26 July 2023

Money – In the news

National Insurance (NI) gap  If you want to boost your State Pension and plug a gap in your NI record, the government has just extended the deadline for doing so from 31 July 2023 to 5 April 2025. The government has been allowing eligible people to retrospectively build up their April 2006 to April 2016 […]

26 July 2023

HNWIs cutting pension contributions 

Research has highlighted that in an effort to alleviate daily financial pressures, including rising mortgage rates, one third of high-net-worth individuals (HNWIs) have reduced their pension contributions or intend to do so in the next six months1. Those with assets of £250,000 plus are more likely to have reduced their pension contributions in the last […]

25 July 2023

Housing stock high 

The number of houses for sale has soared new figures show1, further strengthening the position of buyers.  Supply surge?  Ever since the pandemic days of frenetic buying, demand outstripping supply has been a familiar picture in the UK housing market. As interest rates have risen sharply in the past year, moreover, some potential sellers have […]

18 July 2023

The benefits of being a new tax year front runner

The longer days of summer are the ideal time to think about what you want for yourself and your family in the future, to set specific financial goals and to benefit from getting plans organised early in the tax year.  Setting your goals  Considering your individual financial goals and developing a financial plan that aligns […]

18 July 2023

Signs of optimism in global economy

Although the global economy continues to face significant headwinds, statistics released during the first few months of this year have revealed unexpected signs of resilience. This has led economists to begin upgrading growth forecasts, while the World Economic Forum’s latest Chief Economists Outlook reported signs of ‘nascent optimism.’   Growth stronger than expected  Uncertainty undoubtedly continues […]

11 July 2023

Mixed signals in housing and mortgage markets

Activity in the housing and mortgage markets is hotting up – and cooling down. According to the latest Residential Market Survey from the Royal Institution of Chartered Surveyors, a run of thirteen successive negative monthly readings for new instructions ended in May, marking the strongest reading for new listings since March 20211. Yet house prices […]

11 July 2023

Making purposeful financial decisions to combat inflation

The upsurge in inflation over the last year or so has again vividly highlighted the devastating impact sharply rising price levels can wreak on people’s finances. Carefully reviewing your financial choices now, though, can ensure you continue making appropriate decisions that will help to stop inflation leaving a lasting impression on your financial future.  A […]

11 July 2023

Pensions – what’s changing?

During the Spring Budget the Chancellor announced several changes to pensions including increasing the Annual Allowance and the Money Purchase Annual Allowance. The changes, the most significant since pensions freedoms in 2015, have largely been met with positivity, bringing greater flexibility and opportunity.  Some higher-paid workers faced additional tax bills as a result of building […]

4 July 2023

Where are house prices most protected?

In a housing downturn, not all cities and towns are equal. New research1 has highlighted which areas of the UK are the most resilient in the face of falling prices.  On the slide  In January, overall property prices fell for a fifth consecutive month, as the market continued to cool. Sliding prices have been brought […]

4 July 2023

Green home improvements on hold

Homeowners are delaying improvements to the sustainability of their homes, according to the latest ‘Greener Homes Attitude Tracker’ from Natwest1, as cost-of-living difficulties remain.  Cost-of-living delay  More than a quarter of homeowners indicated they are less inclined to implement energy saving measures in the upcoming 12 months amid enduring financial concerns. In the three months […]