After more than a decade of historically low interest rates, the Bank of England (BoE) has repeatedly raised the base rate since late 2021 in a bid to control inflation. This has squeezed the budgets of many homeowners who have seen their mortgage repayments increase when their current deal has come to an end. While the BoE held the base …
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 …
In today’s fast-paced and increasingly digital world, investment scams have become distressingly common, targeting individuals of all ages and backgrounds. However, a recent study by the Financial Conduct Authority (FCA) has found that a staggering 26% of investment scam victims are under the age of 30, reflecting a concerning trend of young people falling prey to opportunistic fraudsters. This alarming …
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 …
As inflation remains stubborn, and interest rates may have to remain higher for longer, recessionary concerns have grown around the world. Read on to discover some of the factors that may have affected your investment portfolio in October 2023. When reviewing short-term market movements, remember to focus on your long-term investment goals. UK After a slump in July, official data …
