The latest Financial Wellness Index has revealed that people with very little savings and those who are struggling to pay their bills are also those who are suffering from poor health. Conversely, those enjoying good health are more likely to experience a higher level of financial wellness. The findings raise the question of whether working [...]
Bill to the Bank of Mum and Dad could reach £6.5bn A recent report has suggested that the ‘Bank of Mum and Dad’ will be lending their children over £6.5 billion this year in order to help them onto the property ladder. The projected figure is around £1.5 billion higher than the £5 billion loaned [...]
Richard Harrington, who was made pensions secretary by Theresa May soon after she assumed office as Prime Minister in July last year, recently wrote an article for This Is Money divulging his spending tips for 2017. It’s a piece littered with what could be called ‘financial advice’, so what does the new minister recommend we [...]
There are no shortcuts or guarantees when it comes to achieving self-made millionaire status. That said, it can’t hurt to look at the financial habits of those who have managed to do just that to try and boost your own coffers. Here are our top tips from looking at those who’ve become millionaires by age [...]
The latest figures surrounding the pensions lifetime allowance (LTA), which governs how much your pensions can be worth whilst still claiming tax relief, suggest that a considerable number of middle-income earners are being hit by the lower threshold. The amount collected from pensions exceeding the LTA by HMRC during the 2015-16 tax year came to £126 [...]
A recent study has revealed that almost a third of the population are putting no money at all into savings. The report by the Social Mobility Commission found that 31% of people in Britain have nothing left to save at the end of every month, with 4% saving under £10. Around half save £100 or [...]
The housing market is set for a slow start in the new year due to a shortage of homes for sale, according to a survey by the Royal Institute of Chartered Surveyors (RICS). Although property transactions may increase at the beginning of 2017 after slowing since the spring, the survey suggests that any acceleration is [...]
Whilst New Year’s resolutions are always made with the best of intentions, the truth is that they often prove difficult to keep beyond the first few weeks in January. The main reason for this is that the goals we set ourselves are admirable but simply too lofty to achieve. It’s far better to choose a [...]
