Rising interest rates have been fantastic news for savers. But it might have left you wondering if you need to pay tax on the interest you’ve earned, and how to pay it if you are liable. According to online bank Marcus, 71% of people were not aware that the interest on savings could be taxed. […]

2 in 5 UK retirees have retirement regrets, according to a Canada Life survey. If you’re saving towards your future, you could learn some valuable pension lessons and avoid repeating the same mistakes. Securing the retirement you want often means thinking about this milestone many years before you celebrate it. One of the key challenges […]

While many economies are still struggling with high inflation there are signs that the pace is starting to slow, which could pave the way for interest rate cuts later this year. To reflect this, the Organisation for Economic Co-operation and Development (OECD) has lifted its 2024 global growth forecast by 0.3%, when compared to the […]

Homeowners with fixed-rate mortgage deals that end in 2024 could face much higher repayments due to rising interest rates. If your mortgage deal expires this year, being proactive could help you manage your outgoings. High inflation over the last couple of years has led to the Bank of England (BoE) increasing interest rates. In November […]

You may already have your estate in order and have written your will accordingly, but have you overlooked the value of speaking to your beneficiaries? A new report by PIMFA suggests that 58% of people in the UK have never discussed inheritance with their family members. Not doing so could mean that your beneficiaries may […]

A recent survey reported by Professional Adviser revealed that 2 in 5 wealthy individuals have been the victim of financial crime. Of the 2,000 people with assets worth more than £250,000 who were surveyed, 41% of them reported they had been scammed, with more than a third saying they had fallen victim in the last […]

A survey suggests that some retirees could risk running out of money during their lifetime because they haven’t considered how long their assets need to last. Failing to factor longevity into your retirement plan could mean your later years don’t live up to expectations or you may face financial insecurity. The report published in IFA […]

Managing your finances effectively as a couple could provide you with peace of mind and mean you’re more likely to reach your goals. Yet, it can be difficult as you could have very different financial priorities to your partner. Read on to discover five handy tips that could help you build a financial plan that […]

While inflation is starting to ease in economies around the world, there are still signs of economic challenges ahead. Read on to find out what affected investment markets in November 2023. UK In November, chancellor Jeremy Hunt delivered the Autumn Statement. Despite media suggestions that Inheritance Tax would be abolished, the biggest announcement was a […]

With the cost of living soaring and mortgage repayments rising, making additional payments on your home might be the last thing on your mind. Yet, if you’re in a position to do so, it may cut the cost of borrowing over the long term. To tackle rising inflation, the Bank of England (BoE) has increased […]