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Financial Planning

 
 
Readers Question: Can I use my spouse’s tax allowance?

Readers Question: Can I use my spouse’s tax allowance?

November 15, 2019

The first £12,500 of any income we earn is free of income tax, what seems unfair is that if one of you stays at home and does not have any earnings, then their £12,500 of tax-free allowance is left unused.
Many people don’t realise that since April 2015 you can apply to get a refund in these circumstances whree you could save £1,149 of income tax.

Category: Financial Planning, Money Management

 
Good-bye Help to Buy

Good-bye Help to Buy

November 8, 2019

If you want to open a Help to Buy ISA, you will need to be quick because the Help to Buy ISA is due to close to new customers on 30th November. However, don’t despair the successor to the Help to Buy ISA was launched back in April 2017 and is well underway, so until the end of the month, you have two options to help you save for your first home, the Help to Buy ISA and the Lifetime ISA, often referred to as the LISA. So, what’s the difference between these two ISAs?

Category: Financial Planning, Saving & Investing

 
How to save for your first home!

How to save for your first home!

October 18, 2019

With the average cost of a property in the UK for a first-time buyer at £210,000, it’s difficult for millennials to get onto the housing ladder without the help of mum and dad, so I wanted to share my thoughts about how you can save to get on the property ladder.

Category: Financial Planning, Saving & Investing

 
How much can I afford in mortgage payments?

How much can I afford in mortgage payments?

September 20, 2019

We are all familiar with what a mortgage is, but do we know how much we can afford, by that I don’t mean how much will the lender lend me, but how much can I afford to pay each month. Find out about the 28/36 rule which measures borrowers’ ability to afford their mortgage payments based on their households’ gross monthly income, monthly housing-related payments, and all other monthly debt payments.

Category: Financial Planning, Money Management

 
Have an ALIE to organise your finances

Have an ALIE to organise your finances

September 19, 2019

ALIE is a financial planners lifetime partner, some of us may be married, but we have a life affair with ALIE.  ALIE is a KPI (Key Performance Indicator) or barometer to help us understand what we need to know about our finances, it’s an acronym for; Assets, Liabilities, Income, Expenditure.

Category: Financial Planning, Money Management