Welcome to our blogs which relate to the financial services you may be interested in from mortgages to pensions; protection to auto-enrolment and many more. So why not grab a drink and enjoy the read.
Savers will be able to invest up to £60,000 of their income into their pension each year, thanks to recent pension reforms announced in the March Budget, as part of a wider package of reforms designed to tempt early retirees back into the workforce. What type of income can I invest into my pension? Pensions are a desirable means of
Largely unknown, yet widely available, the Additional Permitted Subscription (APS) is a highly beneficial allowance for surviving spouses or civil partners of ISA investors. This legislation grants ISA holders the ability to pass the entire value of their ISA to their partner after death. Simply put, the Additional Permitted Subscription (APS) works in the form of a one-off increased ISA
Tens of thousands of teenagers in the UK who have not yet claimed their matured Child Trust Funds savings could have thousands of pounds waiting for them, reminds HM Revenue and Customs (HMRC). Child Trust Funds are long-term savings accounts set up for every child born between 1 September 2002 and 2 January 2011. To encourage future saving and start
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
The rise of Environmental, Social and Governance Investing. The impact companies have in terms of Environmental, Social and Governance (ESG) factors are becoming more important to investors. They are taking an interest in how their investments affect the world around them. What is the official definition of ESG? Over the last few years, Environmental, Social and Governance (ESG) has started
Child Trust Funds (CTFs) are long-term tax-free savings accounts that were set up by the government for every child born between 1 September 2002 and 2 January 2011. Over 6 million CTFs were opened, with the first of these maturing in September 2020. Every year between now and January 2029, the government estimate that 800,000 18-year-olds will receive access to
If so, you’re part of 37% of the UK population who managed to put away more money during lockdown, as daily expenditure on commuting and leisure activities dramatically decreased. What’s more, it looks like Britain’s growing army of savers are here to stay, with 36% stating they aim to keep cutting costs post-lockdown. Could savings rates harm your goals? Unfortunately,
NS&I has announced that, from the December 2020 Premium Bonds prize draw, they are stopping prize payments by warrant (like a cheque) and will be paying prizes straight into customers’ bank accounts instead. It’s quicker, easier, and safer than waiting for a cheque to arrive in the post. They will be doing this in phases, and by March 2021 will
Do you want your savings to work harder, but feel uncomfortable with taking any investment risk? – then a Flexible Offset Mortgage could be for you… Very simply described, an Offset Mortgage is a way of using the credit balances in your savings and current accounts including ISAs, to help reduce the mortgage balance you are charged interest on. By
The Individual Savings Account (ISA) was launched on 6th April 1999 and it hasn’t looked back. Today it’s estimated that 42% of adults hold one, which is hardly surprising considering how simple and tax-efficient they are. When the ISA was launched, the annual allowance was £7,000 and it has risen steadily over the years. In this tax year, you can