NHS waiting lists have reached a record high and a survey suggests people are worried about the effect it could have on the care they would receive if they faced an illness. It’s a concern financial planning could help ease. The BBC reports that 7.75 million people are waiting for NHS treatment in England. It adds that almost 9,000 people …
A “margin of safety” gives you a cushion to allow for losses or inaccurate assumptions in your financial plan. It could mean your goals remain on track, even if things don’t go exactly as you expect. Read on to find out why it could be a valuable part of your plan. The margin of safety was popularised by the “father …
Jeremy Hunt delivered his second Autumn Statement as chancellor on 22 November 2023. While the headline news was cuts to National Insurance rates for employees and self-employed workers, there may have been less attention-grabbing changes that could make your finances easier to manage. Read on to discover how ISA and pension changes might be useful to you. 1. ISAs are …
Some pension savers may have unwittingly exceeded a tax allowance and could now face a higher bill, figures suggest. According to HMRC data, the number of people exceeding the Annual Allowance increased by almost 20% in 2021/22 when compared to just a year earlier. The HMRC figures show more than 53,000 people contributed more to their pension than the Annual …
Property investment continues to be a popular and lucrative avenue for wealth generation in the UK. Building a successful and profitable property portfolio requires a comprehensive understanding of the market, as well as the adoption of key principles and strategies. In this guide by TPD Wealth, we will delve into the essential steps for constructing a robust UK investment property …
Investing in the UK stock market can be a powerful way to grow your wealth and achieve long-term financial success. However, for beginners, venturing into equities can feel daunting and complex. That’s why TPD Wealth presents this beginner’s guide to investing in the UK stock market, designed to equip you with the knowledge and confidence you need to make informed …
Achieving a comfortable retirement requires effective planning early in life. Critical to this process is understanding the nuances of the UK pension system, including various pension schemes available to help you secure a stable income during your golden years. TPD Wealth Management, a Stockport-based financial planning firm providing bespoke advice to individuals and businesses, offers a comprehensive roadmap to navigating …
Data suggests that buy-to-let investors could get greater returns on their investment by purchasing property in the north. As soaring interest rates mean landlords are paying far more in mortgage payments, finding properties with a great rental yield could ease the pressure, but so could securing a mortgage that suits your needs. According to a MoneyWeek report, the north of …
If your current mortgage deal is coming to an end, you might be unsure whether choosing a fixed-rate mortgage is right for you. Read on to discover the advantages and drawbacks you may want to weigh up. The Bank of England has increased interest rates to tackle rising inflation Over the last two years, the Bank of England’s (BoE) base …
Planning for your death can be emotionally difficult, but it could be a huge help to your loved ones. Research suggests administering an estate after a loved one has passed away can affect mental health and finances. Read on to learn more about some of the steps you could take to help your family manage your affairs. According to the …
