THE State pension was introduced a century ago when a quarter of working people died before they reached retirement and those who did drew it for an average of just five years. Today we’re all living much longer, so it’s not surprising that the State pension age is set to rocket. What’s changing? The State [...]
More »Category : Savings advice
What kids should know about money
Joss Harwood
30/01/2012
Our kids are accomplished consumers, bombarded by advertising, and it’s easy to learn how to spend money. Sadly there isn’t a culture of financial education in schools, which leads to an ignorance of financial planning that is anything but bliss for many young adults as reality kicks in. Action at home is required. First, rewind [...]
More »Budgeting at Christmas
Danny Cox
19/12/2011
“But it is Christmas” seems to be the antidote to every reasonable spending or savings habit. We are cooking for four people at Christmas, yet our turkey will serve 10, the ham a further 12 and we have more pigs and blankets than baking trays to put them on. Why do we need a whole [...]
More »The benefits of offset mortgages – can they work for you?
Minesh Patel
12/12/2011
Savings rates are at an all-time low combined with inflation, Retail Price Index is around 5%. A 1 year fixed rate bonds pay around 3% before tax, 2 year fixed rate bonds pay around 4% gross and the best 5 year fixed rate bond at the time of writing paid 4.65% gross. Interest is then [...]
More »Who funds long term healthcare?
Jon Hill
07/11/2011
Long term care can be delivered in one or more of the following ways: Nursing care in hospital Nursing care in a care home Domiciliary care in your own home Residential care in a non—nursing home For many a common question when facing care is – who pays? At the simplest level the answer is [...]
More »The launch of Junior ISAs
Danny Cox
31/10/2011
Tuesday 1st November heralds the launch of Junior ISAs, the latest, and potentially greatest, tax efficient saving and investing scheme for children. The Junior ISA is the long-term replacement for the Child Trust Fund and, as the name suggests, Junior ISAs will work in a similar way to ‘adult’ ISAs. There will be two versions, [...]
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