Personal Finance News

2 Apr

Last minute dash expected as ISA season draws to a close

With the tax year ending at midnight this Sunday, investment service provider Willis Owen is expecting its busiest weekend of annual ISA sales as savers rush to beat the deadline. This is despite major pension freedoms coming into effect on Monday and the upcoming General Election prompting some retail investors to delay activity. Jason Chapman, […]

2 Apr

Over 55’s oblivious to tax bombshell when withdrawing cash from their pension pots

Nearly nine in 10 of over 55’s are unaware they will face an income tax bill when taking out a cash lump sum under the new pension freedom rules being introduced by the Government, according to new research from Sanlam Wealth Planning.. The new study, which questioned 2,000 people over the age of 55 across […]

27 Mar

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 […]

26 Mar

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 […]

26 Mar

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 […]

18 Mar

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 […]

18 Mar

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 […]

16 Mar

UK consumers frustrated by poor broadband speeds

Research from comparison site 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 […]

13 Mar

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 […]