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Hastings has a variety of events going on over the next few months to keep the town entertained and bring in more tourists to our seaside town.

Here is a list of what is happening in the town between June and September.

Hastings Town and Country Fair

Hastings town and country show

Now in its 8th year this popular family event takes place in pretty Alexandra Park on Saturday 3 – Sunday 4 June. All day entertainment will include the Dog & Duck Show, 1066 Reptile Display Team, birds of prey flying displays, terrier racing, children’s entertainer Mario Magic, the goat show including bottle feeding lambs and kids, children’s petting pens, historical re-enactment and much much more. Plus demonstrations of rural skills for you to enjoy.

Hastings Fringe Comedy Festival

Hastings Fringe

The 2nd annual Hastings Fringe Comedy Festival will be taking place from June 14 – June 18. With some of the best established and up and coming circuit comedians bringing previews and working progress shows to some of Hastings favourite venues in the Old Town.

St Leonards Festival

st leonards festival

Back with a brand new look, this event takes place on Friday 30th June (evening only) and Saturday 1st July 2017. There will be activities happening across the town including the Kings Road Market, Street Theatre and Performances, musicians and a beach zone. There will be plenty of family entertainment for everyone to enjoy at this unique and reinvented festival. Don’t miss out!

Hastings Pier Jam

Hastings Pier Jam 2017

Saturday 1st July 2017 you can have the opportunity to get your jam on at this lively event at Hastings Pier. The line up includes Gorgon City, Amine Edge & Dance and Redlight. Tickets are available to buy but they’re selling out quickly! The event will be held between 3pm and 11pm but the minimum age to get in is 18. Click here to buy your tickets.

Hastings Beer & Music Festival

Hastings Beer and Music Festival 2017

This is the best music event of the summer and is held in Alexandra Park in Hastings. This event runs between Thursday 6th July until Saturday 8th July 2017. So if you’re looking to have a bit of fun in the sun and enjoy great music, good company and a lovely atmosphere, make sure you get yourself along to this event. The best part is that it’s all for charity! There’s something for everyone, even the kids!

Hastings Pirate Day

Hastings Pirates Day 2017

If you’re up for dressing as a pirate, want to hear some good music and get involved in some awesome entertainment, then don’t miss Hastings Pirate Day on Sunday 16th July 2017. Get yourself to Hastings Old Town for a day of festivities. You can expect a golf competition (pirate themed, of course!), a pirate and craft market, a fancy dress competition and lots more.

Hastings Old Town Carnival Week

hastings old town carnival

This exciting event takes place from Saturday 29th July until Sunday 6th August 2017. It will include the Pram Race, Sea Boot Race, Bike Race and the spectacular carnival itself. You can expect lots more events throughout that week including competitions for both men and women.

George Osborne fulfilled an election promise in the recent Budget to lift main family homes worth up to £1million out of inheritance tax if they are left to children or grandchildren.

However, the way it works is more complicated than it sounds so people are understandably thinking about where this leaves them in terms of inheritance planning.

In line with these changes, the Government is also still working out the details of an ‘inheritance tax credit’, so people who own an expensive home and want to sell it before they die can still benefit from the changes.

This is to avoid elderly people skewing the housing market by staying put rather than moving to a smaller property or into a care home.

The tax overhaul of last April produced the pension freedom reforms giving over-55s greater control over how they save, spend and invest their retirement pots.

People are stashing more into their pensions and trying hard to preserve what is already in there, according to recent research among over-50s by Investec Wealth & Investment.  

How to make the best use of these changes

The good news is that you may not need to move house to benefit from the full inheritance allowance. The bad news is that the full allowance may not be £1 million depending on your circumstances.

If we look at what we know so far about the new ‘Main Residence Nil Rate Band’, the Chancellor was eager to stress that £1 million could now be passed onto your children tax free, but in practice a number of conditions must be met for that to happen.

Firstly, the £1million is made up of the £325,000 standard nil rate band for both husband and wife or civil partners, plus an additional Main Residence Nil Rate Band of £175,000 for both husband and wife.

The total of those allowances, assuming all are fully available, is £1 million. However, the MRNRB will be introduced in April 2017 at only £100,000 and increase in stages to £175,000 by April 2020. It will also be means-tested, with estates above £2 million losing £1 of their MRNRB for every £2 their estate exceeds £2 million. In practice, this means that to pass down £1 million to your children you must:

a) Be married or in a civil partnership
b) Own a house worth £350,000 or more
c) Have a total estate of less than £2million
d) Die after April 2020, or your spouse must die after that, because on first death any unused nil rate band is transferred to the surviving spouse.

The key point to all of this is that your property only needs to be worth £350,000 to fully utilise the MRNRB, so you may not need to move house after all. You could waste your MRNRB if the property is left to someone other than your children or spouse on death. With pensions as the alternative, it used to be the case that you had to die before age 75 having not touched your pension, in order to receive the fund tax free, any funds remaining on death were taxed at 55 per cent.

The new changes now mean that if you die before 75 any remaining pension funds, whether they have been used to provide benefits or not, can be passed tax free to nominated beneficiaries. If you die after 75, the pension fund will be exempt from inheritance tax, but your nominated beneficiaries will pay income tax at their own tax rate as they withdraw the funds. If you are a higher rate income tax payer and you believe your children to likely be basic rate when they take the funds, then living on other assets and leaving your pension to your children will probably be the most tax efficient way of passing on your estate. If you are a basic rate taxpayer and they are higher rate, then it will probably be better for you to take your pension at basic rate to fund your retirement and leave the other assets in your estate to your children. You can also take more than you need and gift the excess to your children over a number of years. Before making any life changing financial decisions, it is recommended that you should always consult your professional financial adviser. 

Need more help?

This feature aims to give some informal hints and tips. McPhersons Financial Solutions are offering businesses free advice so get in touch now to arrange your meeting. Simply email Peter Watters p.watters@mcphersons.co.uk or call our Head Office on 01424 730000 for a free consultation at McPhersons’ London, Bexhill or Hastings offices. www.mcphersonsfs.co.uk

New research from an online careers site highlights the struggle facing full-time parents in today’s economy, as 33 per cent of working parents state they have been asked to work less by at least one of their children. In addition, 42 per cent of men and 35 per cent of women feel their work has negatively affected their relationship with their children.

The national survey, which was conducted online on behalf of CareerBuilder UK, included 200 working mothers and 180 working fathers between March and April 2015 who have children that are 18 years old and younger and are living at home with them.

Creating a Better Work/Life Balancefamily
When asked how many hours they get to spend with their children, 38 per cent of respondents said it was less than two hours per day. And for some, a high salary doesn’t compare to the price of quality time with family. Almost half of working mums (47 per cent) and 39 per cent of working dads said they would be willing to take a pay cut to spend more time with their children.

Leaving the Workforce
Men and women are equally as likely to take leave from the workforce should the right circumstances present themselves. Forty-seven percent of both mums and dads said they were likely to leave their job if their spouse or significant other made enough money for the family to live on comfortably.

Can Working Mums and Dads Have It All?
When it comes to “having it all” male workers tend to show more optimism than female workers. Sixty-five per cent of male workers believe they can achieve success in both their career and parenthood, compared with 58 per cent of female workers.

“Traditionally, men have been expected to be the breadwinners for their households, but the dynamic is shifting. While 52 per cent of working dads remain their family’s sole financial provider, now 37 per cent of working mums provide the only salary for their household,” said Scott Helmes, Managing Director at CareerBuilder UK. “While the vast majority believe it’s possible to ‘have it all’ in terms of career and children, maintaining a healthy balance between the two can still be a struggle.”

Helmes offers the following tips for working parents to create a better work/life balance:

  • Don’t be a slave to the traditional 9-to-5: Get more flexibility in your schedule with an alternative work arrangement. Ask your manager about options like flexible working or working from home
  • Learn to say no: You can’t be everything to everyone all the time. Know what your priorities are and don’t be afraid to say no to things that will interfere with those priorities
  • Make time for yourself: You’re no good to anyone if you’re not taking care of yourself. Schedule time each day dedicated to relaxing and recharging