Harrogate hairdresser to rebrand with new name and new look

The Joseph Ferraro salon on Cheltenham Crescent in Harrogate is to be taken over by salon manager Nicola Rayner and rebranded with a new name and new look.

Ms Rayner has worked for Joseph Ferraro, who has another salon on Leeds Road, for 10 years and been part-owner of the salon for six years. But the pair have now decided to part ways and Miss Rayner is taking on the salon alone.

From August, she plans to rebrand as Rayner and Green and refurbish the salon. She said:

“As the years have gone on we both decided it was the right time to separate and I’m really excited to take on the salon as my own. All of my team will be staying with me too.”

Ms Rayner and her four staff intend to make a few changes including setting up Klarna, a payment app which allows customers to pay for their hair appointment over a number of instalments.

Read more:

• New owner takes over Harrogate’s former Farrah’s sweet shop
• Harrogate-based Cloud Nine sees turnover rise by a third

Investment advisor with Harrogate branch makes deal with The Law Society

Wealth and investment advisor, St James’s Place, has struck a deal to become strategic partner of the Law Society of England and Wales.

As part of the relationship St James’s Place (SJP) will help solicitors at all stages of their professional career decide how to invest, manage significant cash bonuses or business cash flow, acquire or merge with other practices or create a legacy plan for their business.

The advisor has more than 4,000 partners across the UK with one of those offices being in Harrogate. The deal allows it to work with all solicitors represented by the Law Society.

Paul Ainslie, head of campaigns and partnerships at SJP, said:

“I am delighted that the Law Society of England & Wales have chosen to work with St. James’s Place, affording us the opportunity to expand on the support we already provide to solicitors via The Law Society of Scotland.”

“Our remit is simple, we will share our professional expertise with members so that they have the confidence and knowledge to help make the right decisions at the right time to create the future they want for themselves, their family, their business and their clients.”

This article is sponsored by James Henderson Wealth Management.

It’s estimated that considerable savings have been built up by some Brits during lockdown, and for many, especially younger people, this could be a once in a lifetime moment to think ahead.

If you’re one of the lucky ones who’ve been able to save money over the past year, do you have a plan for it?

You might be thinking about buying a new car, splashing out on a holiday, or simply saving it for a rainy day. If you’re thinking about saving, read on. If you’re not, read on anyway, because it might change your mind!

Jim Henderson, of Harrogate-based James Henderson Wealth Management, has some top tips for helping you get as much wealth out of your money as you can, aiming for you to live the lifestyle you want in years to come. Jim can help you prepare financially for your future, regardless of your income.

Jim says:

“People often think you need to have vast amounts of money to invest, but in reality you don’t have to be wealthy to create wealth.

“Even if you only save a small amount each month, if you plan properly now, I can help you reap rewards in later life, by utilising tax breaks to keep as much of your existing money as possible.”

Jim’s tips:

1. Start saving sooner rather than later

Albert Einstein reportedly called compound interest the ‘eighth wonder of the world’. Put simply, the earlier you invest, the longer your money has the potential to gain interest and grow, and as Jim puts it, “what’s important for investments is time”. 

“Let’s say you’re planning to retire at age 67, and make a £200 pension contribution per month:

If you start saving at age 20, your estimated pension fund at retirement might be £349,000.

If you start saving at 30 it could be £215,000.

And if you start saving at 40, it might be £123,000.”

Please note that these figures are for example purposes only and they are not guaranteed – they are not minimum and maximum amounts. What you get back depends on how your investment grows and the tax treatment of the investment. You could get back more or less than this. 

2. Put your savings in an Individual Savings Account (ISA)

Gone are the days when the best way to save money was to put it in a piggy bank or hide it under the mattress – or even just leave it in your current account.

If you don’t put your savings somewhere tax efficient, you could end up paying tax on any interest you gain… one of the most popular ways around this is to put it in an ISA.

Everyone gets an annual ISA allowance, meaning you can save up to £20,000 each year and any growth received is not subject to income tax or capital gains tax.

Jim explains:

“The ISA allowance is a ‘use it or lose it’ situation. Once the tax year has ended, you can’t go back for more tax-free investment. This tax year ends on 5 April, so my advice is to get organised and move some savings to an ISA this month.”

3. Pay into your pension

New freedoms to take benefits and generally leave pension savings as tax-free inheritance have made paying into a pension even more attractive than it was a few years ago – but the tax man actually adds to your savings as well.

For most people, for every 80p you put into a pension, then government will automatically add 20p in tax relief, so a £1 contribution can effectively cost you just 80p. Higher earners can claim extra tax relief through their annual tax return, paying 60p for a £1 contribution.

4. Speak to a professional

It’s normal to feel confused about finances, but that’s where the experts like Jim come in: he can explain everything you need to know in a way that makes sense to you.

“The word ‘financial adviser’ is scary enough for people, but we’re really just about helping people to build their finances in the best way for them.

“If our car breaks down, we see a mechanic; if our body hurts, we consult a doctor. So the same logic follows for our financial situations.”

To get in touch with Jim for advice on ISAs, pensions, or investments, visit his website. 

The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested. An investment in equities does not provide the security of capital associated with a deposit account with a bank or building society.

The levels and bases of taxation, and reliefs from taxation, can change at any time and are generally dependent on individual circumstances.

James Henderson Wealth Management is an Appointed Representative of and represents only St. James’s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group’s wealth management products and services, more details of which are set out on the Group’s website www.sjp.co.uk/products.