Savers will get a big boost in savings protection from today.

The net limit for how much of your money will be protected if a bank, building society or credit union were to collapse has increased today from £75,000 to £85,000. It was only reduced to £75,000 in January last year. £10,000 boost for Financial Services Compensation Scheme limit. The amount the Financial Services Compensation Scheme [...]

2018-02-21T15:51:52+00:00January 30th, 2017|News|

Time is short – lock-in your pension tax breaks before 6 April 2017

The end of the tax year is coming up fast. Now is a great time to make sure you are making the most of investing in your pension plan. Many people use this time to make sure that they “lock-in” the current financial year’s tax breaks before the door closes. Your plan’s flexibility and freedom. [...]

2018-02-21T15:51:54+00:00January 25th, 2017|News|

Equity Release reaches £2 billion. Would it help me?

The sum paid out by equity release plans topped £2 billion for the first time last year, the Equity Release Council said. Equity release allows you to release a tax-free lump sum from the equity locked in your home. You can do this without having to move. The £2.15 billion lent was a third higher than [...]

2018-02-21T15:51:55+00:00January 16th, 2017|News|

Automatic Enrolment threshold review 2017/18

The annual review of the Automatic Enrolment also known as Work Place pensions, earnings thresholds has now been completed.  The government intends to lay an Order before Parliament in the New Year which will include the following, for 2017/18: £45,000 for the upper limit of the qualifying earnings band; £5,876 for the lower limit of the [...]

2018-02-21T15:51:56+00:00January 9th, 2017|News|

Equity release.House prices rise twice as fast as incomes.

Average residential property has increased by 148% in value, compared to a 66%  increase in pensioners’ incomes. House prices are now almost ten times the size of the average pensioner’s yearly income. Housing wealth also grows faster than other sources of pensioner income over a 20 year period   House prices in England have grown [...]

2019-05-17T11:53:38+01:00January 3rd, 2017|News|