Category: News

Investment market update: August 2021

31.08.2021
While economies continue to recover from the effects of the pandemic, there are signs that the pace of growth is beginning to slow. According to the Organisation for Economic Co-operation and Development (OECD), the recovery of the world’s major economies is losing momentum. The organisation said consumers remain reluctant to eat out, visit attractions, and shop like they did pre-pandemic. As a result, growth figures are expected to slow over...
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5 beautiful places to consider if you’re thinking about buying a holiday home in the UK

31.08.2021
Travel restrictions this summer mean more Brits have been choosing to book a staycation. The UK is filled with stunning destinations to explore, and you may be thinking about buying your own holiday home to escape to in 2021 and beyond. But with so many locations to consider, where should you search for the ideal property? Here are just five options that are worth thinking about. 1. Lake District The Lake District is one of the most popular places...
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Income Tax doubles since 2000 – here are 2 allowances to help your money go further

31.08.2021
The amount of Income Tax paid to HMRC has doubled since the turn of the millennium. With tax bands now frozen until 2026, more workers are likely to find themselves in the higher- or additional-rate tax band. It means it’s more important than ever to make use of allowances to make your money go further. In the 1999/2000 tax year, £93 billion was paid in Income Tax, according to a Financial Times report. The most recent figures for 2018/19 show...
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Scams rarely result in fraud convictions; most victims lose their money

31.08.2021
While protection for scam victims is improving, the startling truth is that most scammers are not caught, and victims lose their money. It can have a devastating impact on your financial security now and in the future. According to new statistics from Quilter, just 1 in 700 incidents of fraud resulted in a conviction in 2019. The findings also show that the conviction rate is falling. Since 2011, fraud convictions have fallen by 10% on average...
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83% of parents are saving for their children in cash, but it might not be a good idea

31.08.2021
The Independent reports that 76% of parents and guardians in the UK are saving money for their children under the age of 18. Helping your child step into adult life with some savings could prove vital for their mental wellbeing and financial stability and could help them further down the line. But, of those saving, 83% do so exclusively in cash. While perhaps the easiest and simplest option, it may not be the best way to generate a nest egg for...
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3 things to think about if you want to relocate in retirement

31.08.2021
Are you thinking about relocating when you retire? If you are, you’re not alone. Millions of over-50s are planning to move away from their current home as a direct result of the pandemic. It can be an exciting way to kickstart retirement, yet there are things you need to think carefully about first. According to Legal & General, 3 million people aged over 50, the equivalent of 12%, now plan to relocate in retirement after a year of...
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When can you access your pension? It might be further away than you think

31.08.2021
The age you can access defined contribution (DC) pensions is rising. Research suggests that many people are unaware of this, but it could affect your retirement plans. At the moment, you can access money saved into a DC pension scheme from the age of 55. However, from 2028, this will rise to 57. If you’d hoped to access your pension at 55, whether you plan to retire then or not, the additional two years may mean you need to rethink your...
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How financial planning can help you strike a better work-life balance

04.08.2021
Financial planning is about much more than simply growing your wealth. Not only can it reduce financial worry, but it can help you achieve long-term goals, reduce stress levels, and increase your mental wellbeing. Perhaps you feel like you don’t have enough time to spend with those you love? Or maybe you’re striving for early retirement but you’re not sure how to get there? Financial planning exists to guide you through these issues with...
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Why interest rates could start to rise in 2022 and what it means for your mortgage

03.08.2021
Low interest rates have made borrowing money cheaper than ever, but interest rates could start to rise in the next 12 months. If you’re paying off a mortgage, it could affect your outgoings and the full cost of borrowing. We’ve experienced over a decade of very low interest rates. That’s been good news if you’re borrowing but has negatively affected savers. However, this could change as the economy begins to recover from the effects of the...
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Tax changes and increasing regulation mean a fifth of landlords are considering reselling

03.08.2021
Property is often seen as a way to generate a passive income or to fund retirement. Yet a survey has found that an increasing number of landlords are considering selling at least a portion of their property portfolio due to tax and regulation changes. Property can be a useful asset to invest in. However, if you’re thinking about purchasing a buy-to-let property, it’s important you fully understand the responsibilities and potential financial...
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