? A life insurance policy is an insurance contract. In exchange for regular premiums, the contract offers to pay an agreed lump sum of money on joint life policies if one of the lives covered dies during the term of the policy. Generally, the younger and healthier you are the cheaper this type of insurance is and when your family is …

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24 May We can help you plan your retirement, free of charge

Join us for our Pre-Retirement Seminar We understand that retirement planning is an extensive task, which is why Virtue Money has been working together with a number of specialists to offer that service to you, all in one place. What we provide Our Pre-Retirement Seminar provides you with an opportunity to hear from and speak to: Financial Advisers A local Solicitor A Tax Specialist Retirees sharing their own experiences. Our seminar will offer the support and expert guidance you need to help you make informed choices about your future. Book …

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14 Jul Brexit – Guide to how it could affect your finances

  Welcome to our Guide to how Brexit could affect your finances. The UK’s exit from the European Union after 43 years is now set to happen. The vote by a majority of British people to leave the European Union on Thursday 23 June represents a very significant decision for the UK, for the European Union and indeed for the wider global economy. The UK voted to leave the EU by 52% to 48%.   Click here for full document

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