Short summaries of recent articles we think you will find useful from some of the UK’s broadsheets.
“John Kay: a lifetime in investment trusts”
The veteran economist sets out his compelling reasons for investing in the sector.
“Maturing Child Trust Funds set to hand 18-year-olds up to £70,000”
Tax-free investment accounts created by Gordon Brown start to mature next week.
“Are the markets going to miss Trump?”
A Biden presidency could curb the dominance of US tech stocks.
“UK banks told to offer mortgage support when payment holidays end”
Regulator says lenders must continue to help homeowners, such as extending repayment terms.
“More than 800,000 UK employees short-changed on pensions”
Agency workers and low paid among those at risk of exclusion from schemes, study finds.
“Pensions cash a temptation for silver job seekers”
If you’re made redundant in your fifties, should you dip into your retirement funds?
“What the trust fund babies will really do when they get their thousands of pounds”
Many people worried that a windfall at 18 would lead to a generation of reckless teenagers. Katherine Denham finds the opposite.
“We should not celebrate child trust funds: they failed”
It was always a load of old nonsense that teenagers inheriting a child trust fund would suddenly blow all the cash.
“Now you must fix for seven years to buy your first home”
Virgin Money has unveiled a first-time buyer mortgage that locks borrowers in for at least seven years despite first-time buyers typically living in their first home for less than five years.
“Should you invest in holiday lets in cities to ride the staycation wave?”
Short-term let investors in Edinburgh and London were hammered by the pandemic. As lockdown eases, are there signs of hope?
“Quarter of young people reliant on parents to fund house purchases”
Banks demanding larger deposits from first-time buyers pushing those without family help out of the market.
“Eight ways landlords can protect themselves from a recession”
Support schemes are ending and landlords are predicted to lose £5.7bn by 2024: here’s how to avoid the worst of the Covid-19 recession.
“No internships, no entry-level work”
Under-25s fear Covid jobs squeeze.
“Keep your spending organised”
Top money tips for university students.
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The British government has announced plans to raise the age at which pension pots can be accessed from 55 to 57.
Inheritance tax (IHT) was introduced by the Finance Act 1986 to replace capital transfer tax and applies for transfers made on or after 18 March 1986.
There is a common misconception that trusts are only used by the wealthy. However, they are accessible to all and can be a useful tool as part of a wider inheritance tax planning strategy. There are various reasons why a trust may be set up; some can be written into your Will and others can be set up independently. Here we explain what trusts are, what they do and the different types of trust available.