
Preparing for the unexpected
When we are managing our finances, most of us plan for the things that we expect to happen, such as university or school fees, or the need to fund our retirement.
When we are managing our finances, most of us plan for the things that we expect to happen, such as university or school fees, or the need to fund our retirement.
The decision recently by MPs to back the government in scrapping the ‘triple lock’ on pensions should make everyone who is relying on the State Pension as part of their retirement plan sit up and take notice.
Many of us think that we are too savvy to be a pension scam victim, but the statistics show that it is surprisingly easy for even more sophisticated investors and savers to get caught out.
The UK’s ‘net zero’ strategy – a path aimed to get the nation to net zero carbon emissions by 2050, will have implications for all of our finances, whether we like it or not.
The Chancellor’s long-awaited Budget did not include some of the stings that many savers and investors feared, including lower thresholds before those realising gains paid capital gains tax and more restrictions on tax relief for pension savers.
Whether you want to pass your driving test, cook the perfect crème brulee or save enough money to retire at 50, it is important to focus on your goal if you are to achieve it.
We have all become accustomed to rock bottom interest rates. The Bank of England base rate has been below one percent since 2009 and is currently at its lowest ever rate of 0.1 percent.
Bumpy rides in the stock market are nothing new, but they can be hard for investors to deal with. In the last few weeks, we’ve seen more stock market volatility, with energy prices and supply chain fears weighing on prices.
As the Conservative Party sets out its stall this week at the conference, many eyes will be on Rishi Sunak for clues as to how he will change our personal finances with his Budget on October 27.