NS&I Premium Bonds direct payment to bank accounts

Matthew Barrand Savings

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 …

Stamp Duty Update

Stamp duty update

Matthew Barrand Blog, Mortgages

The government introduced an immediate temporary Stamp Duty Land Tax (SDLT) holiday in England and Northern Ireland until 31 March 2021 by raising the threshold above which the main rate of SDLT is payable from £125,000 to £500,000. For second homes, the 3% additional rate will continue to apply. The Scottish Government has since announced that they have increased the …

Investment webinar

Investment Webinar

Matthew Barrand A Tawny, Investment

Last year Aaron Tawny held an Investment seminar at the Park Hotel in Kettering. This year sadly COVID-19 has put the dampers on our plans. As we are all having to think outside the box in these challenging times, we decided we would bring the seminar to you in the version of a webinar. We have two brilliant speakers from …

Access Pension Info Online

Pensions Dashboards Programme- progress update report

Matthew Barrand Pensions

The vision of the Pensions Dashboards Programme could not be simpler. Its aim is to enable individuals to access all their pension information online, securely and all in one place, thereby supporting better planning for retirement and growing financial wellbeing. However, the delivery challenges underlying this vision are significant even more so in the current circumstances. Delivering this valuable service …

Flexible mortgage

Do you want your savings to work harder?

Matthew Barrand Blog, Savings

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 …

Pandemic prompts will ammends

Pandemic prompts one-third of UK to draft or amend their Will

Matthew Barrand A Tawny

The coronavirus pandemic has already prompted a third (33%) of people in the UK into either drafting a new Will or amending an existing one, according to a new study from Handelsbanken Wealth Management. Handelsbanken suggested that the crisis is having a wider effect by making families more open with their finances, with 78% of people believing the pandemic will …

Annual subscription limit increased

Junior ISA and Child Trust Fund annual subscription limit

Matthew Barrand Investment

The annual subscription limit for Junior ISAs and Child Trust Funds has increased, quite substantially, from £4,368 to £9,000 (meaning that 16/17-year-olds can have £29,000 in total (including £20,000 to a cash ISA) added to these tax-efficient shelters in 2020/21.

Investing in uncertain times

Finger on the pulse – Investing in uncertain times

Matthew Barrand Investment

Global stock markets are suffering a period of volatility as a result of the COVID-19 outbreak. Although markets do not respond well to periods of uncertainty, what is certain is that volatility goes hand in hand with stock market investment; and although market movements can be concerning, experience teaches us to expect the unexpected. Calm & collected To navigate market …

Make time for life’s big decisions

Make time for life’s big decisions

Matthew Barrand A Tawny

In the current climate, there is uncertainty in all of our lives with both health and financial concerns. However, while we are all understandably focusing on the here and now, it might be worth using this time to take a step back and review your long-term financial wellbeing as well. This newsletter takes a look at some of the areas …