News

Wealth knowledge, October 2020

Wealth knowledge, October 2020

October 12, 2020

Pension freedoms age rising to 57 in 2028 dashes early retirement hopes. The age at which retirement savers can access their private pensions will increase from 55 to 57 in 2028 confirmed.

Options for funding long-term care

Options for funding long-term care

October 12, 2020

Building your savings for later life care. Paying for long-term care is not cheap, and the burden first falls on private individuals. Ros Altman – the former pension's minister – described the nation as “sleepwalking into a social care crisis”, and already the costs borne privately are staggering.

Retirement saving for the self-employed

Retirement saving for the self-employed

October 12, 2020

How to save for a pension if you work for yourself. For ministers to say workplace pensions have been an “extraordinary success” is perfectly valid, but those excluded from the government’s flagship scheme may not share that sentiment.

Wealth knowledge, September 2020

Wealth knowledge, September 2020

October 12, 2020

Help-to-buy equity loan scheme gets two-month extension. The Government has extended a loan scheme which is designed to help those who are struggling to save for a mortgage deposit.

When investing, patience is a virtue

When investing, patience is a virtue

August 27, 2020

Key considerations in times of market volatility. In an age of COVID-19, there will be compelling investment opportunities but it’s important to align this year’s investments with your long-term goals.

Cryptoassets and tax

Cryptoassets and tax

August 27, 2020

HMRC’s evolving stance on taxing cryptocurrencies. Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream.

Wealth Knowledge, August 2020

Wealth Knowledge, August 2020

August 27, 2020

Many workers in sectors that shut down during the COVID-19 lockdown could be facing a retirement savings crisis, according to a report. Scottish Widows polled 5,757 savers for its annual retirement report, which was undertaken in March 2020 – during the height of the pandemic.

Protecting your cash from cyber threats

Protecting your cash from cyber threats

July 15, 2020

COVID-19 prompts spike in fraudulent behaviour. While the UK tries to deal with the economic impacts from COVID-19, reports are rife of fraudsters stepping up their attempts to access your money.

Tracking and consolidating your pensions

Tracking and consolidating your pensions

July 15, 2020

Should you transfer or consolidate funds? Around £19.4 billion has not been claimed in 1.6 million lost or forgotten pension pots, according to the Association of British Insurers (ABI). On average, this equates to about £13,000 per pension pot.

Wealth Knowledge, July 2020

Wealth Knowledge, July 2020

July 15, 2020

Base rate cuts have significant effect on savings market. Dwindling interest rates have seen average savings rates for ISAs drop to their lowest levels since records began in 2008, according to Moneyfacts.

Pensions for company directors

Pensions for company directors

July 15, 2020

Being the director of a limited company gives you independence. It gives you the freedom to choose how and when you work, and to determine the direction of your business as you build it over time.

Making the most of a windfall

Making the most of a windfall

July 15, 2020

Anyone who watched ITV’s recent drama Quiz, depicting Charles Ingram cheating his way to £1m on Who Wants to Be a Millionaire? back in 2001, can be forgiven for dreaming of scooping a windfall.

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