Wealth knowledge, January 2021
The average person in their 30s and early 40s faces a wait until they are 64 to inherit their parents’ wealth, according to the Institute of Fiscal Studies (IFS).
Could interest rates turn negative?
In a year of firsts for many of us, the Bank of England (BoE) has mooted a first of its own: they have asked the banks if they are operationally ready for negative interest rates. That is, banks, and by extension those that save with them, would be charged for holding onto cash.
How much is needed to start investing?
All investors have to begin somewhere. The short answer is £50 a month, but that’s probably not particularly helpful to you because it does not take into account your circumstances.
Making the most of your annual allowance
The coronavirus pandemic appears to have thrown some of the nation’s retirement plans into jeopardy, with recent figures commissioned by the Institute for Fiscal Studies (IFS) revealing that 13% of older workers have already changed their planned retirement age…
How to extract profits from your company
Tax-efficient options for limited company directors. If you run your own limited company, you choose how much to pay yourself, pick your own payday, and in which way you will be paid.