Divorce

Sorting out your mortgage during divorce

Matthew Barrand Blog, Mortgages

Divorce can be an incredibly stressful time for couples and the financial impact it can have only adds to the pressure. The number of couples getting divorced surged by almost a fifth in 2019. Although data for 2020 has not yet been released, after the strains of the last year or so, unfortunately, it would hardly be surprising if this …

Automatic enrolment earnings trigger and qualifying earnings band

Matthew Barrand Auto-enrolment, Blog

The Government has announced the earnings trigger and qualifying earnings band for auto-enrolment purposes for 2021/22. The earnings trigger is one of the three key factors which ultimately governs who gets enrolled into a workplace pension scheme through automatic enrolment. The government’s view remains that if the trigger is too high, then low to moderate earners who can afford to …

It’s never too late for a mid-life financial check up

Matthew Barrand Blog, Retirement, Savings

You’ve got savings, a pension, perhaps even stocks and shares. You’re on track… right? The truth is our financial health could do with a check-in every now and again, and making some small changes can pay dividends, especially in mid-life. Although you might have begun your adult life on the right foot, cut to thirty years later, and changes in …

ESG Megatrend

ESG: A megatrend here to stay

Matthew Barrand Blog, Investment

New research suggests environmental, social and governance (ESG) investing is set to continue gaining prominence, with ESG issues increasingly converging into mainstream investment strategies. A growing trend The last few years have seen a substantial rise in ESG investing around the globe, driven by an increasing desire for investors to know both where their money is going and that it …

SKI’ing (Spending the Kids Inheritance)

SKI’ing (Spending the Kids Inheritance)

Matthew Barrand Blog, Inheritance

What’s stopping clients adopting wealth transfer strategies? It might be that they’d rather spend it on themselves or put it aside in case they need it for the future, but if they do want to transfer their wealth, the older generation could be missing out on significant opportunities to help the generations that follow. A recent consumer research report asks …

Aaron Tawny :: Independent Financial Advice :: Mortgages

First-time buyer rules

Matthew Barrand Blog, Mortgages

Anyone buying their first home from July 1, 2021, can get stamp duty relief at the same level as that before July 8, 2020. This is a discount to help first-time buyers get on the property ladder. This means you’ll pay: • Property purchase price up to £300,000 – zero per cent stamp duty • The portion from £300,001 to …

Green Gilt

UK to launch first green gilt

Matthew Barrand Blog

The government is planning to launch the UK’s first green gilt in 2021 in response to “growing investor demand”, as announced by Chancellor Rishi Sunak. He said it would be the first in a series of new issuances, with the government keen to position the UK as a world-leading green finance hub ahead of the COP 26 international climate talks …

A turning point for Environmental Social and Governance investing?

Matthew Barrand Blog, Investment

Investing according to environmental, social and governance principles (ESG) has been a fast growth area, according to figures, UK-based ESG funds saw record inflows between March and July 2020, with £362m invested in July alone. The acronym, ESG, refers to three key factors used by investment companies to evaluate corporate behaviour: Environmental criteria – such as; carbon emissions, waste management …

Pensions

Tackling the growing number of small pension pots

Matthew Barrand Blog, Pensions

The Pensions Policy Institute (PPI) has published a report examining the growing problem of small deferred pension pots and how the issue might be addressed. The number of deferred pension pots in the UK is likely to rise from 8m in 2020 to around 27m in 2035. Member charges often erode small, deferred member pots over time and small pots …

SA – 21 not out

Matthew Barrand Blog

When the Individual Savings Account (ISA) was launched in 1999, the allowance was £3,000 for a Cash ISA or £7,000 for a Stocks and Shares ISA each tax year. Now at the grand old age of 21, the overall allowance has risen to a generous £20,000. In the early days, choice was limited to either a Cash ISA or a …