Savers looking to mix LISAS with pensions
Savvy savers are planning to save both in their pension plan and in the Lifetime Individual Savings Account (LISA), following its launch this April. The new LISA has been designed as a savings vehicle for those aged 18 to 40 who want to save up to £4,000 a year. The government offers a big incentive […]
60% of UK adults don’t have any form of life insurance
A recent survey1 has revealed that up to 60% of adults don’t have any form of life insurance. When asked why this is the case, the answers vary. Some people simply don’t want to think about life’s unexpected events and don’t believe it could ever happen to them. Here are a few stark statistics. It […]
Interest-only mortgage maturities fuel equity release boom
The Financial Conduct Authority has flagged up 2017-2018 as a period in which a wave of interest-only mortgages sold in the 1990s and early 2000s will reach maturity. It estimates that almost half of these homeowners will not have the funds available to pay off their loan and that many will explore equity release as […]
Buy-to-let landlords turning to commercial property
Historically, those with buy-to-let mortgages can deduct all finance costs (such as mortgage interest, interest on loans taken out to furnish the property, and fees) in arriving at their taxable rental income. From April 2017, this no longer applies. They will instead receive a basic rate reduction from their income tax liability for their finance […]
Home insurance – why it’s important to get your sums right
How precise are you when it comes to numbers? Do you tend to ‘guestimate’? It’s an interesting fact of life that we find some figures easier to get to grips with than others. When it comes to home insurance, the more precise you can be when calculating the value of all the things you own, […]
The 17 million ‘sandwich’ generation
Although the sandwich generation earns more than other age brackets, it tends to have less capacity to save. Life may be said to begin at 40, but it also appears to be the age at which our financial burdens are at their heaviest. However, it’s important to remember that some people aged 45 to 54 […]
Is it time to remortgage whilst rates are still low?
With the monthly mortgage payment representing a major chunk of the average family budget, it can make sense to shop around from time to time to see if there’s a better, more cost-efficient mortgage deal available to you. According to the Council of Mortgage Lenders1 , around 36,000 people remortgaged in November alone, up 13% […]
Simply Home Finance Newsletter Spring 2017
Is it time to remortgage whilst rates are still low? With the monthly mortgage payment representing a major chunk of the average family budget, it can make sense to shop around from time to time to see if there’s a better, more cost-efficient mortgage deal available to you. According to the Council of Mortgage Lenders1, […]
Simply Money Newsletter Spring 2017
Savers looking to mix LISAS with pensions Savvy savers are planning to save both in their pension plan and in the Lifetime Individual Savings Account (LISA), following its launch this April. The new LISA has been designed as a savings vehicle for those aged 18 to 40 who want to save up to £4,000 a […]
Simply Money Newsletter – Winter 2016/17
TEN WAYS TO CHANGE YOUR FINANCIAL HABITS IN 2017 For many, the start of a new year is a time of reflection and a renewed determination to do things differently in the months that lie ahead. Whilst overhauling your finances could seem less exciting than taking up a new hobby or challenge, it could make […]