Money Minder UK

Recent News

How can critical illness cover protect you and your loved ones? #PowerOfProtection

How can critical illness cover protect you and your loved ones? #PowerOfProtection

Thursday, 22 April 2021 -

What would life be like if you were diagnosed with a serious illness? Things could change very suddenly. You’d get your family together and tell them what was going on. Before long, you’d start spending time in hospital for treatment. You may also need to take some time off.

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As a couple, how can you plan ahead for your financial future together? #TipTuesday

As a couple, how can you plan ahead for your financial future together? #TipTuesday

Tuesday, 20 April 2021 -

Some couples may prefer to keep their finances separate, while others share everything. Whichever method you’ve chosen, when it comes to retirement saving, it’s worth planning together to ensure you’ve made the most of all the allowances and benefits offered to couples.

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How can financial advice help you navigate life events? #FridayReads

How can financial advice help you navigate life events? #FridayReads

Friday, 16 April 2021 -

In the current climate, we understand that you may be feeling worried about your work, your finances and what the future holds.

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Funding long-term care: How much will it cost to enjoy life in later years? #WednesdayWisdom

Funding long-term care: How much will it cost to enjoy life in later years? #WednesdayWisdom

Wednesday, 14 April 2021 -

Long-term care covers everything from residential and nursing homes to home care. It is provided by a range of different organisations, including local authorities, the NHS and private and voluntary organisations. But choosing the right care setting for ourselves or a relative is not something which many of us have experience of.

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How can you for plan the financial future you want? #RetirementReady

How can you for plan the financial future you want? #RetirementReady

Monday, 12 April 2021 -

One thing retirement is not, is an age. Not any more anyway. Gone are the days of being told to stop working one day and pick up your State Pension the next. Today you have new pension freedoms to decide when and how you retire.

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How can you ensure your money is protected from rising inflation? #InvestmentInsight

How can you ensure your money is protected from rising inflation? #InvestmentInsight

Thursday, 08 April 2021 -

With current interest rates on cash savings very low, it is difficult to achieve growth above the rate of inflation. And if the cost of living is rising faster than your savings are growing, you’re effectively losing money.

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Are you under-prepared for a financial emergency? #TipTuesday

Are you under-prepared for a financial emergency? #TipTuesday

Tuesday, 06 April 2021 -

Managing your current and future finances successfully can be a minefield in today’s economic climate. The coronavirus (COVID-19) pandemic has derailed many a financial plan, ushering in job losses, decreased earnings and creating lifestyle changes that have the potential to send our spending into an unhealthy cycle.

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How much is the State Pension? Understanding what you'll receive and when #RetirementReady

How much is the State Pension? Understanding what you'll receive and when #RetirementReady

Thursday, 01 April 2021 -

While many people have some savings for retirement, most of us will also depend on the State Pension to help cover our living costs. The full new State Pension payment is currently £175.20 a week (2020/21 tax year), but not everyone will receive the full amount and the age at which you’ll receive it varies.

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What are the best ways to preserve your wealth? #TipTuesday

What are the best ways to preserve your wealth? #TipTuesday

Tuesday, 30 March 2021 -

No one likes to pay tax on their hard-earned money. But due to the complexities of the tax system, without expert professional financial advice, some individuals could be paying more tax than necessary. Before the end of every tax year on 5 April, you have the opportunity to save money on taxes and plan for the year ahead.

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Your future self: Are you thinking more about job security? #FridayReads

Your future self: Are you thinking more about job security? #FridayReads

Friday, 26 March 2021 -

The coronavirus (COVID-19) pandemic crisis could leave the next generation of retirees significantly poorer and sicker. 4.8 million people over 50 and in work fear losing their job because of the COVID-19 pandemic, according to new research that reveals fears of finding a new role[1].

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ISA deadline 5 April 2021: use it or lose it! #InvestmentInsight

ISA deadline 5 April 2021: use it or lose it! #InvestmentInsight

Tuesday, 23 March 2021 -

If you hold a Cash Individual Savings Account (ISA) you may be dissatisfied with the low rates of interest you receive, which could make it difficult to grow your money even at a rate that keeps pace with inflation.

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Gifting generation: How older family members have been supporting younger generation through the pandemic #FridayReads

Gifting generation: How older family members have been supporting younger generation through the pandemic #FridayReads

Friday, 19 March 2021 -

Young people have been one of the worst-affected groups from the coronavirus (COVID-19) pandemic, particularly in terms of the labour market and mental health outcomes. But it’s their parents and grandparents who are paying the price financially.

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Taxing times on the horizon! Are you protected against future Capital Gains Tax rises? #WednesdayWisdom

Taxing times on the horizon! Are you protected against future Capital Gains Tax rises? #WednesdayWisdom

Wednesday, 17 March 2021 -

It is almost inevitable that taxes will have to rise to help meet the potential £391 billion bill the Government has racked up in supporting the British economy through the coronavirus (COVID-19) pandemic. The Office of Tax Simplification (OTS) published a report[1] in November 2020 outlining the policy design and principles underpinning Capital Gains Tax (CGT).

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What is the gender pension gap and why does it matter? #RetirementReady

What is the gender pension gap and why does it matter? #RetirementReady

Monday, 15 March 2021 -

A lot has been made of the gender pay gap, but what’s not so well known is how this can affect women in retirement. Unsurprisingly, women don’t fare as well as men when it comes to the savings they’ve built up for a healthy and economically stable retirement.

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How millennials are looking to build long-term wealth #InvestmentInsight

How millennials are looking to build long-term wealth #InvestmentInsight

Thursday, 11 March 2021 -

The number of people in their 20s and early 30s choosing to invest in a Stocks & Shares Individual Savings Account (ISA) prior to the coronavirus pandemic outbreak increased according to the latest HM Revenue & Customs annual ISA data[1].

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Setting financial your goals: Why any goal, let alone financial, without a clear objective is nothing more than a pipe dream #TipTuesday

Setting financial your goals: Why any goal, let alone financial, without a clear objective is nothing more than a pipe dream #TipTuesday

Tuesday, 09 March 2021 -

The New Year was a great time to make financial resolutions but, unfortunately, achieving financial goals isn’t quite that simple. Habits become ingrained and hard to overcome. For some of us, the resolutions we set, financial or otherwise, can quickly become overwhelming.

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Is the future of your loved ones in good hands? #FridayReads

Is the future of your loved ones in good hands? #FridayReads

Friday, 05 March 2021 -

Have you decided what will happen to your property and belongings after your death? It is never too early to be thinking of making a Will and to ensure that your assets and estate go to the people you want them to. If you don’t, that may not happen.

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It's time to identify, plan for, and potentially mitigate your tax burdens! #WednesdayWisdom

It's time to identify, plan for, and potentially mitigate your tax burdens! #WednesdayWisdom

Wednesday, 03 March 2021 -

While the Chancellor of the Exchequer, Rishi Sunak, is looking to reduce the tax gap, there are nonetheless still opportunities to review your financial arrangements for saving tax throughout the tax year. Taking action now will give you the opportunity to take advantage of any remaining reliefs, allowances and exemptions before the end of the 2020/21 tax year on 5 April.

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What are the different ways you can use your pension money? #RetirementReady

What are the different ways you can use your pension money? #RetirementReady

Monday, 01 March 2021 -

The UK has seen a rise in the number of people accessing their pension pots or enquiring about doing so. People accessing their pension as a flexible income has increased by 56%[1] according to research since the first lockdown last year. The increase is due to people withdrawing after holding off when stock markets were volatile.

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Don't miss the ISA deadline! #InvestmentInsight

Don't miss the ISA deadline! #InvestmentInsight

Thursday, 25 February 2021 -
Each tax year, we are given an annual Individual Savings Account (ISA) allowance. This can build up quickly, letting you accumulate a substantial tax-efficient gain in the long-term.

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How to get your finances in order to make more of your money: 5 healthy financial habits you shouldn't ignore #TipTuesday

How to get your finances in order to make more of your money: 5 healthy financial habits you shouldn't ignore #TipTuesday

Tuesday, 23 February 2021 -

Do you feel like your financial life has been turned upside down during the coronavirus (COVID-19) pandemic? Or, has the start of the new year focused you on getting your finances in order to make more of your money? Whatever the answer is, it’s important to adopt healthy financial habits.

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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.