Money Minder UK

Recent News

Wealth creation

Wealth creation

Thursday, 15 August 2019 -

Spreading risk by accessing different types of assets.

Investing for the long-term means persisting through market swings. History shows that when people invest and stay invested, they’re more likely to earn positive returns in the long run. When markets start to fluctuate, it may be tempting to make financial decisions in reaction to changes to your portfolio.

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Why silence isn?t necessarily bliss

Why silence isn?t necessarily bliss

Tuesday, 13 August 2019 -

Over six million adults refuse to discuss their will with loved ones.

 Making a will is very important if you care what happens to your money and your belongings after you die, and most of us do. But have you tried to talk with your parents about their will? If that conversation isn’t happening, you’re not alone.

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Freetirees

Freetirees

Tuesday, 06 August 2019 -

Pension freedoms usher in a new generation.

The introduction of pension freedoms has been a huge enabler for over 55s, allowing millions to draw income from their pensions flexibly. Pension freedoms offer the opportunity to transition into retirement by continuing to work with reduced hours beyond traditional retirement age.

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Tracing a lost pension

Tracing a lost pension

Thursday, 01 August 2019 -

Nearly £20 billion unclaimed money and growing.

The scale of the UK’s lost pensions mountain has been exposed by the largest study yet on the subject[1]. The Pensions Policy Institute surveyed firms representing about 50% of the private defined contribution pensions market[2].

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New Tax Year

New Tax Year

Tuesday, 23 July 2019 -

The key changes you need to know

You want to pay the minimum amount of tax legally possible. We want that for you, too. The 2019/20 tax year started on 6 April and in general taxpayers will have more money in their pocket after increases to allowances came into force, but there are a few losers, in particular those selling shares and buy-to-let landlords.

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Improving your retirement income

Improving your retirement income

Tuesday, 16 July 2019 -

Looking forward to having more time to explore faraway places?

      Retirement is a time for you to do the things you’ve always wanted to do. Perhaps you’re looking forward to having more time to explore faraway places. Or maybe you dream of simply waking up each day and doing whatever takes your fancy. However you see your future, it helps to start planning for it as soon as possible.

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Breaking up is hard to do

Breaking up is hard to do

Thursday, 11 July 2019 -

How much money will you will need to live on later in life?

      Divorce is undoubtedly one of the most difficult subjects to talk about. When relationships come to an end, there are so many things to consider – children, home and support are naturally the first things you would focus on. In fact, when you begin the process of separating a shared life, the sheer number of things to deal with can seem very daunting. And the cost of divorce can have a lasting impact on your plans for later in life.

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Spring into action

Spring into action

Tuesday, 09 July 2019 -

Taking a closer look at what you’re spending as a family can help make significant savings.

     It will not be too long before spring is finally upon us, and those winter months (even though we’ve had a really mild winter) will start to become a distant memory. But with spring comes a new tax year – the 2019/20 tax year is just around the corner.

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Financial freedom

Financial freedom

Thursday, 04 July 2019 -

Experiencing a golden age without money worries.

      Saving enough during our working life will not just give us freedom to manage our finances more flexibly, but it will also help us to secure a more comfortable lifestyle in retirement. Even though the baby boomers (the generation born between 1946 and 1964) are better off than any other generation, according to a new report[1], one in three (33%) people nearing retirement in this age demographic still don’t feel confident they’ll have enough funds to live on[2].

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The time is now

The time is now

Tuesday, 02 July 2019 -

A much needed boost to the nation’s savings.

     A million more women in their 20s could be saving adequately for retirement if they were able to access emergency cash from their pension, according to new research[1]. The latest Women & Retirement report highlights that the current lack of flexibility in pensions is a barrier to saving and that introducing the ability to access funds for unexpected bills could provide a much-needed boost to the nation’s savings.

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Double whammy

Double whammy

Thursday, 27 June 2019 -

New social phenomenon – the ‘sandwich generation’.

      In recent years, a growing realisation has formed that we’re in the middle of a new social phenomenon – the ‘sandwich generation’. The term ‘sandwich generation’ is often used to refer to those who care for both sick, disabled or older relatives and dependent children. 

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To downsize, or not to downsize?

To downsize, or not to downsize?

Tuesday, 25 June 2019 -

Planning your next move for a comfortable retirement.

      It can be a daunting prospect to think about selling the family home, but it is a decision that many decide is the right choice for them once the children have long moved out and the upkeep seems too onerous. However, people don’t often consider the impact this could have on their retirement, according to new research[1].

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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.