Category: News

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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5 signs you could benefit from income protection

03.08.2021
September will mark the first Income Protection Awareness Week. Income protection can provide financial security when you need it most, but it’s often something that’s overlooked. If you recognise these five scenarios, it may be worth looking at how income protection could fit into your wider plans. 1. Your employer doesn’t offer sick pay It’s worth looking at the benefits your employer offers when weighing up the pros and cons of income...
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Market shocks present reasons not to invest but you could miss out

03.08.2021
When you read the news, it’s often filled with reasons not to invest. From the 2008 financial crisis to the UK leaving the EU, you may have approached investing with some trepidation. But choosing not to invest for these reasons alone means you’re likely to have missed out on long-term gains. Research from Schroders shows there’s been a reason not to invest every single year over the last three decades. The coronavirus pandemic caused...
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Why rising house prices could mean you need to reconsider your Inheritance Tax plan

03.08.2021
House prices have reached record highs this year. While you may be pleased the value of your home is increasing, it may also mean you now need to consider Inheritance Tax (IHT). Or if IHT already plays a role in your plans, they may need updating. A combination of rising demand, the Stamp Duty holiday, and 5% mortgage guarantees to support first-time buyers means house prices have reached new highs. According to the Halifax House Price Index, the...
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Should you take a tax-free lump sum from your pension to celebrate retirement in style?

03.08.2021
What are your plans for your first few years of retirement? Being able to take a tax-free lump sum from your pension can open up a whole host of possibilities. But would you be better off leaving your money invested? When Pension Freedoms were introduced in 2015, it gave retirees more flexibility. One of the benefits introduced was the ability to take up to 25% of your pension without paying Income Tax on it once you reach 55, rising to 57 in...
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7 things you need to do this Pension Awareness Day

03.08.2021
Pension Awareness Day is just around the corner and is the perfect time to review your pension to make sure you’re getting the most out of it. So, ahead of 15 September, here are seven things you can do to get your pension into shape. 1. Check your pension savings Start by looking at the headline figure; how much do you have in your pension? And how is it forecast to change? Being able to see how your pension is growing and the forecast value...
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Investment market update: June 2021

30.06.2021
After the global economy suffered due to the pandemic and related restrictions, the World Bank now predicts that it will grow at the fastest rate recorded in 80 years. The organisation expects the global economy to grow by 5.6% in 2021. However, it also warned that poor nations are at risk of falling further behind wealthy countries amid slower vaccine progress. UK The date when all Covid-19 restrictions would lift in the UK, dubbed “freedom...
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10 steps that can help you secure a mortgage for your dream home

30.06.2021
If you’re unhappy with your current home, you’re not alone. Millions of homeowners say their property isn’t right for them and money is holding some back when it comes to finding their dream home. According to a Zoopla survey, half of Brits say they are currently stuck in a home that isn’t suitable for their needs. Needing more space was the most popular reason for wanting to buy a new property, with 40% saying this. A quarter also said...
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