News

“A new approach to public health” Last week, as the COVID-19 global death toll passed 800,000, Health Secretary Matt Hancock launched a new body tasked with a “single and relentless mission” of protecting people from external health threats including pandemics and infectious diseases. Mr Hancock said the National Institute for Health Protection will combine Public […]

Early tax year ISA investors could be thousands of pounds better off, according to research1 looking at the investing habits of hypothetical ISA investors over the last 10 and 20 years.  The study concludes that if you were an ‘Early Shirley’ and invested your full ISA allowance on 6 April for the past 20 tax […]

Research1 has revealed that one in five over-55s with a private pension withdrew a lump sum during 2019, although the study does suggest that, for many, this was probably not a financially sensible course of action. ‘Stash the cash’ The most popular reason for accessing pension wealth was to put the money into a savings […]

“There are going to be bumpy months ahead” In the week when global coronavirus cases passed the 20 million mark, on home shores, the latest official labour market statistics released on Tuesday revealed the largest drop in employment for over 10 years. In response to the data, the Prime Minister cautioned, “Clearly there are going […]

“We have to look forwards” Last week, the Bank of England (BoE) released the minutes of the latest Monetary Policy Committee (MPC) meeting which concluded on 4 August, during which members unanimously voted to maintain the base rate at a historic low of 0.1%. The MPC feel the current rate and monetary policy remain suitable, […]

With the outbreak shocking nations around the world and impacting people’s finances, savers understandably want protection for any savings they may have. For UK savers, the Financial Services Compensation Scheme (FSCS) can provide a safeguard adding a valuable level of reassurance. If you have any money in an account with a UK authorised bank, building […]

Buying a home is a major step that is much easier to take if you are well-informed and well-advised, regardless of whether you are a first-time buyer or someone who has moved before. Mortgage debt accounts for over 80% of total UK household liabilities, so finding a suitable mortgage is an important financial decision. Most […]

It’s well worth being aware of the tax allowances and exemptions available in 2020–21 to be able to maximise them for your own individual financial planning. Here are a few figures worth knowing: Personal taxation The National Insurance threshold is now £9,500. The Personal Allowance remains at £12,500, while the £50,000 higher-rate threshold remains unchanged […]

“Our assessment is that we should now squeeze that brake pedal” At a Downing Street briefing on Friday, the Prime Minister announced that further easing of lockdown restrictions in England was to be postponed for at least two weeks. This was one of several policy changes announced during the week which collectively aim to suppress […]

Stamp Duty Holiday The recent Stamp Duty Holiday announcement in Rishi Sunak’s Summer Budget has come as a huge positive for all homebuyers, with many people now actively looking for a new property knowing they have a significant up-front saving given this great opportunity. To put this in context, the average stamp duty saving will […]