Offset mortgages – a smarter way to use your savings

An offset mortgage is a smart and tax efficient way to cut your mortgage costs, yet surprisingly only around ten per cent of borrowers are currently taking advantage of this type of home loan. It can be a big money saver for mortgage borrowers and makes even more sense in times like these when interest […]

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10 common myths about pensions

Pensions have repeatedly hit the headlines over the last year with radical reforms announced in both the 2014 and 2015 Budgets. Despite the improved awareness of pensions that has undoubtedly resulted from changes to the retirement market, many savers find pensions a confusing and complicated subject. David Smith, Financial Planning Director at Tilney Bestinvest dispels […]

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Do your homework before choosing your pension options

The forthcoming pension ‘freedoms’ have been dominating the personal finance news over the last few months and as we approach 6th April it is important that customers understand their choices and what it will mean for them in retirement. The most important thing to stress is that just because these sweeping pension reforms start next […]

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Osborne unveils new ISA for first time buyers

George Osborne unveiled details of a new help-to buy ISA in today’s budget in a bid to help first time buyers. Under the terms of the scheme first-time-buyers can receive a financial bonus of up to £3,000 each to put towards the deposit for their first home. Savers taking part in this initiative will have their savings […]

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Budget boost for UK savers

In his budget today Chancellor George Osborne announced that the first £1,000 of interest earned on savings will be completely tax-free for lower earners from next year, This move will bring a smile to the faces of savers who have suffered from rock bottom interest rates in recent years, the new allowance, which will come […]

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UK consumers frustrated by poor broadband speeds

Research from comparison site Uswitch.com shows that broadband speeds across the UK are at their fastest at 5am, but slow by more than a fifth by the time the majority of people are using their PC, laptop or tablet at 9pm. The range between best and worst speed varies in different parts of the UK […]

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One in four over 55’s say they can’t afford to give up working

According to recent research from Key Retirement Solutions, over a quarter of UK workers aged 55 or over feel they will never be in a position to give up working completely for fear of not having sufficient money to live on. In a survey of more than 3,000 UK adults, one in four of those […]

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Scottish Friendly calls for extra pension warnings

Scottish Friendly has called for the issue of formal ‘think again’ warnings to be issued to customers wishing to cash in all or part of their pension when the new pension freedoms take effect next month. The savings and ISA provider says that guidance alone from bodies such as Pension Wise and Citizens Advice is […]

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Mortgage repayment an issue for 1 million pensioners

Up to one million people nearing retirement age still owe money on their mortgage, according to a new report. The latest research from LV= looking at the finances of retirees reveals that less than one in four over-50s were planning to seek professional financial advice before they retire. These numbers are worrying ahead of the […]

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Unwelcome price rise for O2 and EE mobile phone customers

Mobile phone giants O2 and EE are hitting customers in the pocket with a 1.1% price increase. The hike in prices comes just over a year since the regulator OFCOM ordered mobile phone providers to allow customers to exit their mobile phone contract without paying any penalty if the cost of monthly their monthly tariff […]

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