12 Jun 2023
New research by fund managers has shown that up to £233 billion of savings are currently held in zero-interest bank accounts. In previous years, the historically low-interest rates brought on by the Bank of England’s decision to keep the base rate low have meant that many savers have had little option but to put their […]
Read more...12 Jun 2023
Earlier this year, the Government extended the final date to top up your National Insurance (NI) record for tax years 2006 to 2016 to ensure you received the full state pension. Previously slated for 5 April, the deadline now stretches to 31 July 2023, providing a valuable grace period for anyone with gaps in their […]
Read more...12 Jun 2023
Any sustainable retirement plan should have redundancies built into it. That is why many savers choose to not only invest money into their pension but also property as well. Recent research shows that the number of people intending to use property to provide a retirement income is on the rise. However, many of the advantages […]
Read more...11 May 2023
While debt is often seen in negative terms there can be times in life when it is not only a necessity but can lead to a better financial position. That is if is done in the right way. Broadly speaking some debts can be termed as ‘good’. These are ones where the outlay either brings […]
Read more...11 May 2023
Disappointing interest rates on everyday savings accounts and other investments mean investors and everyday savers are looking for alternative places to put their money. One of these is long-term savings accounts. Long-term savings accounts have several advantages. The primary advantage is they usually offer a higher rate of interest albeit that the money invested is […]
Read more...11 May 2023
Planning for retirement is no easy task as this is related to lifetime earnings and anticipated needs in later life. People’s needs, or their perceived needs, vary widely. However, there are some facts and figures which can be used to ascertain the minimum amount of money you would need to be able to retire in […]
Read more...21 Apr 2023
Pension savers were given a boost by two key announcements made by the Chancellor, during his Spring Budget. The lifetime allowance of £1.07 million that can be saved into a pension has been scrapped with no upward limit now existing on what can be saved. The lifetime allowance relates to the total amount of money […]
Read more...21 Apr 2023
Transferring your Individual Savings Account (ISA) to a new provider for a higher interest rate might seem like an attractive option. However, it’s crucial to familiarise yourself with the rules surrounding ISA transfers to avoid potential pitfalls. Key rules for transferring an ISA: One ISA per type, per tax year: Keep in mind that you […]
Read more...21 Apr 2023
To obtain a full state pension upon retiring, individuals need to have built up a required 35 years of NI contributions. Those missing the full 35 years of contributions face receiving a reduced State Pension when retiring. For those who have not got this number of years in full, it is possible to purchase NI […]
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