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...
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,...
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...
The newly appointed chancellor Jeremy Hunt, who replaces Kwasi Kwateng, has announced a number of changes to the mini-budget. Latest Mini-Budget Reforms On 17 October Mr Hunt announced a package of changes to the mini-budget, which was first announced by Mr Kwateng on 23 September. A fiscal statement is planned for 31 October. However this announcement was added ahead of schedule in an effort to...
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...
This month students will be returning or taking up places at their new university. In either case, managing student finances can be tough. Here are our top tips for managing student finances. Student Finance Tips Whilst investing in the future is certainly exciting, it is also a lot to think about and plan for. Between tuition fees, accommodation, study materials, meals and travel, university expenses...
The government has pledged to assist households with the cost of living crisis. Those eligible are due to receive a payment of £650 paid in 2 lump sums of £326 and £324. The initial payment was due in accounts by 31st July, despite some delays, with the next instalment due this Autumn. Second Cost of Living Grant Roll Out You may be eligible for a...
A good credit score is vital when you apply for any financial product. This may be a credit card, loans, a mortgage or interest free credit, even a mobile phone contract. There are a number of factors that determine your credit score. So how do you improve your credit score? What is a Credit Score? Banks and other lenders check your credit score to help...
February 2022 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Corporation Tax Due – 1 March For accounting periods ended 31 May 2021 (where not payable by instalments) VAT Returns and Payments Due – 7 March For month or quarter ended 31 January 2022. Corporation Tax...
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