Optimist vs pessimist – what does it mean for your money?

Is your glass half full or half empty? When managing your money and ensuring your financial security, both optimism and pessimism have key roles to play. Does it matter if you’re an optimist or a pessimist? Optimism is generally considered far more desirable, and research has consistently correlated it to many positive outcomes, ranging from … Continue reading “Optimist vs pessimist – what does it mean for your money?”

It’s getting harder to predict your state pension – and here’s why

Changes to state pension age and pension credit, alongside reports of forecasting errors, are creating uncertainty around this most important benefit. State pension reforms risk leaving an increasing number of people unsure what their retirement income may be. Ongoing rises in the state pension age have coincided with a change to related benefits such as … Continue reading “It’s getting harder to predict your state pension – and here’s why”

Is your annual allowance endangered?

You can normally pay up to £40,000 into a pension each year and receive tax relief on it – this is your annual allowance. But you need to beware of not one but two big risks to your allowance, which could cost you a lot in tax. When you first heard about the pension annual … Continue reading “Is your annual allowance endangered?”

Brexit delay spurs the housing market

The slowdown in the housing market caused by Brexit uncertainty is showing signs of shifting, thanks to the postponement of the UK’s leaving date. Asking prices are bouncing back as more homeowners decide they can wait no longer. After more than six months of falling buyer enquiries, the slowest house price growth for six years … Continue reading “Brexit delay spurs the housing market”

A French twist on equity release arrives in the UK

More people in retirement are turning to their homes as a source of cash. This usually means using a specialist equity release provider – but could an arrangement popular in France provide an alternative solution? Welcome to the strange world of the ‘viager’. Going up: the cost of living, life expectancy and the state pension age. Going … Continue reading “A French twist on equity release arrives in the UK”

Over-55s borrowing £11m a day against their homes

Many older people turned to their properties as a source of cash last year, due to the rising costs associated with later life. In 2018 homeowners borrowed nearly £11 million a day against the value of their homes, via the process known as ‘equity release’. Borrowing via equity release is at an all-time high in … Continue reading “Over-55s borrowing £11m a day against their homes”

Are the best things in life really free?

Fashion designer Coco Chanel is reputed to have said: “The best things in life are free. The second-best things are very, very expensive.” Many of life’s most exciting and memorable experiences can come with a hefty price tag attached. Recent research1 has calculated that going to university, buying a house, getting married, having two children, … Continue reading “Are the best things in life really free?”

First-time buyers keeping the market buoyant

The recent slowdown in the market has been good news for those who want to get into the housing market and make that all-important first purchase. Whilst the number of current owners moving home has come to a virtual standstill, due in part to the uncertainties surrounding Brexit, the number of first-timers has increased. Analysis … Continue reading “First-time buyers keeping the market buoyant”

Is it time to give your pension a spring clean?

The start of the new tax year can serve as a useful prompt to refresh your finances and take a look at your pension. Are your plans on track for your retirement? Here are a few steps you can take. PLAN AHEAD FOR A BRIGHT FUTURE One of the most important things you can do … Continue reading “Is it time to give your pension a spring clean?”

Civil partnership Bill makes progress

Last June, the Supreme Court ruled that laws banning opposite-sex couples from civil partnerships were in breach of the European Convention on Human Rights. So, for couples who dislike the idea of traditional marriage but would like full legal recognition of their relationship, the news that opposite-sex couples will soon be able to enter into … Continue reading “Civil partnership Bill makes progress”