Finance in the News – w/c 14.06.21

Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.

FINANCIAL TIMES

“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.

THE TIMES

“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.

THE TELEGRAPH

“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.

THE GUARDIAN / OBSERVER

“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.

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Source: https://www.techlink.co.uk/