Thera In the press
For any press enquiries or for comment, please contact: Philip Dragoumis, Director & Independent Financial Planner philip@therawealth.co.uk
24 Mar 2025
Splashing the cash: How wealthy retirees are avoiding inheritance tax
Asked about older people aiming to spend their pension cash, Philip Dragoumis, the director and owner at Thera Wealth Management, gives the example of a “wealthy widow” in her 60s with a daughter in her 20s “who is planning to take lots more expensive trips abroad now with her daughter than before”.
25 Feb 2025
Proxy Cash ISAS
But Philip Dragoumis, director and owner at Thera Wealth Management said savers who wanted to keep investing their full £20,000 ISA allowance cash could take out a stocks and shares ISA that invests in cash-based assets, a proxyHe said: "You can easily replicate the cash in a cash ISA with sterling money market funds — funds that hold multiple deposits and very short term gilts in various banks."
24 Feb 2025
80bn gilts set to mature
Philip Dragoumis, director at Thera Wealth Management, said buying low coupon gilts directly can still be very tax efficient especially for higher or additional rate tax payers as they are free of capital gains tax. He added: “UK bonds currently continue to offer yields above inflation, act as a diversifier and a hedge against a possible recession. “Investors who prefer lower volatility should look at short-dated bonds or funds, those with higher risk profiles and longer investment horizons can incorporate more volatile longer dated or inflation linked bonds into their portfolios.”
16 Feb 2025
“The UK is not having a sovereign debt crisis”
But Philip Dragoumis, director and owner at Thera Wealth Management, said he had made no changes to client portfolios specifically related to the January rise in gilt yields.“Despite the panicked cries from the right wing press the UK is not undergoing a sovereign debt crisis and there are no indications that this is imminent.”
02 Jan 2025
Experts share their tips for improving your finances
Philip Dragoumis, director at Thera Wealth Management, says: “Do you have enough cash on hand for emergencies? This can be anything from the boiler breaking down to you losing your job. Having six months of expenses is a good start – more if you work in a volatile business sector.”
31 Oct 2024
“Tamer than expected” Advisers react to Budget
The devil is in the details, however, If you read and believed the Telegraph over the past month or so, Labour was about to introduce communism by seizing our property..and our first born. Article continues after advert “It's been a much tamer budget than expected. CGT was not raised to income tax levels, there were no changes on pension tax-free cash, lifetime allowances or annual allowances.
06 Aug 2024
Black monday- what the current stock market turbulence means for your savings and investments
Philip Dragoumis, director and owner at Thera Wealth Management, said it’s “not all bad news”. He added: “Bonds are going up, interest rates are going down, oil prices are falling, and gas prices are collapsing — all of which are helpful for the economy. I
20 Mar 2024
Advisers mixed on emerging market allocation
Commenting on his approach to emerging markets, Philip Dragoumis, director and owner at Thera Wealth Management, said the company held around a 10 per cent allocation to emerging markets within the equities portion of its client's investments and zero in bonds. “This is pretty much in line with the global indices. We use emerging market equity index funds,” Dragoumis added.
20 Mar 2024
Is it time to dump global trackers?
Philip Dragoumis, director at Thera Wealth Management adds that the market often goes through concentrated periods. “Throughout the last hundred years there have been many times when the market has been concentrated around one group of stocks, or one geography or one sector,” he says “Global Index returns have not been the worse for it.