Do savers need £1 million in the bank to retire?
We believe more planning is needed. In 2019, a report by the Pensions and Lifetime Savings Association (PLSA) disclosed that couples may need to save up to £1 million during their life to
Category: IFA News
Is there such a thing as a good debt?
While debt is often seen in negative terms there can be times in life when it is not only a necessity but can lead to a better financial position. That is if is
The advantages of a long-term savings account
Disappointing interest rates on everyday savings accounts and other investments mean investors and everyday savers are looking for alternative places to put their money. One of these is long-term savings accounts. Long-term savings
Last chance to top up your State Pension
To obtain a full state pension upon retiring, individuals need to have built up a required 35 years of NI contributions. Those missing the full 35 years of contributions face receiving a reduced
ISA Transfers: What you need to know
Transferring your Individual Savings Account (ISA) to a new provider for a higher interest rate might seem like an attractive option. However, it’s crucial to familiarise yourself with the rules surrounding ISA transfers
Budget gives boost to pension savers
Pension savers were given a boost by two key announcements made by the Chancellor, during his Spring Budget. The lifetime allowance of £1.07 million that can be saved into a pension has been
Make the most of your ISA allowance before the new tax year
An individual savings account (ISA) is a tax-efficient way to save or invest your money. Each tax year, you can invest up to a certain amount of money into your ISA tax-free, known
Get to know your pension allowances and make sure you use them
Maximising your pension allowances can help you achieve your retirement goals and ensure that you have enough money to live on when you retire. The UK Government provides several pension allowances, and it’s
Savers switch accounts in the hunt for higher interest rates
UK savers are voting with their feet and changing accounts in large numbers in the hunt for higher interest rates. There was a reported 317 per cent increase in the switching of accounts
Finding the ‘real’ interest rate
The headlines are full of stories about rising interest rates and their impact but it is the real interest rate that matters. Interest and inflation interact in a variety of ways. Inflation affects