Finance in the News – w/c 28.09.20

Share

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

FINANCIAL TIMES

“Lock down your finances for the coming storms”
From reassessing your investment portfolio to a timely remortgage, FT Money reviews the options.
“Live Q&A: Redundancy and your rights”
FT experts take your questions on the job support scheme and employment rights at noon on Tuesday September 29.
“Lack of overseas buyers hits London’s prime property market”
Sales and rental prices are down in the capital’s most exclusive postcodes — but activity is returning.
“Rivals likely to follow NS&I in cutting savings rates”
Government-backed provider to slash return on income bonds to 0.01% from November.
“When are you going to retire?”
Working out a date is not rocket science, but is far more than a financial decision.
“Birdwatching, investing and the power of specialisms”
Watch out for companies that stray too far from their natural habitat.

THE TIMES

“The good news is 634,000 get a fund fee cut. The bad news is that they’ll have to wait 12 years”
Lloyds Banking Group has bowed to pressure to cut charges for almost all its investment customers after admitting that they are paying too much — but some will have to wait until 2032 before they see any benefit.
“Expats hit by Brexit charges on pensions”
As British banks prepare to close accounts for overseas savers, pensioners will have to pay to transfer their money.
“Low rates have been here 11 years: only now do we feel the pain”
Forget the stock market. Shares go up, shares go down, but save regularly and reinvest your dividends and you won’t go far wrong. Boring old interest rates, though, now that is what really matters. Base rates and gilts (that’s the cost of government borrowing) are what matters the most for savings and retirement.

THE TELEGRAPH

“Wealthy upsizers outnumber first-time buyers for first time in five years as Covid restrictions bite”
Lending restrictions have made purchasing a house almost impossible for fifth of mortgaged buyers and first-timers are hit hardest.
“Legal tax loopholes for property owners: how landlords can pay less”
Harsher tax rules and a forecast house price crash – landlords must prepare now.
“How to invest a £20,000 windfall”
Where and how depends on how long you can leave savings invested.

THE GUARDIAN / OBSERVER

“Share of UK homes bought by first-time buyers expected to drop”
Zoopla report suggests first fall in five years as Covid crisis sees lenders pull low-deposit mortgages.
“Brexit: EU citizens in UK could be shut out of vital services”
Fears that shift from paper to digital permits could prevent those with settled status accessing jobs, banking and healthcare.

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.

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

Share

Other News

Tax Year End Planning Checklist For Individuals – 2023/24 Tax Year

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.

Higher Rate Taxpaying Is A Growing Club

As tax rate band thresholds are changing, understanding the impact on high rate taxpayers and the economy is crucial.

5 Top Tips To Boost Your Pension Savings

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.