Oct 30, 2020 | Newsletter
According to their findings, two-fifths (41%) of equity released in the first half of 2020 was used to pay off debts. Over 40% of the total amount of new equity released (which equates to around £588million) was used to clear some form of borrowing with mortgages...
Oct 27, 2020 | Newsletter
The British government has announced plans to raise the age at which pension pots can be accessed from 55 to 57. The change would mean that millions of Britons in in their 40s will have to wait until 2028 at the earliest until they can access their private pension....
Oct 24, 2020 | Newsletter
Tesla shares have led a rebound in tech stocks, just one day after stock in the electric car maker suffered its biggest ever drop, wiping $16.3 billion from the net worth of CEO Elon Musk. Shares of Tesla jumped 11% for the day on Wednesday, after shedding about a...
Oct 21, 2020 | Newsletter
Crises come and go but no matter what, house prices always rise, right? That’s just what they do in this country. According to data from Nationwide, house prices in the UK rose by 21% on average during the 1990s and 33% during the 2010s. This is why property, like...
Oct 18, 2020 | Newsletter
Tax hikes of up to £20 billion are reportedly being considered by the Treasury to deal with the cost of the coronavirus crisis. But the plans, potentially a “quintuple whammy” of tax rises, are being opposed by Number 10. Treasury officials are hoping the...
Oct 15, 2020 | Newsletter
Around 6.3 million children born between 1 September 2002 and 2 January 2011 can now begin to be able to access billions of pounds paid into Child Trust Funds when they turn 18. These tax-free savings accounts were set up for all children born throughout most of the...
Oct 12, 2020 | Newsletter
Chancellor Rishi Sunak has told Conservative MPs that he plans to hike taxes, although was quick to reassure that there will not be a “horror show with no end in sight”. It comes as the Government begins to make moves towards overcoming the devastating...
Sep 29, 2020 | Newsletter
The Supreme Court has ruled that there should be no charge to inheritance tax on a transfer to an individual’s personal pension plan. The case was brought to the Supreme Court when Mrs Rachel Staveley who, before she died in 2006, transferred her pension fund from a...
Sep 26, 2020 | Newsletter
Lenders are introducing new rules that mean first-time home buyers cannot rely on the “Bank of Mum and Dad” stumping up most of the cash for their deposit. The controversial new policy states that borrowers looking to get a mortgage that will cover 90% of the cost of...
Sep 23, 2020 | Newsletter
Government restrictions on tenant evictions by landlords are to be lifted on 23rd August but experts say there is unlikely to be an immediate spike on evictions following new eviction protocols and a backlog of cases. The government introduced its moratorium on tenant...
