Money Minder UK

Recent News

What's happening with inflation? #FridayReads

What's happening with inflation? #FridayReads

Friday, 22 October 2021 -

Understanding inflation is an important factor when it comes to your financial success. If you don’t factor inflation in when deciding where to put your money – whether that’s savings accounts or investing – you could find your wealth shrinks over the years.

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Building your own financial plan: Vision without action is merely a dream #WednesdayWisdom

Building your own financial plan: Vision without action is merely a dream #WednesdayWisdom

Wednesday, 20 October 2021 -

Having a financial plan in place early on can make it easier to manage your money further down the line. It’s never too early to make a financial plan. The sooner you work out your goals and start following a plan to achieve them, the more likely you are to succeed.

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How has COVID-19 affected the attitudes and aspirations of this year's retirees? #RetirementReady

How has COVID-19 affected the attitudes and aspirations of this year's retirees? #RetirementReady

Monday, 18 October 2021 -

The coronavirus (COVID-19) pandemic has impacted on every aspect of our lives, affecting individuals’ financial situation and for many, their plans for retirement. If you are approaching retirement in the next 12 months, your plans should be under continuous review.

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Why has COVID-19 led to an increased desire for sustainable investing? #InvestmentInsight

Why has COVID-19 led to an increased desire for sustainable investing? #InvestmentInsight

Thursday, 14 October 2021 -

The coronavirus (COVID-19) pandemic has prompted a desire to move into ethical and sustainable investing for more than half (51%) of advised UK adults, according to a new report[1]. And while the trend is common across the generations, it’s Millennials who are leading the charge.

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Top pension tips if you're about to retire #TipTuesday

Top pension tips if you're about to retire #TipTuesday

Tuesday, 12 October 2021 -

We spend our working lives building towards retirement. Choices we make today will have a big impact on the quality of our lives later on. If you only have a handful of years to go until you reach your retirement, it has never been more important to understand your options and put a plan in place – now could be a good time to re-evaluate your plans with us.

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Minimising the impact of Inheritance Tax on your estate #FridayReads

Minimising the impact of Inheritance Tax on your estate #FridayReads

Friday, 08 October 2021 -

The latest Inheritance Tax (IHT) statistics show an additional 4% was added to HM Revenue & Customs receipts compared to the previous year[1]. IHT is a tax payable when you die. Whether your beneficiaries have to pay it, and how much they’ll pay, is based on the value of your estate.

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How to trace multiple old pension pots #RetirementReady

How to trace multiple old pension pots #RetirementReady

Tuesday, 05 October 2021 -

Changed job? Moved house? It’s not always easy to keep track of a pension, especially if you’ve been in more than one scheme or have changed employers throughout your career. Over time, pension schemes close, merge or become renamed. So even if you remember the name of your scheme, it could now be called something else.

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In a recent survey, 27% of people did not know how pension tax relief works #RetirementReady

In a recent survey, 27% of people did not know how pension tax relief works #RetirementReady

Thursday, 30 September 2021 -

To encourage saving for retirement, the government pays tax relief on pension contributions. This means that your pension provider can claim tax back from HM Revenue & Customs (HMRC) and add that amount to each contribution you make.

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How to minimise a Capital Gains Tax bill #TipTuesday

How to minimise a Capital Gains Tax bill #TipTuesday

Tuesday, 28 September 2021 -

The rules around Capital Gains Tax (CGT) are complex and they differ depending on your financial situation. It’s a complicated tax and as a result some people may get confused about how much they should expect to pay.

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24% of the UK population feel financially worse off than before the pandemic #FridayReads

24% of the UK population feel financially worse off than before the pandemic #FridayReads

Friday, 24 September 2021 -

During the past year and a half we’ve experienced a stock market collapse, soaring unemployment, millions deferring their mortgage payments – and paradoxically, a booming housing market, plus bulging savings accounts.

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Investing isn't just a luxury reserved for adults #InvestmentInsight

Investing isn't just a luxury reserved for adults #InvestmentInsight

Wednesday, 22 September 2021 -

Saving for a child today is a wonderful gift for their future. Whether you want to help them buy their first car, contribute to their first home or even set them up for a comfortable retirement, there is little more fulfilling than providing financial security for your children or grandchildren.

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Looking to retire from work, not a pay check? #RetirementReady

Looking to retire from work, not a pay check? #RetirementReady

Monday, 20 September 2021 -

When it comes to retirement insecurity, one concern dominates all others, the fear of running out of money during retirement and with people living longer than ever before, it’s a very valid concern.

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Time to take a different view and organise your financial affairs? #FridayReads

Time to take a different view and organise your financial affairs? #FridayReads

Friday, 17 September 2021 -

Tax planning should enable you to arrange your affairs in ways that postpone or legally avoid taxes. No one likes to pay tax on their hard-earned money so by employing effective tax planning strategies, you could have more money to save and invest or more money to spend. Or both. Your choice.

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Are you claiming all of the generous tax relief your pension is entitled to? #RetirementReady

Are you claiming all of the generous tax relief your pension is entitled to? #RetirementReady

Tuesday, 14 September 2021 -

The unique combination of tax breaks and flexible access available to pensions make them a compelling choice when saving for retirement. One of the key benefits of saving into a pension rather than another type of savings or investment vehicle is the generous tax relief you’re entitled to receive.

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What are Pension Freedoms and how can they help you? #RetirementReady

What are Pension Freedoms and how can they help you? #RetirementReady

Thursday, 09 September 2021 -

Saving for your retirement is one of the longest and biggest financial commitments you will ever make. Imagine you’re retiring today. Have you thought about how you’re going to financially support yourself (and potentially your family too) with your current pension savings? The pension freedoms introduced in 2015 provide even more of an incentive to look again at your retirement savings.

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How can you achieve your financial goals? #TipTuesday

How can you achieve your financial goals? #TipTuesday

Tuesday, 07 September 2021 -

Whatever stage of life you’ve reached and whatever the status of your current financial situation, you could see a vast improvement in the future by setting financial goals. Most people are intrinsically motivated by goals and will work hard to achieve them.

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How to future-proof your finances as a parent #FridayReads

How to future-proof your finances as a parent #FridayReads

Friday, 03 September 2021 -

The coronavirus (COVID-19) pandemic has had a shattering effect on the country. Future-proofing your finances can help you feel more secure about what lies ahead – whether that’s preparing for big life milestones, such as starting a family, or navigating difficult periods, such as unemployment or poor health.

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How can financial advice help you with intergenerational planning? #WednesdayWisdom

How can financial advice help you with intergenerational planning? #WednesdayWisdom

Wednesday, 01 September 2021 -

Following the coronavirus (COVID-19) pandemic outbreak, UK adults admit they need financial advice for their current situation[1]. A report, which looked at intergenerational planning and wealth transfer between advised families amid the financial volatility and insecurity of the pandemic, found that more than half (53%) of UK adults surveyed say they have prompted to seek advice from a financial adviser.

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Do you need to take action to avoid risking additional tax charges in retirement? #RetirementReady

Do you need to take action to avoid risking additional tax charges in retirement? #RetirementReady

Monday, 30 August 2021 -

When it comes to your pension, you might assume that the more that you can save into it, the better. But that’s not always the case. Once your pension savings reach a certain level, you may need to take action to avoid risking additional tax charges in retirement.

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How are consumer ethics and behaviours evolving? #InvestmentInsight

How are consumer ethics and behaviours evolving? #InvestmentInsight

Thursday, 26 August 2021 -

The coronavirus (COVID-19) pandemic has prompted a desire to move into ethical and sustainable investing for more than half (51%) of advised UK adults, according a new report[1]. And while the trend is common across the generations, it’s Millennials who are leading the charge.

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How can you protect yourself from pension scams? #RetirementReady

How can you protect yourself from pension scams? #RetirementReady

Tuesday, 24 August 2021 -

Being online more means criminals have a greater opportunity to approach unsuspecting victims with their scams. Online scams can have a devastating financial and emotional impact on victims.

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Please be aware these articles are for general information purposes only and correct at time of printing. We will not accept responsibility for any errors made or actions taken by any readers that have acted on the information contained. Answers given are for guidance only and specific advice should be taken before acting on any of the suggestions made. All information is based on our understanding of current tax practices, which are subject to change. Always remember when investing, past performance is not necessarily a guide to future performance and the value of some investment units can fall as well as rise.