magazine archive

magazine archive

Money Matters

The case for making the big pension switch

Thursday 22 Jul 2021

Pensions are a bit like puppies; they’re for life, not just for Christmas. Since pensions auto-enrolment was introduced in 2012, almost everyone will hold a pension of some description for most of their life. But pensions themselves come in different shapes and sizes, and many that were set up back...

Is a pensions tax raid coming soon and how might you be affected?

Thursday 01 Jul 2021

You will have been hard pressed to flick through the financial pages of a national newspaper in the past couple of weeks without reading rumours that the Treasury is considering a tax raid on pensions to help pay for the costs of the COVID crisis. This is by no means the first time such speculation...

Can property ever replace a pension?

Thursday 24 Jun 2021

The Bank of England’s outgoing chief economist, Andy Haldane, got into a bit of bother in 2016 by claiming he preferred investing in property to pensions. As many were quick to point out, it’s easy to be blasé about pensions if you’re a member of a gold-plated final salary scheme. But clearly the...

The great ISA mysteries

Thursday 17 Jun 2021

The amount of money held in ISAs reached a record £620 billion in 2020, according to freshly published figures from HMRC, demonstrating how successful these tax shelters have been in the two decades since they took over from PEPs and TESSAs. The number of people contributing to a Lifetime ISA also...

Everything you need to know about pensions tax relief

Thursday 10 Jun 2021

Successive governments have encouraged saving for later life by offering the financial incentive of not paying income tax on money paid into a pension plan. Pension tax relief boosts pension savings and the final amount available to retire on, thereby increasing the chance of a decent income to...

Inherited money? Here’s how to avoid paying tax

Thursday 27 May 2021

Inheritances are growing as a share of national income, according to a report by the Institute for Fiscal Studies. For those born in the 1960s, their inheritance is estimated to make up 9% of their lifetime income, but that is projected to rise to 16% for those born in the 1980s. Much of this...

Protecting your pension income from inflation

Thursday 20 May 2021

Markets are getting increasingly worried about inflation, with the US recently registering consumer price rises of 4.2% in a year. Here in the UK, CPI still stands at just under 1%, but inflation expectations are mounting, thanks to the strong economic rebound expected in 2020. Indeed looking at...

Five things UK investors can learn from Warren Buffett

Thursday 06 May 2021

‘Woodstock for capitalists’, aka the Berkshire Hathaway annual shareholder meeting, took place on 1 May, and tens of thousands of investors across the globe tuned into the livestream to hear some pearls of wisdom from Berkshire’s chairman and chief executive, Warren Buffett. He is well known for a...

The times when it pays to take financial advice

Thursday 29 Apr 2021

It’s never been easier to be a DIY investor with all the tools and information now available online. The internet has democratised information, and many people have consequently become their own financial advisers. This saves on charges, with advice usually costing upwards of £500, depending on the...

FTSE 250 hits new record high: why mid caps are winners

Thursday 15 Apr 2021

The FTSE 250 index of medium-sized UK-listed companies hit a record high in early April, after a strong bounce back from the pandemic crash, a recovery which started as far back as March of last year. The strong performance has been credited to a resurgence in the UK economy thanks to a successful...