During the Covid-19 lockdown UK households have been saving a lot more cash than normal. Bank of England statistics show that deposit balances had an average monthly increase of £53 Billion between March and May. As we slowly go back to normality this figure dropped to an extra £16 Billion in June. An additional £175 billion of deposits with banks since March, more than the cumulative total in most years. This increase in savings can partly be attributed to the [...]

Historically, most people had a set retirement date. Why is that? It's probably because that's what their employer set as a retirement date. But why then? Why retire when someone else says so? More importantly why retire at all? A wise man once said, we only retire from what we don't like doing. Unfortunately, many people don't have the option to do what they like so work is a requirement not a choice and sometimes it's not what you really [...]

Over recent weeks a feeling of doom and panic has been evidenced throughout the globe. Queues in supermarkets, empty shelves and a run on 'essential items' have all lead to a feeling of doom. Similarly, investment markets have suffered volatility not seen since the global financial crisis of 2008. As with that period, it is the uncertainty of where things are heading that causes the panic selling of stocks and shares, which ultimately lead to a spiral of concern [...]

We are now working from home and we are still available to help you with your queries. Please feel free to call us on 01732 834 834 or if you prefer email advice@citrusfinancial.co.uk and we will be happy to assist you.We are continuing to meet with our clients and where agreed still face to face using zoom meetings and facetime, we are also happy to chat by phone if you prefer.Rest assured if you have an appointment scheduled, we will [...]

A short update from David Braithwaite as to our actions taken in light if the Corona virus as at 16th March 2020.

As 2020 is now well under way, many of us will be looking to this year as the year that we put our finances in order. The starting point is being honest on what and how we spend our money. Whilst household and utility bills along with mortgage or rent payments must be made, there is plenty of discretionary spending that could be cut back on without having any major impact on your day to day life. For example, [...]

Not many of you will know, but Christmas for me personally has always been a more difficult and thoughtful time of the year, because on 18th December 2005 I lost my sister to breast cancer. I know a great many of you have also lost a loved one too and, as a result, this time of year will always be a reflective time for us all. In the latter stages of her life, my sister was cared for by [...]