Personal Finance News

Five Reasons Why Investing Can be a Smart Strategy

19 July 2019 Deciding whether to save or invest your money can be difficult. Saving may be safer, but with interest rates at rock bottom it’s not going to earn you much in the way of a decent return on your capital. The impact of inflation could all but wipe out any interest returns hence […]

Expats urged to do their financial homework before committing to move abroad

18 July 2019 Immigration is a hot topic in the UK right now, however it’s easy to forget how many British expats reside in the EU. According to data from the United Nations, there were just over 4.5 million Brits living abroad in 2017, with 1.3 million residing in EU member states. Whilst this number […]

Smart Private Landlords Pay Less Tax on their Rental Income

17 July 2019 Renting out property can be lucrative source of income. It yields many opportunities to landlords, but like with all potentially profitable ventures, it also comes with its fair share of downsides too; namely paying tax on rental income. Paying tax is a positive thing when you look at the bigger picture. It […]

Report claims young people want access to their pension pot to help them get onto the property ladder

15 July 2019 Almost 3.8 million people aged 22-29 are saving below the recommended level for a comfortable retirement, according to the latest Scottish Widows Retirement Report. Despite auto enrolment, one in six people in this age group still aren’t saving at all for their retirement. Yet, 38% of under-30s say they would save more […]

New Savings Account Automatically Moves Your Cash So You Get The Best Rate

09 July 2019 Customers can register today for a new savings account, Kepe, which promises to end the ‘loyalty penalty’ by automatically moving cash savings to get better interest rates. Kepe plans to do for people’s cash savings and cash ISAs what auto-switching has begun to do for household energy bills. It removes the need to […]

5.4 Million UK Bank Accounts at Potential Risk of Undetected Fraud

04 July 2019 New research from TotallyMoney and Moneycomms reveals 1 in 12 Brits wouldn’t notice a rogue £20 entry on their bank statement, potentially costing a total of £108m. 1 in 12 (5.4 million) people wouldn’t spot a rogue £20 entry on their main current account Assuming each person has one bank account, losses could be up to […]