Research from ING shows that 27% of people are at risk of falling into financial difficulties, as they have no savings to fall back on if something goes wrong.
It’s easy to think that it won’t happen to you, but …
Month: March 2018
The death of Annuities has been exaggerated; Three tips for making the right choice
Annuities have undoubtedly fallen out of favour among new retirees.
Since the Pension Freedom reforms in 2015 broadened the options available when accessing pension funds, the popularity of Annuities has fallen by 75% (Source: Association of British Insurers ABI)…
Divorce: Why you might be paying the price for decades to come
Getting divorced is an expensive process.
It can also take years, or even decades to fully be free of the effects.
During the process, you are likely to be affected emotionally, physically and financially, but over time, the first two …
Giving money to charity? Six mistakes to avoid
As a nation, we gave over £9 billion to charity last year. (Source: Charity Aid Foundation)
In addition, 53,000 legacies were left, totalling £1.4 billion (Source: Legacy forecasting)
That’s something to be proud of.
However, we also gave …
The tax man received over £5 billion last year, don’t leave him an inheritance
Would you prefer the money you leave behind to go to your loved ones, or the tax man?
Last year, over £5 billion was taken from people’s estates in Inheritance Tax (IHT) and this year, that figure is set to …
Retirement planning: Will you have enough to live comfortably when you give up work?
If you have recently been automatically enrolled into a workplace pension, you should be feeling happy with yourself, staying opted in, making contributions and building your pension fund feels great.
But it might not be enough.
Most employed people are …
Homeowning: The naivety of youth
Buying a house.
It’s one of the biggest commitments your child will have to make when they grow up, but research from Halifax shows that many children and teens aged 11 to 21 are in the dark about how buying …
Speaking of money: How to hold productive discussions about household finances
How often does the topic of money come up around your dinner table?
Less than half (49%) of European couples find household finance meetings exciting, according to ING. That’s okay, not everyone is interested in dissecting their income and …
Hope for savers as Cash ISA interest rates begin to rise
The past decade has been miserable for savers.
Low interest rates, coupled with prolonged periods of relatively high inflation has meant that capital held in savings accounts is guaranteed to lose value.
However, research now shows that there might be …
When interest rates are so low, why are millions of people locked out of buying a home?
In 1995, 65% of 25-34-year olds owned their own home.
With Bank of England (BoE) base rates above 6% at the time (Source: Bank of England (BoE)), today’s low interest rates should be a blessing to young adults.
However, just …