Retirement may seem like some way off, but it pays to start preparing as soon as you can. So what specific areas should you think about, in order to make sure you can afford the type of retirement you want and deserve? Set your goals Think about what you want to get out of retirement. …
Although the government has made tackling inflation one of its core priorities for 2023, the rate of price increases remains stubbornly high – staying stuck at 8.7 per cent in the year to May. As a result, many analysts and observers are expecting the Bank of England to continue hiking up interest rates for some …
If you were asked to make big financial decisions, how sure are you that you’d make the right ones. Well, a new study by PwC and YouGov has found that nearly nine in ten people feel confident or very confident in making decisions about their money. But the same research suggests that, for many, this …
Average house prices rose by 5.5 per cent in the year to February 2023, according to the latest official figures, taking the average price of a property to £288,000. That’s £16,000 higher than it had been a year earlier – and this surge in house prices has had wide-ranging consequences, most notably, pricing many people …
Households all over the country are under huge financial pressure as double-digit inflation continues to bite, and people are becoming painfully aware that their regular income will only go so far as prices keep heading up. With that in mind, it’s understandable that many will be looking for ways to generate additional revenue, such as …
Wanting to look after your family is one of the most natural impulses in the world, and that’s one reason why you’ll want to make sure your finances are in order, so you can provide for them after you’re gone. But another way to help your loved ones is to instill good financial habits into …
Interest rates have been heading in one direction for more than a year now, rising from 0.1 per cent in December 2021 to 4.25 per cent today. That’s had a very real and tangible impact on households in the form of higher mortgage repayments, and also pushed up the cost of borrowing for businesses too. …
Jeremy Hunt, the Chancellor of the Exchequer, has delivered his Budget, in which he unveiled big changes to pensions and childcare as part of an effort to tempt people back into work. Here’s our summary of the main announcements: Pensions The lifetime allowance – currently £1,073,100 – to be abolished The tax-free annual allowance for …
Money worries can have a devastating impact on a person’s life, causing untold stress and heartache day after day. So it’s really important that you’re not left feeling as if your finances are like a runaway juggernaut: out of control. Otherwise, you leave yourself vulnerable to a host of further financial problems, from growing debt …
If you haven’t got a will, you don’t have control over what happens to your money and assets after you die. That means your wealth may not go to your chosen beneficiaries, and could cause lots of lengthy and costly legal issues for the loved ones you leave behind. Here are our top reasons why …
