Resources for Financial Wellbeing
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Did you use the Help-to-Buy scheme? Inflation could affect your repayments
Help-to-Buy equity loans are affected by inflation. Homeowners that used the scheme could find their interest payments rise at the same time as mortgage repayments may increase placing pressure on household budgets.
How much life insurance will provide your family with security?
Life insurance could provide your family with financial security if the worst should happen. Understanding the level of cover that’s right for you may provide peace of mind. Discover three useful ways to calculate a guideline here.
How to help your family manage your affairs when you pass away
Planning for your death can be emotionally difficult, but it could be a huge help to your loved ones.
Research suggests administering an estate after a loved one has passed away can affect mental health and finances. Read on to learn more about some of the steps you could take to help your family manage your affairs.
More people than ever celebrate their 100th birthday. Here’s why it affects financial plans
A record number of people are celebrating their 100th birthday. In fact, over a century, the number of centenarians increased 127-fold. Rising longevity means thinking about the long term, as making financial decisions could become even more important.
2 key reasons why you may want to update your plan during a financial review
Regular financial reviews may help keep you on track to meet your goals and give you confidence in the steps you’re taking. As well as reviewing your assets, you might also want to make changes to your plan.
Investment market update: July 2023
While inflation is easing in many countries, data still suggests households and businesses are facing challenges. For investors, it could mean portfolios experience volatility over the coming months. Read some of the factors that affected the markets in July 2023 here.
Here’s what mortgage lenders consider when carrying out affordability tests
Applying for a mortgage can be stressful, and you may worry a lender will reject your application. Understanding what they consider during affordability tests could put your mind at ease and highlight potential issues you may be able to fix.
Why emotional decision-making could be costing you investment returns
Letting your emotions influence your investment decisions could be having a larger effect than you think. A survey suggests paying too much attention to the news and taking too little risk due to fear are two of the biggest mistakes investors could be making.
A decade after introducing auto-enrolment, the government confirms plans to extend it
The government has set out plans to expand pension auto-enrolment. It means more workers, including those that work part-time, could start saving for their retirement for the first time.
A grocery shop would cost just 45p in 1940s when the first supermarket opened its doors
75 years ago, the UK’s first supermarket opened its doors in London. Back in the 1940s, a grocery shop would set you back just 45p. Discover how inflation has affected the value of your money here.
Investing 101: What you need to know about tax efficiency and your investment options
This month, read about two key decisions you’ll need to make when investing – whether you should invest in shares or through a fund, and how to make your investments tax-efficient.
Investment market update: April 2023
High inflation continues to affect economies around the world. However, there are positive signs of recovery, and some surveys indicate that people are starting to feel more confident about the future.
Revealed: A long-term investment strategy could be key to beating inflation
Over the last year, you may have been affected by soaring inflation, rising interest rates, and volatile market conditions. The good news is that research shows a long-term investment strategy could help you grow your wealth despite a challenging environment.
5 essential money lessons that could improve your child’s financial independence
Between 12 and 16 June, Young Enterprise runs a national campaign across primary and secondary schools with the aim to give children the skills and knowledge necessary to understand finances to thrive in later life.
4 red flags that could be signs of a scam and what you need to know about them
Each year in June, Citizens Advice runs a two-week scam awareness campaign, aptly named “Scam Awareness Fortnight”. The organisation hopes its movement will raise your awareness of common scam tactics, and mean you’re confident that you know what to do if you spot one.
4 essential Budget announcements that could boost your pension
In a bid to encourage early retirees back to work, chancellor Jeremy Hunt unveiled several changes to pension allowances during the Budget. The announcements could mean you’re able to save more in your pension and boost your retirement income.
Estate planning: 3 crucial steps that could protect your later years
Estate planning is an important part of your financial plan. Not only does it ensure your assets are passed on to who you wish and considers areas like Inheritance Tax (IHT), but it could provide you with peace of mind about your future too.
What the budget means for pensions
It’s great news for individuals who want to save for their retirement. There has been a limit to the amount of pension savings you can make and still keep the tax benefits. This is called the Lifetime Allowance (LTA). The chancellor has announced the LTA will be scrapped. There were rumours before the budget that the allowance would be raised, potentially to £1.8m but it was a surprise that they were completely scrapped.