18 Jun 2024
Recent research from MetLife UK has revealed that over half (52 per cent) of working parents have no form of financial protection. This means should they find themselves needing to take time off work to look after their unwell child they will have no additional financial support. The data highlighted that of the individuals without […]
Read more...18 Jun 2024
The UK’s consumer confidence grew again in May, with people continuing to see a brighter future for their finances. This is according to the Consumer Confidence Index from researchers GfK. They saw a two-point increase from April to May regarding people’s feelings about their economic situation. The Consumer Confidence Index provides insight into how UK […]
Read more...18 Jan 2024
The recent surge in pension tax relief, exceeding £50 billion for the first time, marks a significant opportunity for savers to enhance their retirement funds. This £14 billion increase over five years highlights the importance of strategic pension contributions and the effective use of tax reliefs. Boosting contributions In the 2022-23 tax year, taxpayers received […]
Read more...15 Dec 2023
As the festive season approaches, we often find ourselves in search of the perfect gift for our loved ones. While traditional presents like gadgets, clothes, and toys are always appreciated, there is one gift that stands out for its lasting impact – the gift of protection through life, sickness, and income insurance. Life insurance Life […]
Read more...15 Dec 2023
Chancellor Jeremy Hunt announced a consultation on workplace pensions in November’s Autumn Statement, focusing on allowing workers the flexibility to choose their own pension schemes, rather than being limited to their employer’s choice. This approach aims to address the issue of multiple small pension pots accumulated by employees who change jobs frequently. The ‘pot for […]
Read more...15 Dec 2023
The Autumn Statement brought positive news for savers and investors as the Chancellor announced significant changes to the current setup of Individual Savings Accounts (ISAs). These changes, set to take effect from April 2024, offer more flexibility and choices, marking a notable shift in how people can manage their ISAs. Increased flexibility in ISA management […]
Read more...16 Nov 2023
The current financial landscape presents a conundrum for those looking to safeguard and grow their personal wealth. Despite interest rates reaching their highest levels since 2007, the value of cash savings in the UK has been eroded by inflation. As of July 2023, the nation’s cash savings have dipped to £1.95 trillion, a £5 billion […]
Read more...10 Oct 2023
The Government has recently passed an important piece of legislation, the ‘Pensions (Extension of Automatic Enrolment) Act 2023’, which could significantly impact young savers across the nation. The Act, which received Royal Assent on 19 September 2023, grants the Government the power to: Lower the minimum age for automatic enrolment into a workplace pension from […]
Read more...10 Oct 2023
The Chancellor of the Exchequer, Jeremy Hunt, is reportedly considering significant reforms to Individual Savings Accounts (ISAs), which could result in substantial tax breaks for savers. The proposed changes, expected to be announced in the Autumn Statement on 22 November 2023, have sparked a range of reactions from financial experts. While some see it as […]
Read more...10 Oct 2023
Life insurance is a crucial financial safety net that provides peace of mind for you and your loved ones. But what if one policy isn’t enough? Can you take out more than one life insurance? The short answer is yes, but there are several factors to consider. Types of life insurance policies Before considering the […]
Read more...4 Oct 2023
At the latest Conservative Party conference, it was confirmed that the National Living Wage will be officially rising to £11 an hour for those over the age of 23, starting from April 2024.
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