Archive for the ‘Financial Planning’ Category

Image Courtesy of Flickr_Ishan Manjrekar

Budget Snapshot 2018

The Budget statement was delivered today at 3.30pm by the Chancellor of the Exchequer, Philip Hammond. This is the first Monday Budget since 1962, the year Ipswich Town were Football League Champions for the only time. The Budget is a report presented each year by the Chancellor of the Exchequer to Parliament and the nation. [...]

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Image Courtesy of Flickr_Ishan Manjrekar

What are my digital assets?

How many things in your life do you manage or store on your computer, tablet, smartphone or online? Like many people today you probably access photos, videos, music, e-books, blogs, movies, emails, conversations, social media, games, bank accounts, medical records, and even maintain your identity – all online. All of these are called “digital assets” [...]

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PK Partnership Mortgage

Scams and Cold Calling: Pensions

Be wary of cold-callers who offer a ‘free’ pension review — it could cost you more than you think. There has been an increase in the number of cold calls since pension freedoms were introduced in 2015, including from fraudsters trying to persuade people to move their pension into unregulated investments. The government has proposed [...]

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Image courtesy of Flickr_Pink Sherbert Photography

Interest Rates Set to Rise

The Bank of England is indicating the interest rate will increase in the coming months, so it may be a good time to review your investments. The Bank of England held the interest rate at 0.5% in May, but its Governor, Mark Carney, reiterated the view that rates will probably need to increase if the [...]

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Reduced protection for mortgage payments

What would happen if you were unable to pay your mortgage? Changes to the government’s scheme supporting people unable to make their mortgage repayments – Support for Mortgage Interest or SMI – could have significant consequences for struggling home owners. From 6 April 2018 SMI ceased to be a benefit payment and became a loan [...]

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Image courtesy of Flickr_Sheila Sund

UK Dividends continue to Perform

UK dividend yields are better than you might imagine. Dividends have been rising. UK companies paid out £94.4 billion in dividends in 2017, a 10.5% increase over the previous year. The increase for 2018 is expected to be markedly smaller, as last year’s payouts benefited from exchange rate gains that are unlikely to be repeated. [...]

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Which ISA is right for you?

You can invest up to £20,000 in the 2018/19 tax year under your main ISA allowance, using a mixof different types. Each has its own terms and conditions including limits, investment vehicles and access rules. Regular ISAs The original ISA is a tax wrapper, through which you can invest in cash, funds, individual stocks and [...]

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Image courtesy of smee.bruce, Flickr

The pros and cons of joint finances

Many couples in long-term relationships maintain independent finances, but typically also operate one or more joint accounts to cover day-to-day bills or for savings. There are a number of benefits and risks to managing money together. On the simplest level, a joint account can help couples keep track of their finances and ensure costs are [...]

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House

Bank of Mum and Dad feeling the squeeze

Figures from Legal & General released this week suggest young home buyers are growing increasingly reliant on their parents to help them get onto the property ladder. “Bank of Mum and Dad” will help fund one in four property purchases this year – but is starting to feel the pinch, according to new research. Parents [...]

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Image courtesy of Flickr_Sheila Sund

Next stage of automatic enrolment

Since 2012 employer and employee automatic enrolment contributions have totaled 2% of ‘band earnings’, with the employer having to pay at least 1%. From 6 April this year, the minimum contributions will rise to 5%, with 2% from the employer. The extra outlay could be significant, especially for employees. Taking someone earning £26,000 a year [...]

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