magazine archive

magazine archive

Money Matters

Is the Government about to remove the lucrative Airbnb tax break?

Thursday 07 Nov 2019

The Government could crack down on a lucrative tax break exploited by those using Airbnb and other home-sharing websites, as the cost of the giveaway has soared in recent years. There has been a surge in the number of people using the rent-a-room relief, which allows you to earn money tax free by...

Are you exposed to the Dividend Dangerzone?

Thursday 31 Oct 2019

Lots of UK companies are offering very meaty dividends, but some investors are nervous about future cuts to payouts. In total, 26 companies in the FTSE 100 are forecast to pay a dividend at a yield of 6% or more in 2019, but dividend cover, so the amount that earnings covers the dividend payouts,...

How to get financially fit for winter

Thursday 17 Oct 2019

The nights are drawing in, the winter coats are coming out of storage, and central heating is being turned on across the nation. This means it’s a good time to make sure you and your home are ready for winter. From getting the right insurance to claiming all the money you’re entitled to, here are...

How to turn your dream of early retirement into reality

Thursday 10 Oct 2019

The FIRE movement sounds nothing like a retirement planning strategy, but it’s a movement where people are saving their cash and retiring young. Financial Independence, Retire Early (or FIRE) in a nutshell involves maximising your income and reducing your spending while you’re in work in order to...

How much are you taking from your pension?

Thursday 03 Oct 2019

Half of people who are taking money from their pensions are doing so without taking any advice, new figures show. Data from the Financial Conduct Authority, a regulator, showed how people in retirement are making use of the pension freedoms – the reforms in 2015 that allow people to access their...

The demise of the bank branch

Thursday 03 Oct 2019

You’d be very lucky if you live in an area where no banks have closed branches in the past few years – new figures show that a third of banks have shut over the past five years. The calculations, from consumer champion Which?, found that more than 3,000 bank branches have closed down since the...

Self-employed pension saving: is it worth it?

Thursday 26 Sep 2019

The UK is in recovery mode from a looming retirement crisis. Automatic enrolment has been introduced for those in employment, nudging millions to save for their future for the first time. But if you’re one of the near-5m self-employed people living and working in the UK, you’ll need to take...

The financial impact of term-time holidays

Thursday 19 Sep 2019

Many parents will just have come back from their annual summer trip and will still be wincing at the cost of going away in the school holidays. You’re now fined for taking your children out of school in term time, but could it still pay to take a holiday once everyone else has gone back? Soaring...

Bank of Mum and Dad on the rise: how to navigate gifting

Thursday 05 Sep 2019

Parents are increasingly helping their children get on to the property ladder – so much so that if they were counted alongside mortgage lenders they’d be a top 10 lender. Research from finance firm L&G found that parents have gifted £6.3bn to their children to help them buy their first home...

Your ‘lower risk’ options assessed

Thursday 22 Aug 2019

As part of my day job I’m often asked to help readers of national newspapers come up with ideas for how to invest their hard-earned cash. One such question landed on my desk from Times reader Julie recently. In brief, Julie had spent the past 26 years working and living in Hong Kong and Singapore,...