The best Isas and pensions to buy overseas shares
The appeal of diversifying your investment portfolio with international stocks has increased in recent years, thanks to the performance of global equities and the allure of the Magnificent Seven. However, it’s important to consider the additional costs associated with buying and selling international shares when choosing the right platform for your portfolio. ### Dealing charges […]
Retirees to receive another above-inflation state pension bump
The state pension is set to receive a 4 per cent increase from April 2025, marking the second consecutive year of above-inflation growth. This rise is attributed to a robust 4 per cent increase in average earnings over the year to July 2024, as reported by the Office for National Statistics. With inflation remaining low […]
NS&I slashes savings rates
National Savings & Investments (NS&I) recently made the decision to decrease the interest rates on some of its fixed-rate bonds, signaling potential changes for Premium Bonds holders in the near future. The rates on two-year, three-year, and five-year British Savings Bonds were reduced from 4.60 per cent to 4.25 per cent, 4.35 per cent to […]
How to plan and pay for care
Navigating the complexities of the care system can be overwhelming, especially when faced with the emotional and financial burden of moving a loved one to a care home. The recent decision to scrap plans for social care reform by chancellor Rachel Reeves has left many families grappling with the high costs associated with long-term care. […]
‘What happens to my pension when I die?’
Transferring a private pension and reallocating the balance after taking the 25 per cent tax-free lump sum requires careful planning. The remaining pension fund can be reinvested via pension drawdown, where it stays invested and can be withdrawn as needed subject to income tax, or you can leave the funds to grow without drawing income. […]
What to do after the death of a partner
Overall, dealing with the administrative and financial tasks after the death of a loved one is a difficult and emotionally taxing process. It is important to take things one step at a time and rely on your support network for help and guidance. Rushing into decisions or trying to handle everything on your own can […]
Taking Control: Navigating My £860,000 Portfolio Towards Retirement at 60
Jane, a 51-year-old woman who recently went through a divorce, is now focusing on managing her assets and planning for early retirement. With a substantial pension pot, Isas, a general investment account, cash, and property, Jane is seeking advice on how to invest wisely to retire at the age of 60. Currently earning £70,000 per […]
Unlocking Opportunities: How Mortgage Deals Can Empower Landlords Against Labour’s Regulations
With the recent announcements made in the King’s Speech regarding renter protections and upcoming changes in the next parliament, landlords should brace themselves for new regulations. The Labour party has vowed to put an end to Section 21 ‘no fault’ evictions, which could have a significant impact on the rental market. Additionally, there are indications […]
The Growing Burden of Inheritance Tax: Labour’s Perspective on Record-breaking Payments
As chancellor Rachel Reeves revealed a significant £22bn deficit in public finances last month, it is likely that the upcoming October Budget will see some form of tax increases. With national insurance, income tax, and VAT already ruled out, Labour might turn to inheritance tax (IHT) and capital gains tax (CGT) to fill the financial […]
Crush the Single Woman Stigma: Strategies to Overcome Unfair Penalties
Single women face discrimination in the workplace and by financial services providers, leading to a disparity in savings and pensions that can impact their ability to support themselves in retirement. As societal norms shift and more women choose to remain unmarried, the challenges they face are becoming more pronounced. In the job market, single women […]