Money Minder UK

Recent News

Coronavirus impact on the global economy

Coronavirus impact on the global economy

Thursday, 30 July 2020 -

It’s more important than ever to stay the course

The coronavirus (COVID-19) outbreak is first and foremost a human tragedy, affecting hundreds of thousands of people. It is also having a growing impact on the global economy. The markets have been extremely volatile as investors weigh the effect of the coronavirus against measures aimed at easing its economic impact. Therefore, it’s hard to say how this will affect investments in the short term.

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How secure is the future of your family or business?

How secure is the future of your family or business?

Tuesday, 28 July 2020 -

Projecting ourselves into the future to see what’s around the next bend is not an easy thing to do

Given the current situation during this difficult and unsettling time with coronavirus (COVID-19), it’s important to think about how secure the future of your family or business would be in the event that you were no longer around.

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Income protection insurance

Income protection insurance

Thursday, 23 July 2020 -

How will you pay the bills if you were sick or injured and couldn’t work?

There is a growing unease about the economic fallout of coronavirus (COVID-19), with many businesses laying off contractors and putting staff on extended leave, as well as natural worries about contacting the disease.

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Moving closer to retirement

Moving closer to retirement

Tuesday, 21 July 2020 -

Delay taking your pension if you can

For those people moving closer to retirement who may have been impacted by the recent market volatility, an option to consider is deferring your private pension.

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Second self-assessment payment deferment

Second self-assessment payment deferment

Thursday, 16 July 2020 -

Strengthening the safety net for those who work for themselves

The Chancellor, Rishi Sunak, said he will ‘strengthen the safety net for those who work for themselves’ with a package of measures to support the self-employed and freelancers, offering improved benefits and tax deferrals.

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Self-employed and not eligible for SSP

Self-employed and not eligible for SSP

Thursday, 09 July 2020 -

What other options do I have available to me?

If you are not eligible for Statutory Sick Pay (SSP) – for example, if you are self-employed or earning below the Lower Earnings Limit of £118 per week – and you have COVID-19 or are advised to self-isolate, you can now more easily make a claim for Universal Credit or New Style Employment and Support Allowance.

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Statutory Sick Pay

Statutory Sick Pay

Tuesday, 07 July 2020 -

Payments made from day 1, rather than day 4, of your absence from work

If you think you are entitled to Statutory Sick Pay (SSP), you can receive £94.25 per week if you’re too ill to work. It’s paid by your employer for up to 28 weeks.

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Coronavirus investment scams

Coronavirus investment scams

Thursday, 02 July 2020 -

If it sounds too good to be true, it probably is

Fraudsters are getting more sophisticated, particularly with investment scams. They can be articulate and financially knowledgeable, with credible websites, testimonials and materials that are hard to distinguish from the real thing. However, if it sounds too good to be true, it probably is.

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Protecting renters affected by coronavirus

Protecting renters affected by coronavirus

Tuesday, 30 June 2020 -

No renter in either social or private accommodation will be forced out of their home

More than a fifth of UK households live in privately rented accommodation. The Government has introduced measures to protect renters affected by coronavirus (COVID-19). This radical package of measures protects renters and landlords affected by coronavirus – and with these in force, no renter in either social or private accommodation will be forced out of their home.

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Applying for a three-month mortgage payment holiday

Applying for a three-month mortgage payment holiday

Thursday, 25 June 2020 -

Easing the stress some borrowers will be facing during the pandemic outbreak

Mortgage borrowers who have been adversely affected financially by coronavirus (COVID-19) may want to consider requesting to take a mortgage payment holiday on their residential or buy-to-let mortgage for up to three months to help their financial situation. The Government’s policy is aimed at easing the stress some borrowers will be facing during the pandemic outbreak.

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Managing volatility

Managing volatility

Tuesday, 23 June 2020 -

Diversification is paramount in uncertain times

The outbreak of coronavirus (COVID-19) has understandably been dominating the news headlines. Market fear over the escalating global spread of coronavirus has seen a sell-off across many asset classes. This period of market stress further emphasises the importance of diversification within portfolios. Investors’ objectives can rarely be met by investing in a single asset class.

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Reclaiming Statutory Sick Pay

Reclaiming Statutory Sick Pay

Thursday, 18 June 2020 -

Coronavirus Support for businesses who are paying sick pay to employees

The Government has brought forward legislation to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19.

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Retirement savings longevity

Retirement savings longevity

Tuesday, 16 June 2020 -

Are you facing a pensions challenge?

We all want to ensure we have sufficient funds when we retire so we can spend our time the way that we want to. But how realistic are your current retirement plans?

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Inflation matters

Inflation matters

Thursday, 11 June 2020 -

One of the biggest threats to the health of your investment portfolio

If you’re investing – especially for major goals years away, such as retirement – you can’t afford to ignore the corrosive effect rising prices can have on the value of your assets.

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The big questions to ask before you retire

The big questions to ask before you retire

Tuesday, 09 June 2020 -

Are you on track to enjoy the retirement you want?

If you’re among the many older UK workers who will say farewell to full-time work in the next five years,

now’s a good time to make sure you’re truly prepared. Whether you’re viewing the next phase of life as retirement,

semi-retirement or an unknown adventure, it’s essential that you obtain professional financial advice. From age 55, you have the flexibility to choose how you take some or all of your money from your pension.

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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.