magazine archive

magazine archive

Personal Finance

Parents: four things to consider before helping your child on the property ladder

Thursday 30 Jun 2022

Parents are now financially involved in half of all property purchases for those under the age of 35, according to the latest estimates from Legal and General. This shows the importance of the Bank of Mum and Dad to the housing market. Estate agent Savills estimates that as of last year just shy of...

Discover how recent capital returns from Aviva are being taxed

Thursday 23 Jun 2022

Investors are probably used to receiving dividends from companies, and the income tax that may be liable on those payments. But every now and then, companies choose to pay back some capital to investors, and that is taxed in a different way. Insurance firm Aviva ( AV. ) recently paid £3.75 billion...

50,000 buy a home with a Lifetime ISA and £1.1 billion tucked away for kids

Thursday 16 Jun 2022

It’s sad to admit, but there is a flutter of excitement that ripples through the personal finance industry when HMRC releases its ISA statistics every June. The figures reveal a host of interesting trends about what everyday savers are doing with their money, and the latest data dump was no...

The best ways to maximise your holiday spending money

Thursday 09 Jun 2022

Anyone setting off on holiday this summer will want to make their money go the furthest – and one easy way to do that is being savvy about how you spend money while abroad. The difference between using the wrong card and one with low fees, or getting your cash at the airport compared to a more...

Should I fix my savings now or bank on higher rates coming?

Wednesday 01 Jun 2022

Higher interest rates are on the way, or so the boffins in the investment markets expect. This is great news for savers, but it presents a conundrum for those looking at whether to lock in higher interest rates by fixing their savings. In this article we’ll help guide you through whether you should...

Cost of living crisis: how to create a budget and stick to it

Thursday 19 May 2022

Nine in 10 people have seen an increase in their cost of living in the past month, with a quarter of people saying it was hard to pay their essential bills, according to Bank of England research. Inflation has hit 7% and is now expected to reach double digits later this year. A lot of this is...

How different versions of the same fund get taxed

Thursday 05 May 2022

Many funds have two different versions and picking the right one can have a big impact on your investment returns but also on your tax situation. Here we’ll explain everything you need to know about how tax works on ‘Inc’ and ‘Acc’ units. WHAT’S THE DIFFERENCE BETWEEN INC AND ACC? Funds that...

Here are some reasons to be more cheerful about your money

Thursday 28 Apr 2022

Whether it’s been tax hikes, the cost of living crisis, or the war in Ukraine, doom and gloom hasn’t exactly been hard to find in April. The downbeat mood around household finances is palpable, and understandably so, with the price of essential items rising so rapidly. At tough times like these, we...

Don't struggle with a big university bill. Invest now for your child’s future

Thursday 21 Apr 2022

Many American families already embrace the concept of a college fund and start saving for their children from when they are born. With the cost of university increasing in the UK, lots of parents might be thinking of starting a similar fund for their children. Anyone with younger children could...

Student loans are set to get more expensive – should you pay them off as soon as possible?

Thursday 07 Apr 2022

Chancellor Rishi Sunak has announced a shake up of the student loan system, which will make it more expensive for people to go to university and mean graduates are paying off their loans for up to 40 years after they leave university. Graduates and potentially their parents may be left wondering if...