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Options for funding long-term care
- 2nd September 2020
- Posted by: shayne
- Category: Longterm Care
No CommentsBuilding your savings for later life care. Paying for long-term care is not cheap, and the burden first falls on private individuals. Ros Altman – the former pensions minister – described the nation as “sleepwalking into a social care crisis”, and already the costs borne privately are staggering. One newspaper last year reported that the
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Retirement saving for the self-employed
- 1st September 2020
- Posted by: shayne
- Category: Pension
How to save for a pension if you work for yourself. For ministers to say workplace pensions have been an “extraordinary success” is perfectly valid, but those excluded from the government’s flagship scheme may not share that sentiment. The official statistics corroborate those claims, showing that more than 10 million employees over the age of
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Wealth Knowledge August 2020
- 6th August 2020
- Posted by: shayne
- Category: Wealth Knowledge
Workers in hardest-hit sectors face retirement savings crisis Many workers in sectors that shut down during the COVID-19 lockdown could be facing a retirement savings crisis, according to a report. Scottish Widows polled 5,757 savers for its annual retirement report, which was undertaken in March 2020 – during the height of the pandemic. More than
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When investing, patience is a virtue
- 5th August 2020
- Posted by: shayne
- Category: Investment
Key considerations in times of market volatility. In an age of COVID-19, there will be compelling investment opportunities but it’s important to align this year’s investments with your long-term goals. After the initial shock of the sharp market falls in 2020 due to the coronavirus pandemic, some people have been quick to look for investment
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Cryptoassets and tax
- 4th August 2020
- Posted by: shayne
- Category: Cryptocurrency, Tax
HMRC’s evolving stance on taxing cryptocurrencies. Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream. In late 2017, the price of a single Bitcoin surged to about $20,000 before falling away dramatically. Yes,
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Wealth Knowledge – July 2020
- 3rd July 2020
- Posted by: shayne
- Category: Wealth Knowledge
Base rate cuts have significant effect on savings market Dwindling interest rates have seen average savings rates for ISAs drop to their lowest levels since records began in 2008, according to Moneyfacts. During the first six months of the year, the average easy access ISA rate collapsed to a low of 0.45%, from 0.85% in
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Protecting your cash from cyber threats
- 2nd July 2020
- Posted by: shayne
- Category: Risk Management
COVID-19 prompts spike in fraudulent behaviour. While the UK tries to deal with the economic impacts from COVID-19, reports are rife of fraudsters stepping up their attempts to access your money. Since the outbreak of COVID-19, around three in five scams are bank-related, followed by insurance (35%) and pensions (19%). Worryingly, one in five adults
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Tracking and consolidating your pensions
- 1st July 2020
- Posted by: shayne
- Category: Pension
Should you transfer or consolidate funds? Around £19.4 billion has not been claimed in 1.6 million lost or forgotten pension pots, according to the Association of British Insurers (ABI). On average, this equates to about £13,000 per pension pot. The ABI claims providers are attempting to reunite people with their lost pension plans by sending
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Wealth Knowledge – June 2020
- 3rd June 2020
- Posted by: shayne
- Category: Wealth Knowledge
COVID-19 forces Treasury to rethink the state pension triple-lock The Government is reportedly considering scrapping the pensions triple lock in an attempt to recoup billions of pounds spent on coronavirus support schemes. The triple-lock system is what determines the annual increase in the state pension by whichever is the highest of average wage growth, price
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Pensions for company directors
- 2nd June 2020
- Posted by: shayne
- Category: Pension
Pensions for company directors Saving for retirement through your limited company. Being the director of a limited company gives you independence. It gives you the freedom to choose how and when you work, and to determine the direction of your business as you build it over time. But it also means there’s no one to