Telephone Update

All our regular telephone lines are now back up and working correctly, so please disregard yesterdays temporary number updates.

All the numbers shown on the web site are currently functioning correctly.

Philip Dales
Principal

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PHONE LINE UPDATE

Following continued phone line issues please be advised that none of the Newark based numbers are currently working, therefore please redial any of our other numbers and we will direct your call.


Newark – please use either 0333 77 20 501 (our mobile friendly number) or 0115 772 2049

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Telephone System error:

Please be advised there is currently a routing error with some of our telephone lines: Therefore as an interim measure please use any of the following numbers to contact DALES:

Nottingham:                    0115 772 2049
Newark:                          01636 870 035
ALL mobile friendly:        0333 77 20 501

These lines have been tested and are connecting correctly at present, the web site will be updated shortly with these numbers:

Just to reiterate our regular numbers, please redial as follows:

Notts: 0115 832 0265 should be redialed   0115 772 2049
Newark: 01636 870 069 should be redialed   01636 870 035

Or in all cases please feel free to use the mobile friendly: 0333 77 20 501. 

We apologise for any inconvenience this telephone issue is causing.

Philip Dales
Principal

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To ISAs or not to ISA

What is an ISA?
The
dictionary term is: – “an Individual Savings Account (ISA) allows individuals
to hold cash, shares and/or unit trusts tax-free on dividends, interest and
capital gains.
What does this mean?
Each
tax year the Government ‘generously’ gives us a tax-free allowance on savings
held within an ISA.
In
July 2014, the Government increased this allowance to £15,000.  The Government has already announced the new
ISA allowance the coming 2015/16-tax year of 
£15,240.
Growth
or income from ISAs is tax-free.  You
don’t even need to declare the income you receive on your tax return.
provided
you have not exceeded your allowance for the tax year.
What’s the difference between the different
types of ISAs?
There
are two types:
CASH ISA
A
Cash ISA works pretty much the same as any other savings accounts except the
interest earnt is tax-free.
This
type of ISA is great for someone that wants to be tax efficient, but may need
access to the cash to cover unexpected bills. 
Within a Cash ISA your cash remains as cash and can therefore be removed
at any time.  You can add to your ISA but
only up to the £15,000 withdrawn
The
downside to Cash ISAs is that interest rates are still very low.  Cash is an inefficient way to save for long
term goals.
STOCKS & SHARES ISA
A
Stocks and Shares ISA invests your money in other equities such as Gilts and
Bonds to Unit Trusts and Investment Trusts and OEICS a range of stocks and
shares from government stocks and bonds to unit trust and holdings in blue-chip
companies.  It can also hold cash much
the same as a Cash ISA.
Compared
to a Cash ISA, a Stocks and Shares ISA has a higher potential return but with
it comes a greater risk and cash may not be instantly available.  The value may experience fluctuations in
accordance with the market.
A Equity
ISA should be considered as a long-term investment (3-5 years) rather than a
short-term cash holding.  Most often,
this suites people with a little more cash spare or people looking at longer
term savings or goals, as their ISA allows them to invest tax-free in the
long-term, but still leaves them with liquid assets available in case of an
emergency.
Who can open an ISA?
ISAs
are open to UK residents only (Crown Employees).  Cash ISAs can be opened from the age of 16
with Stocks and Shares ISAs from 18.  
There
are special Junior ISAs available with some extra rules, if you would like more
information about Junior ISAs, please contact us.
It’s
important to note that ISAs can only be opened in an individual’s name.  They cannot be opened jointly which means
that a couple can have two ISA allowances each year.
ISA Golden Rules
1.             
You can only open one ‘new’ ISA of each type
each year.
2.             
You have one allowance per tax year, per person.  You can choose to place this all in a Cash
ISA or all in a Stocks and Shares ISA or you can opt to mix and match and spilt
your allowance between a Cash ISA or a Stocks and Shares ISA.
3.             
If you fail to use your ISA allowance before the
end of the tax year it cannot be rolled over so once it’s gone it’s gone.
4.             
If you want to switch providers for any reason,
no problem, just remember do not remove or disinvest yourself.  Once it has been removed from it’s ISA ‘wrapping’
anything that was within it looses its tax-free status.  Your new provider will do the transfer for
you, which retains the ISA status and does not effect this years’ allowance.

Should
you wish to discuss ISAs or any other element of your financial planning needs,
please call us on 01636 870 069.

Inflation: Are we looking at goods times or more bad times?
With
inflation sitting at it’s lowest in a decade and half (1.5% below the Bank of
England’s target of 2%) and now finally below wage increases; are we set to see
an end to the longest economic squeeze since Victorian times?  Lets examine the evidence:
We
are already seeing a significant fall in oil prices, now approaching their lowest
since records began in 1989, and in all likelihood inflation will probably
follow.  Capital Economics have suggested
that the average household is set to benefit around £455 per year just in the
fall of oil prices alone.
We
are also likely to see a “tax cut” in other areas over the next coming months
and with low inflation and rises in wages this means our pockets are going to
be a little fuller than they have been over the last couple of years.
But
low inflation and falling prices are only good in the short term.  Over the long term, Economists have concerns
that we may see ‘bad inflation’ similar to that witnessed in the US in the
1930s when inflation continued to fall with wages following shortly
afterwards.  This kind of ‘bad inflation’
last longer, has weaker growth and therefore takes longer for the economy to
recover.
There
are already concerns that this is already starting to evidence itself in Europe
(not including the fall in oil prices), particularly in Greece.  In an attempt to prevent this, European
Central Bank is set to begin quantitative easing in the coming months and with
this carries risk and unpredictability.

So whilst
in the short term we are expecting to see cheaper prices, increases to wages
and an overall improvement in the standard of living, in the long term,
however, things are still uncertain for the time being.
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Income Protection if you have to become a Carer

Income Protection if
you have to become a Carer
Most
people consider protecting their income if they become unable to work due to
their own ill health.  However, it is
estimated that 3 out of 5 people will become a Carer for a relative at some
point in their lives.  If this were to
happen to you, could your family afford for you to give up work?  In most cases, probably not!
Friends
Life have recently introduced Family Carer Benefit within their Income
Protection policies.
So
what does this mean?  If a child, spouse
or civil partner requires full-time care you could claim up to £1,500 per month
for 12 months to help cover the costs of adjusting to your new family life or
having to give up your full-time job. 
You don’t actually even have to give up working if this does not suit
you and your family.
To
find out more about Income Protection and Family Carer Benefit call us now on
01636 870 069.

One for the guys
Men,
did you know that you are more likely to be diagnosed with cancer rather than
suffer a heart attack or stroke?  And did
you know that prostate cancer is the most common form of cancer in men?
According
to Cancer Research statistics in 2011 41,736 men were diagnosed with prostate
cancer with 10,837 deaths in 2012.  http://www.cancerresearchuk.org/cancer-info/cancerstats/types/prostate/
Advances
in treatments and early diagnoses has led to higher survival rates with 84% of
men diagnosed between 2010-2011 predicted to survive for 10 years or more but
what if the worse should happen?  Does
your life insurance cover early diagnoses and low-grade cancers?
More
and more frequently life insurance companies are recognising the importance of
early diagnoses and tweaking their policies to reflect this and make themselves
stand out.  A good example is Bright Grey
who have just announced an adjustment to their critical illness policy to include
low grade prostate cancer.
They
have decided that they will pay out 20% of your cover (up to £15,000) should
you be diagnosed with a specified stage of prostate cancer.  If later, things progress for the worse and you
meet their full critical illness definition, they will then pay out the full
amount of your cover.
If
you would like to discuss life insurance in more detail, call one of our
Advisers on 01636 870 069.

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Extra protection for woman
According
to Cancer Research the number of woman diagnosed with cancer has risen by 43%
since 1970.  In light of this, Bright
Grey has added 2 new early forms of female cancer to their list of additional
conditions.
This
means that should you be diagnosed with Carcinoma in-situ of the cervix uteri
(requiring a hysterectomy), borderline ovarian tumour (requiring the removal of
an ovary) or ductal carcinoma (an early form of breast cancer) Bright Grey will
pay out 20% of your cover (maximum of £15,000). 
Should this then lead on to a critical illness, as per their list, you
will then receive the full amount of cover.

If
you would like more information about critical illness and how it could
protection you and your family, contact DALES on 01636 870 069.
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Why poor Walt should have seen a Financial Adviser

Why poor Walt should
have seen a Financial Adviser
For
those of you who haven’t seen the hit TV series Breaking Bad, the story follows
Walt, a chemistry teacher who’s diagnosed with lung cancer and his radical
approach to ensuring the financial security of his family on his evitable
demise.
If
you put Walt’s money laundering, corruption, extortion and generally becoming a
criminal mastermind aside, would Walt have acted differently if he had known
that he would be diagnosed with lung cancer? 
He probably would have.
Obviously
not counting the numerous laws he’s breaking, Walt’s real predicament is that
he should have seen a Financial Adviser earlier in life and had simple family
income benefit policy put in place.  This
would mean that whether he was diagnosed with lung cancer or suffered a fatal
accident his family would have received a lump sum pay out and/or monthly
income for the rest of their dependency and his whole life of crime could have
been prevented.
We
are a society that is very quick to assume that we will never be diagnosed with
a terminal or critical illness or be involved in a fatal accident.  But if that were to happen, what would your
family do?

Life
insurance is not as expensive as you think considering the consequences of not
ensuring the financial security of your family, should something happen.  Why not speak to a Financial Adviser today?