Avoiding Financial Pitfalls: Essential Tips for Effective Financial Planning
When it comes to sticking to a resolution, the key lies in making your goals specific and measurable, according to psychological research. This principle is particularly relevant when setting financial goals. With this in mind, we’ve identified five practical and achievable financial resolutions to help you stay on track. These tips are designed to help […]
7 Financial Pitfalls to Avoid for a Secure Future
Managing personal finances can sometimes reveal areas needing attention that may go unnoticed in day-to-day budgeting. By regularly reviewing key financial aspects, you can spot areas that may be draining funds or limiting growth. Here are seven financial areas to watch to help ensure your finances stay on track. 1. Dormant Savings Accounts If you […]
3 Things Every Young Adult Should Know
Becoming financially literate is one of the most valuable life skills you can develop as a young adult. Making smart financial decisions early on will not only set you up for the future but will also give you greater control over your finances today. Here are three essential things every young adult should know about […]
Potential Changes Following Rachel Reeves’ Recent Announcement: A Financial Overview
Rachel Reeves, the newly appointed Chancellor of the Exchequer, has recently made a series of announcements that could significantly impact various aspects of the UK’s finances. These potential changes could affect taxation, pensions, Capital Gains Tax (CGT), Inheritance Tax (IHT), and mortgages. This article will explore these potential changes and their implications for individuals and […]
How Financial Protection Provides Security for Parents
The threat of serious illness within a family, particularly concerning children, can bring about profound stress, encompassing the financial strain of care, worries about accessing necessary services, and the emotional weight such situations carry. While we cannot foresee health issues that may arise, taking proactive steps to secure financial protection can significantly mitigate these risks. […]
Bolstering Your Family’s Financial Well-Being
As the tax year draws to a close, it’s the perfect opportunity to bolster your family’s financial health and make the most of your allowances to maximise efficiency. Give Your Child a Financial Head Start The responsibility of saving for your child’s future is significant, yet it offers rewarding outcomes. Opening a child’s pension or […]
Tax Year-End Planning Guide
As the current tax year winds down, it’s crucial to leverage the tax reliefs and allowances available to you. To help you navigate this, we’ve compiled a checklist to ensure you fully utilise these benefits and avoid missing out. An ISA is a medium to long term investment, which aims to increase the value of […]
Navigating Mortgage Repayment Challenges: A Four-Step Guide
The current financial landscape, with the Bank of England (BoE) raising its base interest rate to 5.25% as of September 2023 – a peak not seen in 15 years – has left numerous homeowners grappling with their mortgage repayments. If you’re nearing the end of a fixed-rate deal, you might be transitioning from a comfortable […]
Spring Budget 2024
Today Chancellor Jeremy Hunt delivered the Spring Budget alongside a fiscal outlook from the Office for Budget Responsibility. The new legislative proposals represent a major shift for the UK economy, poised to touch the lives of all residents and workers across the nation. The Spring Budget focuses on fortifying the British economy and bolstering support for […]
The Bank of Family And Its Impact On The UK Housing Market
The bank of mum and dad has expanded to become the bank of family. Its expansion has enabled it to underwrite an even bigger percentage of the UK’s mortgages. This means it has developed even more influence on the UK’s property market. This influence is, however, somewhat controversial given that not everyone has access to […]
