News

Almost two million children have ‘forgotten’ savings accounts

Posted in News, Right | Posted on 17 Sep, 2019

Young adults who qualified for Child Trust Funds when they were born could be sitting on savings accounts that have been accumulating interest for 17 years. Official figures have revealed that almost two million children

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Economists warn of a 10-year shortfall in savers’ pensions

Posted in Left, News | Posted on 17 Sep, 2019

Economists at the World Economic Forum (WEF) have issued a warning to British pension holders that they could run out of money a decade before they die. The latest report from the WEF suggests that

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Do you have good financial protection just in case the worst happens?

Posted in News, Right | Posted on 17 Sep, 2019

Anyone who owns a car knows that it is a legal requirement to have proper insurance, which  protects both ourselves and other road users should the worst happen. Similarly, most of us will have in

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Easy access accounts grow in popularity

Posted in Left, News | Posted on 17 Sep, 2019

According to new research from UK Finance, more people are saving their money in easy access savings accounts. The industry body found that deposits held in instant access accounts in June 2019 were 2.5 per

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The clock is ticking on Help-to-Buy ISA

Posted in News, Right | Posted on 17 Sep, 2019

From 30 November 2019 savers will no longer be able to make new applications for the Help-to-Buy ISA. The short-lived ISA has helped many people on to the property ladder but after this date, no

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Spike in final salary transfers

Posted in Left, News | Posted on 17 Sep, 2019

Pension savers have used their rights to transfer their ‘final salary’ pension in unprecedented numbers over the past three years, moving £60 billion out of defined benefit schemes since 2016. According to a Freedom of

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Bereaved spouses may be paying unnecessary tax on ISAs

Posted in News | Posted on 16 Apr, 2019

A new Freedom of Information request has revealed that last year only 21,000 people took advantage of a tax scheme that allows a surviving partner to expand their ISA allowance to include funds from their

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Simple paperwork error could see thousands of parents miss out on pension contributions

Posted in News | Posted on 16 Apr, 2019

The Chair of the Treasury Committee, Nicky Morgan MP, has highlighted that more than 200,000 parents may face a smaller state pension due to a simple error involving child benefit. In order to receive the

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Could a Deed of Variation reduce your inheritance tax bill?

Posted in News | Posted on 16 Apr, 2019

Having to deal with estate administration matters after the death of a loved one is hard enough. So, if during the course of sorting out probate, you discover that you are liable to pay Inheritance

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Auto enrolment contribution rises up to five per cent for employees

Posted in News | Posted on 16 Apr, 2019

From 6 April 2019, the minimum contributions employees and their employers will have to make towards their automatic enrolment workplace pension scheme will increase. Rising from three to five per cent of a worker’s annual

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