Blog

  • Could the Buy-to-Let tax changes be the next pension crisis?

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    The National Landlords Association (NLA) has warned that the next pension crisis could be created by the impact of changes to the way buy-to-let properties are taxed, as many individuals are becoming increasingly reliant on funding their retirement through income generated by property. Recent figures suggest that around 77% of landlords rely on the...
  • Save at least 11% of your income for retirement!

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    A recent study by leading think-tank the International Longevity Centre has suggested that people should aim to save a minimum of 11% of their income in order ‘to achieve an adequate retirement income’, which is defined as 70% of the amount earned whilst working. The think-tank emphasises that this is a minimum amount and in fact recommends a figur...
  • Time, not material goods, raises happiness

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    A new study has found that paying to free up your time is linked to increasing your level of happiness. Individuals taking part in a psychological experiment said that they felt happier when using $40 (around £30) to save themselves time rather than buying material goods. Stress over not having enough time can lead to reduced well-being, as well as...
  • Britons with second home in Paris could face a steep council tax rise

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    A proposal to free up properties in Paris was approved at the beginning of July 2017 and could result in a major increase in council tax payments for UK residents with second homes in the French capital. The changes would result in an average payment increase of over €2,000 (around £1,750), a hike surely likely to prompt some to think about selling...
  • VAT – the option to tax or not to tax?

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    When you legally have the option of either paying or not paying VAT, it’s always preferable not to pay rather than claiming it back as input tax after payment to a supplier. One example where this is the case is when non-residential property is purchased with the intention of being used as a dwelling, or being converted into dwellings. Imagine a pr...
  • Rise reported for top fixed-rate cash ISAs

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    Charter is also offering 1.41% on its new two-year ISA, pushing slightly ahead of that provided by UBL, which pays 1.36%. However, anyone wanting to withdraw from the ISA before the end of the term will lose 180 days’ worth of interest. The new two-year ISAs are considerably more attractive than those on offer in December last year, with Leeds Buil...
  • SUMMER ROUND-UP 2017

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    The children are back at school, it’s getting darker and you’re starting to think about the central heating. Summer is drawing to a close and we thought it might be interesting to reflect on some key events over the last few months – and see if they give us an idea of what might happen in the run up to Christmas… These notes were written on Monday...
  • Average price for first home reaches record high

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    A recent study has found that the average deposit first-time buyers need to pay on a home has now risen to nearly £33,000. This is thanks to the average price of a first home now climbing to a record figure of £207,693. The Halifax First-Time Buyer Review discovered that almost half (47%) of all house purchases with a mortgage made during the first...
  • Raising retirement age will not fill the ‘black hole’

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    Recent figures have suggested that the government will be forced to cut back on healthcare spending, raise taxes or increase borrowing to care for the UK’s ageing population, even if the retirement age was immediately raised to 75. An economic study has found that population growth slowing and the increase in cost for healthcare are likely to put c...
  • How long would your savings last?

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    A recent survey has found that the typical working person in the UK has around a month’s worth of savings to be able to maintain their current lifestyle should their income stop without warning. The data collected from 2,000 people found that the average person’s savings would support them for 32 days. More worryingly, 26% of those who responded sa...