Archive: 2017

LISA savers face losing their £1,000 bonus

The Lifetime ISA (LISA) which launched in April 2017 enables savers to subscribe up to £4,000 a year and receive a government bonus of 25% on the money. The LISA allows individuals to save for retirement or to buy their first home.  For the first year only the government bonus will be paid annually (i.e. at the […]






Women rertirement age

The effect of raising the female state pension age

The Institute for Fiscal Studies (IFS) has issued a working paper examining “the effect of raising the female state pension age on income, poverty and deprivation”. It offers a variety of interesting and sometimes counter-intuitive insights to the reform, which was originally set in train by the Pensions Act 1995. For example: Between 2010/11 and 2015/2016, the […]






The Government should keep its hands off our pensions!

The Government should remove the £1m lifetime allowance and keep it’s hands off our Pensions! Changes in pensions legislation have had more impact than anything else I have experienced as a financial planner. The most significant development was the sweeping changes to pensions announced in the Labour government’s 2004 budget, which came into effect on […]






Inflation

June CPI inflation figures – maybe interest rates will remain

The CPI for June showed prices flat over the month, whereas prices rose by 0.2% between May 2016 and June 2016. The consensus had been for a 2.9% annual rate, so the 0.3% drop to 2.6% surprised the markets. The CPI/RPI gap widened to 0.9%, with the RPI annual rate now standing at 3.5% (down 0.2% on […]






Universirty fee planning

The Cost of Education

A quarter of UK parents regret not saving earlier for their child’s education and one is five say they wish they had saved more, according to new data. Funding the cost of education is a big and important issue. It seems that more than 70% of parents contribute towards the cost of their child’s education, […]

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