Blog

  • Where is the property market hottest in the current climate?

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    The latest figures from the housing market suggest that the Midlands is currently the hottest area for property, with price rises outstripping even those seen in the traditional hotspots further south. Rightmove’s most recent monthly price index has revealed that the average asking price for a home in the East and West Midlands during March increas...
  • The new Lifetime ISA is here: the pros and cons

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    The Lifetime Individual Savings Account, also known as the Lifetime ISA or simply “LISA”, is the brainchild of former Chancellor George Osborne and has finally arrived at the beginning of April for those wanting to get their hands on one. That might be trickier than you would think, however, with no banks or building societies currently offering LI...
  • Pension Savings: a quick recap on your options

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    It’s been two years since the government introduced pension freedoms, greatly expanding the options for how those who have saved into a defined contribution pension product can access their savings. There are now a number of different ways to take advantage of pension freedoms, so let’s have a look at each of them and the potential advantages and d...
  • The humble £1 coin 34 years on – what it could have made you

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    Tuesday 28th March 2017 saw the Royal Mint release 300 million new £1 coins. The updated design is dodecagonal (that’s the fancy word for twelve-sided), bimetallic like the £2 coin and, perhaps most importantly, impossible to fake according to the Mint, thanks to a closely guarded security feature. The old £1 coin will remain in circulation until S...
  • PRE-ELECTION SUMMARY 2017

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    Polls, policies, Brexit and your finances: what to expect in the run up to 8th June November brought us the election of President Trump. Earlier this month, Emmanuel Macron became President of France. Apparently not wanting to be left out, Theresa May took to the Downing Street lectern reserved for important announcements and called for a UK Genera...
  • What is rising inflation doing to your savings?

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    The Office for National Statistics (ONS) recently confirmed that inflation calculated by the Consumer Prices Index (CPI) rose from 1.8% in January to 2.3% in February, a figure above both the Bank of England’s own target of 2% and the figure of 2.2% predicted by many financial commentators. This rise will obviously have an impact on how far the mon...
  • How will your spending habits change in retirement?

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    It will come as a surprise to nobody that retirement is one of the biggest lifestyle changes you’ll ever experience. But as your priorities shift and the free time available to you increases, what you might not be as aware of is the way in which your spending habits are likely to alter too. Research analysing the spending patterns of households in...
  • If we are all going to have to work longer, what do you need to consider?

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    The long-established state pension age of 60 for women and 65 for men is set to change over the next few decades. The pension age for women has been gradually increasing since April 2010: the age for women is set to be brought in line with that of men, increasing to 65 by November 2018, with a woman’s birth month determining the exact date the chan...
  • An extra year before Making Tax Digital becomes law

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    As part of the Spring Budget, the Chancellor Philip Hammond gave an update at the beginning of March on the plans for rolling out Making Tax Digital (MTD), the scheme by HMRC to make digital record keeping mandatory and implement a number of changes to modernise the tax system. The key announcement was that many unincorporated businesses will now h...
  • What does the 25% charge on QROPS transfers mean for your dream to move abroad?

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    In the Budget, the Chancellor Philip Hammond announced a 25% charge for people moving their pension abroad. If you’re planning to spend your retirement somewhere warmer and sunnier than the UK then the news may have worried you somewhat – will it end up stalling your dreams of life after work spent overseas? The charge will affect qualifying recogn...