MPs secure a No-Deal Brexit veto

With less than four weeks until Brexit day, parliamentary gridlock means it remains unclear whether the UK will leave the EU as scheduled, or whether the Brexit process will be postponed, or even completed at all. Although the Prime Minister continues to state her commitment to leaving the EU as planned on 29 March, the … Continue reading “MPs secure a No-Deal Brexit veto”

Life insurance holders risk leaving money to the wrong people

When was the last time you reviewed the recipients of your insurance policies? Insurance provider Phoenix Life has found that the majority of people have forgotten to update their policies after setting them up. This could result in money going to the wrong people in the result of a payout. Research by Phoenix Life has … Continue reading “Life insurance holders risk leaving money to the wrong people”

How the bank of Mum & Dad can help first-time buyers

With property prices out of sync with wages, high rents and living costs rising, it comes as little surprise that first-time buyers are finding it hard to afford the deposit for a home. Unsurprisingly, many find they need to turn to the Bank of Mum and Dad for some additional financial help. The challenge facing … Continue reading “How the bank of Mum & Dad can help first-time buyers”

Two more years of Help to Buy will benefit First-Timers

The 2018 Budget contained measures aimed at tackling housing issues, including welcome news that the Government’s Help to Buy scheme was to be extended. Help to Buy was launched back in 2013 and is designed to make home ownership more accessible to first-time buyers and home movers. Under the scheme, the government offers a loan … Continue reading “Two more years of Help to Buy will benefit First-Timers”

UK housing market at a crossroads

The UK housing market is facing a unique combination of pressures, which could have major consequences for first-time buyers and sellers alike. In particular, the long-term trend of climbing house prices may be losing steam – but is this good news or bad news? Five straight months of falling house prices in London is just … Continue reading “UK housing market at a crossroads”

Hurrah! Pension Tax Relief unchanged

Although there had been much speculation, the Chancellor stopped short of major pension changes in his 2018 Budget speech, leaving pension tax relief unchanged. Other than the raising of the Lifetime Allowance in line with the Consumer Prices Index to £1,055,000 for the 2019-20 tax year, the rules surrounding pensions will stay the same. AN … Continue reading “Hurrah! Pension Tax Relief unchanged”

Will your pension be affected by a no-deal Brexit?

What will happen to pensions when we leave the EU? With the possibility of a no-deal Brexit, there is even more uncertainty over retirement funds. We look at how your pension could be affected – whether you have dreams of retiring abroad or staying in post-Brexit Britain. As we near 29 March 2019 – the Brexit … Continue reading “Will your pension be affected by a no-deal Brexit?”

Money advice to pass on to your kids in 2019

We all learn about money from an early age, so it’s interesting to think about what we were taught when we were young. What rules have stood you in good stead and which ones would you pass on to future generations? Here are some thoughts. SET YOURSELF FINANCIAL GOALS At every stage of life, you’ll … Continue reading “Money advice to pass on to your kids in 2019”