If you haven’t yet claimed your PPI back, time is running out to do so. If you haven’t gotten around to it, because you are confused as to what to do, then check out my simple guide to ensure you get your claims in before the 29th of August.
We’ve now got auto-enrolment helping most of us save for a pension. But what if you’re in your 40s or older, and don’t have much of a pension pot built up yet? Read this article to find out more about how to get organised and plan for your retirement.
Vanguard’s Adviser Alpha survey is an annual report produced by one of the world’s largest and most respected fund management companies. Their latest survey used real-world data to try and quantify the benefits of using a financial adviser or planner – the returns on top of your returns, if you will. It makes for interesting reading.
With the cost of education and housing rising, it’s become more commonplace for parents and grandparents to save for their children and grandchildren. By planning ahead, they can maximise the impact those savings will have.
Without an LPA in place, if you are no longer able to make decisions because of an accident or a condition like dementia, your loved ones will need to spend a lot of time and money before they can act on your behalf – it can cost well over £5,000.
When you think of financial planning, what comes to mind? Boring discussions on pensions? Wealthy people hiding their money offshore to save tax? Neither could be further from the truth. Financial planning is used by millions of people worldwide, people just like you.
Universal Credit has made a lot of bad headlines, but like it or not, it’s here to stay. It will be phased in until 2023, replacing lots of other means tested benefits. Around 3m people are expected to be on it by the time the roll-out is complete. The way your Universal Credit is calculated…
As a nation, we love property, I try to expand my clients views, but often decisions made decades before meeting me means that the largest asset some of my clients own is their home and often they are pension and cash poor, so how do you release the value of your home?
We work hard all year to be able to enjoy our holidays, so making every penny count helps you get the most from your trip. Now, however, is the time to start planning your summer holiday money if you want to keep your costs down. Warren shares his top 10 tips on making your money go further when you’re heading overseas.
Anybody from a new-born baby until they are in their 60s can have a pension – you can even set one up in your baby’s name and pay into it from the day of their birth! The beneficiary can’t access their pension until retirement age, so your children can’t use it to buy a car or a house or to pay for university. So why would you consider starting one for your child?
Money, like a relationship, is a very emotional thing. Put the two together and you’ve either got sweet sailing or stormy waters ahead. Discussing your thoughts and rules around money is important as a couple. You need to develop together in a financial sense as well as an emotional one. Based on over 20 years of working with couples and their finances, here are some tips on navigating the journey together.
We don’t receive financial education at school, so teaching children about money starts at home. That can seem scary if you’re not good with money yourself, but with a simple pocket money system you can easily show your children strategies which help them learn and grow their own money management skills.
The 31 January deadline for submitting online self-assessment tax returns is suddenly looming large. If you’re not one of the 10,000 or so people who submitted their returns on Christmas Day or Boxing Day – no, me neither – and you still haven’t done it yet, then it’s time to get moving on your return.
It’s that time of year when credit card statements loom large – and for many, that means worries about their finances. Recent research showed that people take on average until May to pay off their Christmas. Follow my steps to say goodbye to your credit card debt.
Debt is crippling. It clogs us up. It hinders us. It weighs us down. It enslaves us and it makes us unable to manoeuvre, often leading to mental health issues. Employers have a moral responsibility to look after the financial wellbeing of their employees and to ensure they are at least financially literate.
Christmas is one of those times of year where sensible people do some silly things. We might have been good all year when it comes to our health, diet or money, but then the jingle bells come on the radio and the streets are decorated with magic, and we forget everything and overindulge!
For many, we feel we need something to make us happy, a new job, a new relationship, more money. The fact is, although we may like having these things, they won’t make us happy. We can decide to be happy with them, or without them because our happiness will not come from the outside, our happiness will only come from within.
Getting financially organised is important, because clarity is power. When you know your numbers, your finances are not as complicated as you might think. Clarity gives you the enthusiasm to make better decisions and live the life you want to live.
The government have just launched a new savings scheme called “Help to Save”. It allows you to save upto £50 a month over four years (up to a maximum of £2,400) and receive a 50p bonus for every £1 you save. Find out more about the benefits on this scheme along with how you open an account.
In the US, the third Thursday every October is Get Smart About Credit Day, and we should piggyback on that here. It could be called Get Smart About Debt Day, because that’s exactly what credit is, it’s not our credit, it’s our DEBT. Whatever you want to call it, use the day to begin the process of climbing out of debt with my simple tips.
Parents helping out their children (and grandchildren) financially is a tricky topic because it’s so caught up in emotion and love that it’s not always easy to make sensible decisions. I have two kids and I love them dearly – but there’s a reason it tells you on the airplane safety briefing to put your own mask on first before you help your children. In the same way, financial support for your family is a case of secure yourself first.
I think Q3 is the one of the most exciting times of the year: on one hand you’re thinking about how quickly time flies, and on the other there are six months left of the year, plenty of time to do something about achieving your goals.
Mutual funds have many costs, all of which affect the net return to investors. One easily observable cost is the Ongoing Charges Figure (OCF). Follow the link to understand more: https://t.co/dlJ10WzQb1
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