You have until 5 April 2023 to make the most of your ISA allowance for the current tax year. If you want to boost your savings or investments, adding more to your ISA could make sense. For the 2022/23 tax year, you can add up to £20,000 to adult ISAs. The allowance is for each individual. So, if you’re planning …
If you’re saving into a defined contribution (DC) pension, you can choose how you access the money. You’ll also be responsible for ensuring the savings provide you with an income for the rest of your life, so understanding the different options available to you is crucial. Most workers saving for retirement will have a DC pension. This is where your …
2022 ended with uncertainty and volatility that’s persisted for much of the year. Read on to find out what happened in December and how it affected investment markets. Looking ahead, uncertainty is likely to be something investors will need to negotiate in 2023 too. As economies continue to struggle with high levels of inflation, Goldman Sachs CEO David Solomon warned …
While you can take out a mortgage without the support of a mortgage broker, their help can be invaluable. Whether you’re a first-time buyer, moving home or remortgaging, a broker can help you understand all your options and could help you save money. Here are five reasons to choose an independent broker. How could a mortgage broker help you? 1. …
The majority of Brits feel stressed about planning their retirement, a survey from Aviva finds. While later-life planning can seem complex, taking control of your goals and pension during your working life can mean you feel more confident. The survey found that 61% of Brits feel stressed when they think about retirement planning. Unsurprisingly, given the current economic uncertainty, money …
Fewer workers are choosing to give up work on a set date. In fact, 34% of over-55s that haven’t given up work yet are gradually phasing into retirement, according to Legal & General figures. A phased retirement can take many forms. You may decide to reduce your working hours or change your role to one that has fewer responsibilities. Others …
Retirement is a milestone that’s often greeted with celebration. But what do you need to do to be happy during your later years? Research has revealed that it’s experiences, rather than material items, that are important. A survey from Royal London found that 72% of those aged over 55 favoured experiences over material possessions. From seeing more of the world …
Have you thought about how you’ll use assets later in life or what you’d like to happen to them when you pass away? Planning for the future with an estate plan now could improve your long-term security and ensure your wishes are followed. While it can be difficult to think about long-term challenges and understand what decisions are right for …
Globally, inflation and recession risks continued to affect markets in November. Head of the International Monetary Fund (IMF) Kristalina Georgieva suggested that inflation could be nearing its peak. However, the Organisation for Economic Cooperation and Development (OECD) urged central banks around the world to keep raising interest rates to tackle moderate levels of inflation. So, while some of the pressure …
Travel experts Lonely Planet have released their “Best in Travel” list for 2023. Split across five categories – eat, journey, unwind, connect, and learn – the organisation named 30 countries, cities, and experiences to add to your bucket list. From nearby cities (two UK destinations made it onto the list!) to exotic destinations, there’s something for everyone. If you’re looking …
