Our on-line advertisers

When it's time for you look for local businesses to help you with your wedding, take a look at our advertisements below. Most will have links to their own websites. These advertisements are updated regularly so please revisit often and mention Your South Wales Wedding when making any enquiries.

Llancaiach Fawr Manor
Big Day Wedding Cars Wales
Alan Matthews Disco's
Champagne Wedding Cars

Tying the knot and your finances

Tying the knot and your finances: Image 1 "Let's talk money!" That's something no one wants to hear in a relationship, it's an awkward conversation that every couple struggles to navigate - so always remember you're not alone. However, if you're tying the knot you really should make sure you're both financially secure and committed also. Zoe Bailey, director of financial planning at Tilney has some advice for how best to handle this conversation...

1. Be open about your finances
Before you start looking at the different ways of combining your finances, it's important to have an understanding of your partner's financial situation, as well as being open about your own. 

2. Know your options
There is no 'one size fits all' approach to combining your finances. There are various ways of joining up your money – from a joint bank account, a combined account for utilities, joint savings, or simply having both names on financial products i.e. the mortgage. Married couples can also transfer assets between themselves – known as "inter-spousal transfers" – without triggering a tax liability.

Tying the knot and your finances: Image 2 This can be used to shift  savings and investments in to the name of whichever partner is subject to a lower rate of tax or to make use of two Individual Savings Accounts allowances. Sit down and discuss your options so you can discover what works best for your relationship. 

3. Decide the best approach to managing your finances
Some couples prefer it if just one person takes charge and manages the family finances. If you decide this approach works best for you, then make sure you're both aware of what your outgoings are and clear on your budgets.  

4. Make the most of tax benefits
While most people tie the knot for love, many couples recognise marriage as tax efficient arrangement as well. One tax perk is the marriage allowance, which is available to couples who are married or in a civil partnership and where neither person is a higher rate tax payer. The lower earner can transfer £1,250 of their annual tax free personal allowance to their partner - creating a tax saving of up to £250 a year – more than enough to cover a Valentine's Day candlelit dinner for two in future years.

Tying the knot and your finances: Image 3 5. Til death do us part
The tax benefits of marriage are not solely confined to the couple's lifetimes. One of the biggest financial gains comes in the event of death. Unmarried couples can pass assets valued up to £325,000 upon death, but anything above this is subject to 40% inheritance tax. Therefore, if a partner is left a house that far exceeds this value, for example, they could end up having to sell it. However, a deceased spouse / civil partner can pass an estate of any worth to the surviving spouse without immediate tax consequences.

6. Think about the long-term
Discuss your future plans both immediate and long-term. This will help and encourage you both to save towards them. Whether it's a house deposit, a family holiday or retirement, create a savings plan to achieve what you'll need.

For more information visit tilney.co.uk

Kevin John Photography reveal three of his favourite images

Kevin John Photography reveal three of his favourite images

"This photo is of Natalie, a beautiful bride from a wedding I photographed way back in...

EJ Catering is celebrating 21 years of business

EJ Catering is celebrating 21 years of business

The company began the year on a high after winning awards in the food, drink and hospitality category...

How to choose the perfect hairstyle for an outdoor wedding

How to choose the perfect hairstyle for an outdoor wedding

I love an outdoor wedding! I would choose something soft and natural such as all down or a...

Dance the night away at the Brangwyn

Dance the night away at the Brangwyn

Brangwyn Hall is a large room with beautiful high ceilings and is home to the impressive British Empire Panels,...

Inspiration from our great team of Editors at County Wedding Magazines!

To help you find inspiration for your big day, take a look at what's caught the eye of our editors.

There are literally hundreds of ideas, products and services from wedding suppliers across the UK along with links to their web sites as pointed out by our ever resourceful team.

Take a look at what our Editors Love!