On 5 April, the deadline closes to voluntarily pay for missing National Insurance contributions as far back as 2006. Whether or not you have set up a private pension, you should make the most of your state pension to maximise your pay outs in retirement. Here we explain why you should check for missing NI contributions and what you should do if you find gaps...
A Lifetime ISA known as a LISA can help you save up to buy your first home or towards a comfortable retirement. The massive advantage is a 25% Government bonus paid on top of your savings. Here we break down how you can reach your saving goals with a Lifetime ISA. Reach Your Saving Goals With a Lifetime ISA A Lifetime ISA is just one...
You may be liable to pay tax on savings interest. Since it is a source of income, you may need to pay tax on the interest you earn from your savings. However, there are a number of tax-free allowances you can take advantage of. Tax on Savings Interest Most workers in the UK can earn a certain amount of interest from their savings without paying...
There is never a good time for a financial emergency. However it pays to be prepared to ease the burden when the unexpected occurs. A leaky boiler can cause unwelcome flood damage, or a vehicle breakdown may need costly repairs. We can’t always be prepared for the physical or emotional challenges life brings, but we can take measures to be prepared to handle the bills....
Inflation has finally fallen to 4.6 per cent which is better than expected according to the Office for National Statistics (ONS). This is the lowest rate of inflation we have seen for two years. Inflation has Finally Fallen This means that the Prime Minister has hit his target of halving inflation, which he pledged in January. Mr Sunak said: “While it is welcome news that...
A fixed rate mortgage is a loan that you use to pay off the capital borrowed to pay for your home, on which you pay a fixed rate of interest to the lender, over a set amount of time. The benefit of this type of mortgage is the predictability and ease of cash flow planning. The disadvantage is you are locked into your interest rate,...
Property is a reliable way to invest, as long as your finances are expertly managed. To be successful, you need to hire the right buy to let accountant who is experienced with property investment with up-to-date knowledge of the property finance market. How to Hire the Right Buy to Let Accountant Hiring the right buy to let accountant is essential for anyone with rental properties,...
A gifted deposit is when someone, usually a family member, gives some or all of the money necessary for a home buyer to pay for their deposit. In order to do this, the person giving the gift must provide a gifted deposit letter for the mortgage lender. Here we examine how to write a gifted deposit letter. What is a gifted deposit letter? The cost...
Buying a new home is exciting. Home ownership represents bold new beginnings, longevity, stability and hopefully a good value investment. However the whole process needs due care and attention from start to completion. Even a small error could delay your mortgage application, or even cause it to be refused. Fortunately here we outline how to prepare for your perfect mortgage. How to Prepare for Your...
It is estimated that roughly £50bn is sitting untouched in various accounts, belonging to around 20 million people who have failed to claim their assets. But how do these assets become lost and how do you trace lost assets in your name? Why do Assets Become Lost? It’s easy to lose track of assets in a number of ways. Typically moving house and forgetting to...
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