Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.
“Coronavirus puts the squeeze on retirement hopes”
Workers in their 50s may have to rethink their long-term plans.
“Dozens of big names link to unofficial pensions tracing website”
DWP and pension providers confuse government’s free Pension Tracing Service with adviser’s website.
“MPs back ‘no-fault divorce’ bill”
The Divorce, Dissolution and Separation bill passed its first Commons hurdle.
“Elderly struggle to put financial protection in place during pandemic”
Setting up a lasting power of attorney is complex.
“Value and growth investments gap at 25-year high”
Some analysts say value stocks are now so inexpensive that it could be an opportunity to buy.
“How can I pass assets to my children?”
Join the FT’s live discussion at 12 noon UK time on Wednesday June 10.
“Go overboard for your pension scheme”
Trustees are there to safeguard your life savings, but when it comes to taking up this vital role, few of us are willing to play our part.
“The battle is over — to the grandchildren go my spoils”
Having wrestled with himself over inherited wealth, Hunter Davies sees the sense in leaving a financial legacy.
“Annuities that pay less than savings accounts”
Many of these products still have commission attached which, with rates this low, makes no sense for savers.
“Property asking prices climb after market freeze despite bleak economic outlook”
Rightmove’s index showed homes put up for sale after restrictions were lifted were priced on average 1.9% higher than in March.
“Landlords escaping buy-to-let market face £22,000 tax hit”
Landlords escaping the struggling rental market sold more than 150,000 residential properties last year, with most facing an average £22,000 tax bill.
“Savers ditch wealth managers after advisers stay silent on stock market falls”
Some investors have seen their portfolio fall by 30% yet heard nothing from their financial adviser, as Covid-19 piles on the pressure.
“More than a million left out of coronavirus income support, say MPs”
Treasury select committee flags up gaps in state aid for new starters and freelancers.
“Ethical investments are outperforming traditional funds”
Evidence suggests that environmentally focused investing is becoming mainstream.
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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.