January 2026 Newsletter | Cylchlythyr Misol Ionawr 2026
What better way to start 2026 than to tick a few items off your financial 'to do' list:
1) Do you have an up to date will? If not, your estate will be divided per the laws of intestacy which basically follows the bloodline. Unmarried partners may be left much poorer whilst family members will benefit whether you want them to or not. Your family will be left with a mess to sort out, which is not a great legacy.
2) Do you have significant assets? You should plan, and at least be aware of, your Inheritance Tax position. Upcoming changes to inheritance tax on pensions (from April 2027) and agricultural and business assets (from April 2026) may impact your intended plan of action.
Huw is available for detailed reviews or check with your existing solicitor/accountant.
3) No matter what your age, but particularly if you are at or over pensionable age, financial and health power of attorneys are critically important to allow your family / close friends to look after your affairs if you become incapacitated.
4) Have you made a list of your financial assets and do your most trusted relatives / friends know where the list is kept? In the unfortunate event of early death / incapacity this will at least ensure that all of your assets are available to your estate.
5) What about your non-financial assets, such as your smartphone (including photos, messages and device backups)? If you have an Apple device, Apple will provide access if you add a Legacy Contact. This individual can then access the data stored in your Apple account after your death. Definitely one for the “to do list”.
6) Check your National Insurance record and your State Pension forecast on the Gov.uk website to correct any errors now, before you retire.
7) Are you receiving an acceptable amount of interest on your savings accounts? No excuses for leaving sums in low paying accounts given current Bank of England base rates.
8) Are you paying for many different types of insurance? You may have a comprehensive buildings and contents home insurance policy, but also took out insurance when you bought a product such as a phone or household appliance. Review your home insurance policy to ensure you are avoiding dual-insurance but also have sufficient cover for your needs.
Happy New Year to you all / Blwyddyn Newydd Dda i chi gyd!
