The Royal Mint is making some of its gold bars available to hold in self-invested personal pensions (SIPPs). The announcement has certainly attracted attention – but what does this move actually mean? Gold mine. Gold medal. Gold standard. Goldfinger, Goldeneye, The Man with the Golden Gun. Gold plated, good as gold, worth its weight in
Annuities have made a comeback. Having gone from being compulsory to being as fashionable as chintz, they’ve seen a surge in popularity since last year. But why? Some are suggesting it boils down to one word: certainty. Think about the past 30 years. In 1987 we had the Black Monday stock market crash. Then came
In or out? Leave or Remain? It’s the question that’s got the entire nation – if not the entire continent – hot under the knotted handkerchief. We’ve heard arguments on both sides – but what does this climate of uncertainty really mean for your personal finances? Of all the arguments made for and against the
Ever worked out the cash cost of simple laziness? You could be frittering away a sizeable chunk of your income every year just by not taking a few simple steps. Here are some of the best reasons why you should wake up and smell the money. Off the top of your head, how much interest does your savings
Retirement age? What’s that? These days it’s not about a date but a timescale: you might gradually retire over five, ten or even fifteen years. We are now firmly in the era of phased retirement – and it’s largely thanks to pension freedom. Not only could it make your later years more stimulating, but it could also be a
Buy-to-let has been widely touted as a way for new retirees to make their income. Having full access to your pension make the prospect more realistic – on paper, anyway. But there are numerous factors you should consider first before entering the rental market. We in the UK seem to have an undying faith in the
With interest rates so low right now, your savings may be starting to look distinctly flat. But you can still beat inflation with some money-inflating tricks of your own. If you find that whenever you check your savings you get a sinking feeling, then the chances are you’ve got a savings leak. Low interest can
You’ve saved up plenty in your pension – good. You’ve put the phone down on the pension scammer – very good. But then you get careless, and end up making a very costly pension blunder. Here’s how to avoid it. Consider this. You’ve got a large sum of money, in a place when it earns
We can’t predict what will happen after we die – but we can prepare for it. Unforeseen circumstances can lead to families being effectively disinherited, or at least having to wait much longer than expected for their inheritance. You can remove this area of uncertainty quite simply, by setting up a trust. Even though most
The cost of retirement advice is generally around 1 to 2 per cent of a pension pot. The cost of a pension scam may be 100 per cent or even more. The latest research into the dangers of pension fraud should encourage everyone to sit down and do the maths. A recent study by Citizens Advice
From the age of 55 you now have full control of your pension. But has anyone told you how to drive it? Taking wrong turnings now could limit your options later on – so make sure you arrive safely in your chosen retirement by taking our quick pension driving course. Pensions are sometimes called ‘investment vehicles’.
New research suggests that homeowners are saving less into pensions than people who rent their properties. Some are clearly banking on their house as a source of money in later life – but when it comes to retirement, is property or a pension your best friend? Here’s a new one: if you own your own home, you
The government has pledged to tackle the issue of ‘mortgage prisoners’ – people who are trapped in an expensive mortgage because of regulations that stop them getting a cheaper one. If you’re in this ridiculous position, help may be on the way.