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 …
Eccentric Willy Wonka boasts a lot of enviable skills as a businessman – he’s innovative, understands his target audience, and inspires loyalty from his employees. But his skills at succession planning left a lot to be desired. Over the years many actors have taken up the role of Roald Dahl’s iconic chocolatier Willy Wonka. The character is getting a new …
Life insurance is a crucial yet often overlooked component in establishing a comprehensive financial safety net for your family’s future. As a cornerstone of financial planning, life insurance can provide your loved ones with valuable financial security in the event of your untimely passing, ensuring they are cared for in the manner you intend. TPD Wealth, a Stockport-based financial planning …
As a UK property owner, you may find yourself faced with the age-old dilemma of choosing between mortgage overpayments or diverting excess funds into savings. Making the right decision for your financial situation can significantly impact your long-term financial health and security, and understanding the associated benefits and drawbacks of each route is crucial. TPD Wealth Management, a Stockport-based financial …
October can be a scary month; the nights are drawing in and All Hallows’ Eve takes pride of place on the very last day. There is, however, a far more important day that takes place around the same time and very few of us are aware of it. The 29th October is National Pension Tracing Day, I admit it’s not …
When your current mortgage deal comes to an end, your lender will usually offer you a new interest rate to encourage you to remain with them. This is often called a “product transfer”. While choosing this option does have some advantages, you could be missing out on a more competitive deal that may save you money. Read on to discover …
High inflation over the last year has collectively cost savers billions of pounds in real terms, according to an Independent report. Have you considered the effect the rising cost of living could have on your wealth? While inflation may not reduce how much you have in your savings account, in real terms, the value may fall. As the cost of …
The latest release from HMRC shows it collected a record £16.7 billion in 2021/22 through Capital Gains Tax (CGT) – a 15% increase on the previous tax year. Cuts to a tax exemption could mean CGT receipts might climb even further. CGT is a type of tax you pay when you sell or dispose of certain assets. It may include …
Government changes to when pensions are taxed may mean you could save far more tax-efficiently for your retirement. If a potential tax bill influenced your current retirement date, it might be worth reviewing your plan. Previously, the Lifetime Allowance (LTA) affected the total pension benefits you could build up before facing a possible tax charge. In 2022/23, the LTA was …
