Compound Interest Cuts Both Ways
Compound interest can turn modest, regular saving into a substantial sum over time – but the same mechanism can just as easily turn a manageable debt into a much larger one. Here’s how it cuts both ways, with real numbers…
Essential estate planning steps that could protect young family members
When you’re creating an estate plan, there are a lot of areas you might need to include, from considering tax liability to naming your beneficiaries. It’s an important part of your financial plan and, if you want to protect or…
5 strategies that could help you avoid running out of money in retirement
Worrying about your finances in retirement could dampen your excitement as you start the next chapter of your life. As you’ll often be responsible for generating your own income once you give up work, it’s not surprising that a February…
Guide: 7 allowances you might want to use before the end of the 2024/25 tax year
When a new tax year starts, many allowances reset. So, checking if you could use these valuable allowances before 5 April 2025, when the 2024/25 tax year ends, might help your money go further.It’s important to understand which allowances fit…
Business owners: 5 reasons you could benefit from saving into a pension
Building a business can be exciting and rewarding, and it might play a key role in ensuring you’re financially secure now and in the future. Yet, focusing all your attention on your business could mean you miss alternative ways to…
Fiscal Drag: A Guide to Every Frozen Tax Threshold
Income tax, inheritance tax, ISAs, capital gains tax and dividends are all frozen at current levels until at least 2031. This guide brings every frozen threshold together in one place, with the current figures on each, and what you can…