Should you get a 30 year or longer mortgage?

The length of a mortgage is typically 25 years, yet more people are considering borrowing money for longer to bring down the average cost of monthly repayments. But taking a 30 year or longer mortgage could end costing you a lot more money. House prices rises might have slowed down, but they’re still very high … Continue reading “Should you get a 30 year or longer mortgage?”

Are you in danger of making a pension mistake?

A review of the retirement market by the UK regulator has raised concerns a growing number of people could be making poor decisions regarding their personal pensions. In 2015 a raft of changes were made to money purchase pension rules. Many people were no longer compelled to buy an annuity, a product offering a guaranteed … Continue reading “Are you in danger of making a pension mistake?”

Leave your family a pension – not a tax charge!

Many employer pension schemes now include a Death in Service benefit. But should the worst happen, this apparent perk may cause even more grief for your family if you don’t plan ahead. What are the risks and how can you avoid them? Isn’t it ironic, as Alanis Morissette once sang? Your employer, keen to offer … Continue reading “Leave your family a pension – not a tax charge!”

What happens to your pension when you die?

If you’ve made a will, well done. But the job’s not quite finished yet. Many people don’t realise that wills don’t cover pension pots – so you need to make separate arrangements. They say you can’t take it with you. And in an ideal world, many of us would like our pension to last exactly … Continue reading “What happens to your pension when you die?”

Who has benefited from Help To Buy?

The latest statistics1 show the scheme has  helped over 220,000 home-buyers. The average house price across the scheme is £191,000, illustrating that it’s helping people buy at the lower end of the housing market. With the government having pledged earlier in the year to fix the UK’s “broken housing market” it’s welcome news that over … Continue reading “Who has benefited from Help To Buy?”

Why do we forget about life insurance?

It’s a funny thing, insurance.  Most people insure their car, house & contents, holiday, carpets and so on, but what is the most valuable thing in your house? In these current times of austerity who wants or needs to pay out yet another monthly premium especially on something like insurance we will never spend!  Yet … Continue reading “Why do we forget about life insurance?”

Three Ways to Cope with Losing Buy-to-Let Tax Relief

The game has changed for many buy-to-let landlords. From April 2017 the change to buy-to-let tax relief started being phased in, which could translate into a big loss of profits for many with rental properties. What can you do about it? It used to seem as if buying to let was a licence to print … Continue reading “Three Ways to Cope with Losing Buy-to-Let Tax Relief”

How to start investing

Investing can appear complicated. However, if you get a few important and relatively simple things right then you could be well on your way to success. Many first-time investors place too much emphasis on deciding when to invest, worrying about economic or political events or trying to anticipate market peaks and troughs. This makes investing … Continue reading “How to start investing”

From student loan to your first pension and mortgage

You go to university because you want a good job and career. But what you won’t necessarily learn is how to adapt to your new life earning money and being financially responsible. Here are the top tips about work and finance that every graduate should know. There are many daunting aspects of graduating from university. … Continue reading “From student loan to your first pension and mortgage”

Seven power tips for pension planning

If you think life is looking more and more like Tales of the Unexpected, don’t despair. It’s still possible to take control of your own future – by understanding how pension freedom works. They say predicting the future is a mug’s game. They have a point. Just a couple of months ago, if I’d suggested … Continue reading “Seven power tips for pension planning”