Finance

Cash can be comforting. It’s familiar, it’s accessible, and it’s tangible. But while cash savings can be part of a well-balanced financial plan, they’re not always the best-performing asset. Data shows that many UK adults are reluctant to depart from cash. In an update reported by MoneyWeek, the Financial Conduct Authority (FCA) reported that 61% of adults with £10,000 or ...

Older workers could find they’re more exposed to financial shocks because financial protection doesn’t meet their needs. Read on to find out if a protection gap might affect you and how you could close it. There are several different types of financial protection, which would pay out a lump sum or regular income when certain conditions are met. For many ...

When you create your financial plan, you might envision everything following the path you’ve set out. However, life is often unexpected, and your plan should be updated to reflect changes to your circumstances. So, as well as your regular meetings, you might want to book additional reviews with your financial planner to ensure your plan continues to reflect your situation. ...

A Junior ISA (JISA) is often an effective way for parents to start putting money aside for their children to help them reach their goals when they reach adulthood. One important question parents need to consider is: Should the money be held in a Cash JISA or invested through a Stocks and Shares JISA? Read on to find out what ...

If an unexpected lump sum lands in your bank account, you might be tempted to splash out and treat yourself. However, using a windfall effectively could create long-term prosperity. There are plenty of reasons why you might suddenly receive a cash injection. Perhaps you’ve received a bonus from work or inherited assets. Whatever the reason, before you start making plans, ...

Creating a financial plan can seem complicated, especially if you need to take into account your partner’s views, assets, and goals. At times, you might have conflicting ideas about what is “right” and it can be a difficult situation to navigate. Working with a financial planner as a couple could help you overcome some of the key challenges you might ...

The gender pension gap is a pressing issue, and it grows wider after women have children. While men’s pensions tend to stay on track, for women, the gap between their retirement savings and a typical man’s starts to widen significantly. Here’s why: Career Breaks for Childcare It’s no secret that women tend to take on the lion’s share of childcare. ...

Using allowances and exemptions could reduce your overall tax bill and help you get more out of your money. On 5 April 2025, the current tax year will end, and many tax-efficient allowances and exemptions will reset. So, here are five that you may want to consider using before the 2025/26 tax year starts. 1. ISA allowance ISAs provide a ...

Christmas is a magical time of year, especially for young children who will be eager to see what Santa has left them under the tree. Along with their gifts, your child may receive money that could be put towards long-term goals and milestones. It’s likely not just you who will be buying presents for your child this year. Indeed, according ...

As a business owner, the Autumn Budget delivered at the end of October 2024 could affect both your business and personal finances. Read on to discover the key changes you need to be aware of. 2 Budget tax changes that could affect your business’s finances The good news is that despite speculation that Corporation Tax could rise, this didn’t materialise. ...