26 August 2020

Fraud goes viral – if it sounds too good to be true, it probably is

UK fraud prevention groups are warning individuals to be extra vigilant following a huge increase in the number of scams seeking to exploit the pandemic; as these scams increase in sophistication, we are all vulnerable. Your best tactic is to equip yourself to stay ScamSmart; you can do this through checking the FCA website www.fca.org.uk/scamsmart. […]

26 August 2020

Home working opens new horizons

One effect of the coronavirus epidemic has been the pressure placed on many people to find viable ways of working from home, aided by technology. Where insurance, security, connectivity and any local planning constraints allow, it’s likely that a significant number of these workers may continue to be wholly or partially home-based after the virus […]

24 August 2020

The Week in Review – 24 August

“A new approach to public health” Last week, as the COVID-19 global death toll passed 800,000, Health Secretary Matt Hancock launched a new body tasked with a “single and relentless mission” of protecting people from external health threats including pandemics and infectious diseases. Mr Hancock said the National Institute for Health Protection will combine Public […]

19 August 2020

Timing pays off for the early bird ISA investor

Early tax year ISA investors could be thousands of pounds better off, according to research1 looking at the investing habits of hypothetical ISA investors over the last 10 and 20 years.  The study concludes that if you were an ‘Early Shirley’ and invested your full ISA allowance on 6 April for the past 20 tax […]

19 August 2020

Making sense of pensions withdrawals

Research1 has revealed that one in five over-55s with a private pension withdrew a lump sum during 2019, although the study does suggest that, for many, this was probably not a financially sensible course of action. ‘Stash the cash’ The most popular reason for accessing pension wealth was to put the money into a savings […]

17 August 2020

The Week in Review – 17 August

“There are going to be bumpy months ahead” In the week when global coronavirus cases passed the 20 million mark, on home shores, the latest official labour market statistics released on Tuesday revealed the largest drop in employment for over 10 years. In response to the data, the Prime Minister cautioned, “Clearly there are going […]

10 August 2020

The Week in Review – 10 August

“We have to look forwards” Last week, the Bank of England (BoE) released the minutes of the latest Monetary Policy Committee (MPC) meeting which concluded on 4 August, during which members unanimously voted to maintain the base rate at a historic low of 0.1%. The MPC feel the current rate and monetary policy remain suitable, […]

10 August 2020

Protection for your money

With the outbreak shocking nations around the world and impacting people’s finances, savers understandably want protection for any savings they may have. For UK savers, the Financial Services Compensation Scheme (FSCS) can provide a safeguard adding a valuable level of reassurance. If you have any money in an account with a UK authorised bank, building […]

4 August 2020

You’re in safe hands

Buying a home is a major step that is much easier to take if you are well-informed and well-advised, regardless of whether you are a first-time buyer or someone who has moved before. Mortgage debt accounts for over 80% of total UK household liabilities, so finding a suitable mortgage is an important financial decision. Most […]

4 August 2020

Know your numbers this tax year

It’s well worth being aware of the tax allowances and exemptions available in 2020–21 to be able to maximise them for your own individual financial planning. Here are a few figures worth knowing: Personal taxation The National Insurance threshold is now £9,500. The Personal Allowance remains at £12,500, while the £50,000 higher-rate threshold remains unchanged […]