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Planning for a better financial future in retirement

Posted by on Jul 2, 2015 in Latest News | 0 comments

Planning for a better financial future in retirement

Recent HSBC research identified four broad actions which may help today’s retirement savers to create an informal plan and work towards a better financial future for themselves. 1. Be realistic about your retirement aspirations The research indicates that more than half of retirees (53%) have been unable to realise at least one of their hopes and aspirations since retiring. Retirement can offer many choices. Decide what kind of retirement you want and be honest with yourself about how much it will cost. 2. Review your long-term working plans...

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Getting your Financial Planning ready for University

Posted by on Jul 2, 2015 in Latest News | 0 comments

Getting your Financial Planning ready for University

The A-level results come out on Thursday, August 13th and thousands of teenagers up and down the country will be looking forward to starting university in September. Their parents, however, might be gloomily looking at their bank accounts and taking a rather different view. With fees of up to £9,000 and accommodation costs of say, £5,000 per year, a student starting at university this September could graduate with a debt approaching £50,000. Many parents understandably want to help their children avoid this. However, evidence from the USA –...

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Second 2015 Budget Announced for 8th July

Posted by on Jul 2, 2015 in Latest News | 0 comments

Second 2015 Budget Announced for 8th July

Chancellor George Osborne has surprised voters, political and business leaders alike by announcing that he will take the unusual step of delivering a second 2015 Budget on 8th July, just one hundred and twelve days after the Budget of 18th March. With an Autumn Statement also due later in the year, the second Budget will mean the Chancellor will deliver three important economic summaries and policy plans in the space of just nine months. Speaking to the BBC, Mr Osborne described this second Budget as a ‘stability Budget’, explaining that his...

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The Global Financial Crisis additionally, the Business banking Industry

Posted by on May 26, 2015 in Uncategorized | 0 comments

The Global Financial Crisis additionally, the Business banking Industry The global financial disaster that culminated while in the worst recession in years has experienced significant long term side effects that still reverberate throughout the society in a different kinds.essays for sale help By returning-seeing the situations on this phenomenon, 2008 stands out since the 12 month period if the financial crisis success specifically really hard and signaled the beginning of the tough economy. When examining the negative impacts within the...

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Are you in an Inheritance Tax Hotspot?

Posted by on Dec 22, 2014 in Uncategorized | Comments Off on Are you in an Inheritance Tax Hotspot?

Estates liable for Inheritance Tax in the UK in 2010-2011 faced a bill of nearly £166,000 on average, according to new analysis of HMRC data by Prudential. The study, based on the latest publicly available regional data on tax receipts, shows that in the 2010-2011 tax year, inheritance tax was paid on around 15,600 estates with a total bill of £2.6 billion. London and the South East of England have been identified as the UK’s inheritance tax hotspots by the Prudential analysis. The two regions accounted for as much inheritance tax revenue as...

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Britons prioritise bricks and mortar over white wedding

Posted by on Dec 22, 2014 in Uncategorized | Comments Off on Britons prioritise bricks and mortar over white wedding

Britons are turning their backs on the big white wedding in favour of getting onto the property ladder, according to research by HSBC. Over a quarter (28%) of those aged between 18 and 34 would spend a £20,000 gift from their parents on a deposit for a house. Three out of five young Brits (60%) with aspirations of home ownership admit that they cannot afford a deposit for a first home without financial help from their family. With the cost of a wedding now averaging £20,000 (source: Money Saving Expert), the findings reveal that only 1% of...

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Mortgage Protection in 2014: are you amongst the most protected?

Posted by on Dec 22, 2014 in Uncategorized | Comments Off on Mortgage Protection in 2014: are you amongst the most protected?

As a nation, are we doing enough to protect ourselves, our families and our assets? Scottish Widows is seeking to answer this question throughout the year, with a series of reports on Britain’s approach to protection. Their May 2014 report takes a look at mortgage holder’s protection, to see how many of us are properly protecting what is likely to be our biggest asset. The report shows that whilst mortgage holders are better than most at protecting themselves, there is still a lot of scope for improvement. The key findings include: Nearly a...

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Buy to Let hotspots in the UK

Posted by on Dec 22, 2014 in Uncategorized | Comments Off on Buy to Let hotspots in the UK

Whilst Southampton remains the Buy To Let (BTL) hotspot in the UK for investors, with yields of 8.73%, rental yields in Reading and Brighton at 12.8% and 12.6% higher than a year ago, are the fastest growing in the UK as young professionals move out of London. The highest yields available in London are found in Newham, Southwark and Brent, according to research by HSBC. Average yields in Reading now stand at 5.48%, up from 4.86% last year, while in Brighton average yields now stand at 6.17% up from 5.68%. The average Reading property is...

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Growing your wealth with ISAs: why individual savings accounts can be great for your finances

Posted by on Dec 11, 2014 in Uncategorized | Comments Off on Growing your wealth with ISAs: why individual savings accounts can be great for your finances

Growing your wealth with ISAs: why individual savings accounts can be great for your finances

It seems odd that in a general climate where there is so much controversy over foreign corporations paying no tax in the UK, pop stars using dubious tax avoidance schemes, and where there is a raging debate about whether “we are all in this together”, there sits in the middle of our tax system, the most wonderful and simple tax haven of all: the ISA. ISAs have morphed over time out of a combination of PEPs and TESSAs into their latest incarnation, the New ISA, or NISA. If you stretch back far enough in time, it is possible today that a...

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Homes worth £3 million or more to be hit hardest by proposed ‘Mansion Tax’

Posted by on Dec 11, 2014 in Uncategorized | Comments Off on Homes worth £3 million or more to be hit hardest by proposed ‘Mansion Tax’

Homes worth £3 million or more to be hit hardest by proposed ‘Mansion Tax’

Those owning properties worth more than £3million will be hit with tax bills starting from £10,000 under a Labour government, according to research by the Institute for Fiscal Studies (IFS). Under the party’s mansion tax plans, homes worth between £2m and £3m would attract around £3,000 in liabilities, but properties worth above £3m will take a far greater hit in order to make up the £1.2bn Labour intends to raise for its NHS policy. Shadow chancellor, Ed Balls, added that those earning below £42,000 but living in high-value homes would be...

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