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According to the Times, an estimated 1.6 million pension pots with a combined value of £19.4 billion are lying dormant in Britain because they’ve been “lost”. Furthermore, the number could triple by 2035. One reason for this is that when people move jobs, they typically don’t take their workplace pension with them. Even when it’s … Continued
We are delighted to announce that John Wilkinson, managing director at Simple Financial Advice, has been named as a 2022 VouchedFor Top Rated adviser. VouchedFor identifies the UK’s best financial advisers based on client feedback, and is the UK’s leading review site for financial planners thanks to its easy to use online system. Typically, reviews … Continued
As the cost of living continues to rise, it’s hardly surprising that the tax changes announced by the chancellor and prime minister in 2021 have come under close scrutiny. The changes came into effect on 6 April 2022 and aim to boost the UK’s coffers after record levels of borrowing during the early stages of … Continued
According to the BBC, a leading UK think tank has warned that a typical household’s income could drop by about £1,000 this year once inflation is taken into account. It is the biggest real-time fall in income in nearly 50 years. This is echoed by the Office for National Statistics (ONS), which revealed that inflation … Continued
While it may already seem like a long time ago now, in the beginning of 2021 the UK was in lockdown as it dealt with Covid. At the time, the government was borrowing record amounts of money to prop up Britain’s economy, which, according to the Guardian, resulted in the UK’s total debt totalling £1.125 … Continued
Pension provider Aviva has revealed an interesting statistic about retirement plans. It found that just 40% of Britons believe they understand enough about pensions. Furthermore, while 70% of those asked could confidently estimate the value of their savings, only 39% knew how much their pension pot was worth. Pensions can be complex and carry tax … Continued
As the world continues to deal with the Covid pandemic, and now the Russian invasion of Ukraine, it seems higher inflation could be around for longer than initially feared. As energy and fuel prices continue to spiral and the cost of other household goods increase, the Guardian reports that experts now predict inflation will reach … Continued
How often do you do something off the cuff? In today’s world of online planners and heavy work schedules full of back-to-back meetings, you may have to think hard to remember the last time you were truly spontaneous. While it may sound counterintuitive, making time to be spontaneous could help you become happier, more creative … Continued
According to the Office for National Statistics, men approaching the age of 65 are likely to live for a further 20 years. If you’re a female aged 65, you’re likely to live for 22 more years. Great news, you might be thinking – two decades of holidays and good times with the family. While you … Continued
When the 2022/23 tax year starts, freezes on certain allowances that were introduced by the chancellor in 2021 come into effect. One such freeze is the nil-rate band (NRB), which is the amount you can have in your estate on death before Inheritance Tax (IHT) is due. When the freeze was announced in March 2021, … Continued
