You may recall we sent out a budget summary earlier in the year that included the Lifetime ISA (LISA). To recap the details, this is an ISA for those under 40 years of age and can only be used for retirement (after the age of 60), or for the purchase of a first home. The […]
So university fees seem to be going in only one direction … and that’s up! From September 2017 fees will rise to £9,250 per year, and that is purely for the education element of the experience – it does not include the cost of living per student per year. So before considering how they will […]
NatWest and RBS are the first banks to issue warnings to 1.3 million businesses and commercial customers that they may have to start charging for bank deposits – in effect introducing negative interest rates. Whilst the norm is that money deposited in the bank receives interest in return (albeit not a lot at the moment), […]
The right time to borrow is definitely when interest rates are at their lowest, so if you have a credit card don’t rush to pay off your balance just yet, especially if you have money in the bank that means you are able to. If you are in this situation it means you are at […]
The auto-enrolment process introduced by the government for pensions has a 95% compliance rate from small businesses. The auto-enrolment scheme was meant to encourage people to save for their retirement rather than rely on state benefits, which are less than adequate for the average Brit. As 66% of employees are reported to have signed up […]
Following on from the previous article, one thing not to rely on to supplement your pension savings is money tied up in property. Whilst property is a good long-term investment in most cases, you still need to be aware of the risks of holding such a direct investment. Unlike other investments, your money really is […]
