With the cost of education and housing rising, it’s become more commonplace for parents and grandparents to save for their children and grandchildren. By planning ahead, they can maximise the impact those savings will have. What’s your outcome? Whether you’re saving for yourself or your children, the first thing to think about is why you’re […]
Category: Handy guides
Do you remember that you were automatically enrolled in your employers’ workplace pension scheme some time ago? Well, the payments which are made into this scheme are increasing this month, so you’ll see a change in your payslip, but it’s not all bad news. Up until this month, the contributions into your workplace pension was […]
An interest-only or endowment mortgage is one where you pay only the interest and not the mortgage balance itself. They’re big business: there are over 1.6m interest-only or part-interest mortgages in the marketplace, nearly 20% of all outstanding UK mortgages. If you’ve got one, your biggest concern is: how are you going to pay it […]
There’s less than a month to go until the end of the 2018/19 tax year. However, there’s still time to consider some last-minute tax planning to maximise the use of an individual’s allowances, reliefs and exemptions for the current tax year. Some of these will be lost if not used before the tax year end. This year end tax planning checklist covers the main planning opportunities available to UK resident individuals and will hopefully help to inspire action to reduce tax for 2018/19 and 2019/20.
If you started getting financially organised this year, then you should have set yourself some outcomes in January. The Money Plan is a book and a system I created to getting people on track, which includes splitting the year into quarters where you can ‘check in’ to assess your progress towards your goals. By Q4, […]