Tax-free investing It's time to talk

Posted by Rebecca Harbrow on Wednesday 17th February 2021

With the first wave of Child Trust Funds maturing this year, there’s a great opportunity to talk to your children about the benefits of saving and investing.

If one of your children has recently celebrated their 18th birthday then there’s a good chance they’ll have some money in a Child Trust Fund (CTF), which they can now access for the first time. It could be worth thousands of pounds depending on how much you’ve contributed over the years.

Although this might sound like a brilliant present, the responsibility that comes with r...


Could you live on the State Pension?

Posted by Rebecca Harbrow on Wednesday 10th February 2021

Let’s be honest, on the morning of 21 October few of us were waiting with bated breath as the latest UK inflation stats were revealed. But, for millions of people, that moment was significant.

That’s because the September (Consumer Price Index) CPI inflation figure forms part of the government’s ‘triple lock’ formula used to determine the forthcoming rise in the level of State Pensions.

Triple lock
The triple-lock safeguard was introduced by the Conservative-Liberal Democrat coalition in 2010 and aims to ensure that the value of the S...


The Bank of...Granny and Grandad?

Posted by Rebecca Harbrow on Friday 8th January 2021

The Bank of...Granny and Grandad?

For many younger people struggling to get a foot on the property ladder, the Bank of Mum and Dad is the only option. With rent taking a huge chunk out of their income and the requirement for increasingly onerous deposits, two in five renters do not believe they will ever be in a position to buy a property, despite a desire to own a place of their own. That’s where Bank of Mum and Dad come in, as well as ever more frequently, the Bank of Granny and Grandad.

Among the UK’s largest lenders
If the Bank of...


Mortgage Payment Update November 2020

Posted by Rebecca Harbrow on Monday 14th December 2020

Mortgage Payment Update November 2020

On 17 November the FCA confirmed guidance for homeowners struggling financially due to coronavirus. The mortgage payment holidays scheme, first announced in March and then extended in May, has been further extended until 31 March 2021.

How does it work?

  • Those who have not yet had a payment holiday will be eligible for payment holidays of 6 months in total.
  • Those who currently have a payment holiday will be eligible to top up to 6 months in total. 
  • Those who have previously had payment deferr...

It’s time to think about life insurance

Posted by Rebecca Harbrow on Thursday 12th November 2020

It’s time to think about life insurance

If you have dependents – people who rely on you financially – then you should have life insurance. In fact, if you have dependents and don’t have life insurance, you are exposing them to grave financial risk. And who would want to do that?

Life insurance tends not to feature on ‘to do’ lists because it makes us confront uncomfortable questions, such as what would happen to our loved ones if we were to die unexpectedly in the next few years.

However, we all carry a deep responsibility to ensure...


Protecting your business in difficult times

Posted by Rebecca Harbrow on Wednesday 4th November 2020

Protecting your business in difficult times

During the past few months, millions of businesses have been forced to shut temporarily, with employees furloughed or working from home under very difficult circumstances.

With various business sectors reopening in July, many have suffered significant financial damage due to lockdown. For some businesses, productivity has been lost due to illness and self-isolation, while others have lost key personnel or shareholders, leaving a question mark hanging over their future.

Don’t leave your bus...


Update on mortgage payment holidays

Posted by Rebecca Harbrow on Friday 23rd October 2020

Update on mortgage payment holidays

On 17 March 2020, as the country teetered on the brink of lockdown, the Chancellor announced that homeowners struggling financially due to coronavirus would be able to take a three-month mortgage payment holiday.

What does this mean for me?
The extended application deadline now coincides with the end of the furlough scheme. This means, if your workplace makes you redundant as the furlough deadline approaches, you will still be able to apply for a mortgage holiday, giving you some breathing room whil...


The world is changing – so should your insurance

Posted by Rebecca Harbrow on Wednesday 7th October 2020

The world is changing – so should your insurance

The world is changing rapidly in a way that nobody could ever have expected, meaning your personal and financial circumstances are likely to have changed. It is important to regularly review all aspects of your finances and that includes reviewing your protection insurance, to make sure your policy provides adequate cover for your changing needs.

Underinsured
If you don’t regularly review and update your policy, any pay-out you do receive from your claim may not be enough to cover you a...


COVID-19 affects retirement plans for over three million

Posted by Rebecca Harbrow on Thursday 24th September 2020

COVID-19 affects retirement plans for over three million

Recent research shows 1 in 10 UK adults with a pension (and not yet retired) have reduced or stopped pension contributions because of Covid-19.

  • 1 in 10 UK adults have reduced or stopped pension contributions
  • 1 in 4 workers are worried about paying for every day essentials
  • 1 in 5 workers are worried about keeping up with mortgage or rent payments

The economic fallout resulted in a drop in income for many people meaning them having to decide between their short-term financ...


Protecting You and Your Family

Posted by Rebecca Harbrow on Friday 14th August 2020

Protecting You and Your Family

Losing your partner at any stage in life can be devastating, but it may be particularly devastating when children are involved because of the financial pressures of raising a family. Ensuring your children and other dependants are provided for in case you die should be a top priority but less than a third of people in the UK have life insurance.

Keep it simple
Many products are available but a simple level-term policy, where a pre-decided lump sum is paid out should you die within a stated period, is among th...