Money Minder UK

Recent News

Lifetime Allowance

Lifetime Allowance

Thursday, 19 September 2019 -

Breach may impact on more than a million workers.

 An estimated 1.25 million people are set to breach the current Lifetime Allowance (LTA) £1.03m lifetime limit for pension tax relief over the course of their working life, according to new research published[1].

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Pension freedoms

Pension freedoms

Tuesday, 17 September 2019 -

Over one million UK savers embrace relaxation of rules.

 The Government’s announcement on the relaxation of pension rules changed the investment landscape and pension freedoms show no sign of losing their popularity.

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Dreaming of escaping a working life for retirement?

Dreaming of escaping a working life for retirement?

Thursday, 12 September 2019 -

Getting your date right will help your plans stay on target.

Some people will have set their retirement date when they were in their 20s or 30s and a great deal will have changed since then, including their state pension age and perhaps their career plans.

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Making plans for your retirement

Making plans for your retirement

Tuesday, 10 September 2019 -

Tailored to match your particular needs and aspirations.

One of the most important stages in life which everybody has to save for is retirement. We work hard to enjoy our current lifestyle but are we doing enough to ensure that we can continue to enjoy it in our retirement? Many of us live for today, but saving into a private pension plan can help us retire sooner rather than later.

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Protecting the value of your money

Protecting the value of your money

Thursday, 05 September 2019 -

Don’t ignore the corrosive impact rising prices can have on your investments.

Inflation is an economy-wide sustained trend of increasing prices from one year to the next. The rate of inflation is important as it represents the rate at which the real value of savings and an investment is eroded and the loss in spending power over time. Inflation also tells investors exactly how much of a return their investments need to make for them to maintain their standard of living.

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Preparing for your upcoming retirement

Preparing for your upcoming retirement

Tuesday, 03 September 2019 -

Considering the practicalities of fulfilling your desired lifestyle.

If you are aiming to retire within the next five years, its time to get into the mindset of considering the practicalities of fulfilling your desired lifestyle and making plans.

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Green light for new type of home loan

Green light for new type of home loan

Thursday, 29 August 2019 -

Product choice broadened in the later life lending sector.

In an effort to broaden product choice in the later life lending sector, the Financial Conduct Authority now treats Retirement Interest Only (RIO) mortgages as standard mortgages, instead of being regulated under Equity Release rules. This factor, among others, has resulted in several lenders adding RIO mortgages to their offering.

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Do your numbers add up?

Do your numbers add up?

Tuesday, 27 August 2019 -

Tax-efficient ways to fund the next generation.

It’s natural we may want to give younger members of our family a financial start in life. Especially when we hear about some students graduating with eye-watering levels of debt. If you are able to help your children or grandchildren without risking running out of money yourself, it’s important that you do so effectively.

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Why do you want to invest?

Why do you want to invest?

Thursday, 22 August 2019 -

Reaching specific life goals requires planning.

If you don’t know where you want to go, you’ll find it tricky getting there! Investment goals cover everything from the old adage of saving for a rainy day to planning for a comfortable retirement.

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Bank of Mum and Dad

Bank of Mum and Dad

Tuesday, 20 August 2019 -

Innovative products to be created for would-be home owners.

The Building Societies Association (BSA) have recently published a raft of recommendations as to how the mortgage industry can support the Bank of Mum and Dad in their endeavours to help first-time buyers onto the property ladder.

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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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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.