Under 35s account for 90% employment growth

Matthew Barrand Blog

Employers should take advantage of annual tax-free allowance of £500 per employee for financial advice and guidance. The latest Office for National Statistics (ONS) Labour Market figures have highlighted the growing need for employers to provide financial wellness and guidance advice to their staff.  According to the ONS, under 35’s accounted for 90% of employment growth in the last quarter, …

A growing role for advice

Matthew Barrand Blog, Equity Release

A long-running survey carried out by thinktank the International Longevity Centre found that those who took financial advice between 2001 and 2007 had significantly higher savings than those who did not. If you’re approaching retirement, having a financial MOT now could help you put in place the plans you need to provide effectively for your financial future. Utilising Equity release …


Number of working women aged 60-64 has doubled

Matthew Barrand Blog

Employment statistics show that more women are staying in the workplace for longer, with 48.5% in this age bracket in employment, compared with just 23.4% back in 1998. This is attributed variously to the short-notice rise in the state pension age from 60 to 65 or 66 currently affecting many women born in the 1950s, higher incidence of divorce later …

Baby Boomer Trends

Trends in baby boomer retirement plans

Matthew Barrand Blog, Retirement

Living through decades of increasing prosperity has undoubtedly given baby boomers a lot of advantages, but they can also face a number of challenges. Today, many feel pressured into working past their normal retirement date, often because of the number of demands being made on their finances by their families. If they are unable to work, they can have concerns …


If it seems too good to be true

Matthew Barrand Blog

Scams have resulted in people being used as money mules and risking criminal prosecution… Financial scams are now widespread and come in a variety of forms. What they offer may look appealing and be presented by people who seem plausible, but scams have resulted in people being used as money mules and risking criminal prosecution or losing substantial amounts of …

Auto Enrolment limits published for 2019/20

Matthew Barrand Auto-enrolment, Blog

The qualifying earnings band and earnings trigger amounts for auto enrolment have been published. The earnings trigger for 2019/20 will remain at £10,000 and the qualifying earnings band will be £6,136 – £50,000. The automatic enrolment earnings trigger determines who is eligible to be automatically enrolled into a workplace pension by their employer in terms of how much they earn. …

Taxation and Allowances

Matthew Barrand Blog, Tax

The personal allowance will increase from £11,850 to £12,500 in April 2019, a year earlier than originally planned. The threshold for paying higher rate tax will also rise from £46,350 in 2018-19 to £50,000 in 2019-20. Although there had been speculation that major changes to pension taxation might be in the offing, these didn’t materialise. However, the Lifetime Allowance will …


Volatility & Brexit

Matthew Barrand Blog

Volatility is all part and parcel of investing in the stock market. 2018 saw the market experience lower volatility, as confidence grew, but in 2019, the bounce back in volatility was pronounced as unease over global events increased. To help navigate market volatility, it’s best to stick to your plan, diversify your holdings and very importantly, expect and accept volatility. …

UK interest rate rises for the first time in more than a decade

Shaun Love Interest Rate, Mortgages

For the first time in more than 10 years the Bank of England has raised interest rates. The official bank rate has been lifted from 0.25% to 0.5%, the first increase since July 2007.  The Bank cautioned that any future increases would be gradual and limited, but added that it stood ready to respond to changes in the economic outlook. …

Are you paying too much for your mortgage?

Shaun Love Mortgages

A recent survey conducted shows big differences between how different generations handle their mortgage affairs. Homeowners aged between 19-34 were more likely to hold a repayment mortgage (92%) than their over 55 counterparts (68%). Being on a repayment mortgage means that the size of the 19-34’s mortgage is gradually decreasing whereas 32% of over 55’s are only paying interest from …