Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.
“Has Covid wrecked your retirement plans?”
Millions have seen their pension prospects shaken by the pandemic.
“Mortgage interest burden lightens in spite of soaring UK house prices”
Rock-bottom rates have brought annual interest payments to a 20-year low.
“Cash ISA surge leaves savers vulnerable to inflation”
The best interest rate deal on an easy-access cash account is just 0.46%.
“Can I donate cryptocurrencies to charity?”
Case study: I want to support good causes, but don’t understand the tax rules.
“Time for an investment step change”
Go active in the US to capture mid-cap growth and shift to passive in the UK.
“The million pound pension problem”
Four taxing questions to ask well before your 60th birthday.
“I delayed our wedding to save thousands in tax”
You may think getting hitched is good for your finances, but being unmarried can benefit buy-to-let investors.
“Does a £400k pension buy a happy retirement?”
The Times look at what you need to save for a comfortable future.
“Inflation is back, and so is the rush to buy gold”
Bullion can protect your savings from rising prices.
“Renting a home now cheaper than buying due to soaring house prices”
In May the average monthly rent for a four-bed property was £1,805.
“Money Makeover: ‘I need £50k a year – should I sell my buy-to-lets?‘”
Stefan Reynolds isn’t sure whether to back property or the stock market to fund his pension.
“Estate agents cutting fees to entice homeowners to sell up”
Demand is outstripping supply and agents are fighting to own whatever listings they can find.
“Scammers clone trusted brands to steal retirement money”
The names of firms such as Saga are being used to gain the confidence of the vulnerable and steal their hard-earned cash.
“Child trust funds: parents urged to move ‘forgotten’ savings”
If you opened an account but it has slipped off your radar, it may be time to check if you could do better elsewhere.
Articles on this website are offered only for general informational and educational purposes. They are not offered as and do not constitute financial advice. You should not act or rely on any information contained in this website without first seeking advice from a professional. Capital is at risk; investments and the income from them can fall as well as rise.
You are now departing from the regulatory site of Finura. Finura is not responsible for the accuracy of the information contained within the linked site.
As tax year end approaches, there is still time to make use of your available reliefs and allowances.
This tax year end planning checklist covers the main planning opportunities available to UK resident individuals and will hopefully help to inspire action to reduce tax for the 2023/24 tax year and to plan ahead for 2024/25.
As tax rate band thresholds are changing, understanding the impact on high rate taxpayers and the economy is crucial.
It was recently revealed in the media that the amount we need to enjoy a ‘moderate’ retirement has increased by £8,000 per annum, a 38% increase, in just one year.