What you need to know about Tax and Cryptoassets
How are cryptoassets taxed in the UK? To begin with, tax is payable on any profit received from the disposal of cryptocurrencies. This includes when they are: Cryptoassets are taxed according to their nature and how they are used, rather than the definition of the asset. The vast majority of cryptoasset investors who live in the […]
TIME TO BRING YOUR PENSIONS TOGETHER?
3.6 million Britons have lost track of their pension savings The more old pensions you have, the easier it is to end up losing one. Tracing pensions from years ago can be a hassle. Over 3.6 million Britons admit they have no idea how many pensions they have and risk paying more in fees than […]
CREATE A BETTER WORLD TO LIVE AND RETIRE IN
Pension investments to harness a more sustainable planet Few people are aware of what their workplace pension invests in, let alone how their pension provider incorporates Environmental, Social and Governance (ESG) matters into the process. Almost two-thirds (64%) of UK pension holders say that didn’t know their pension could be invested in ways to help […]
GENERATION VEXED
A third of Gen Xers not confident they can fund their retirement One in three (31%) Generation X members (those born between 1965 and 1980) do not feel confident they will be able to work for as long as they need to fund their retirement needs, due to concerns around health and age. With 57% […]
PLANNING FOR EARLY RETIREMENT
What are the financial consequences to stopping work in your 50s? Early retirement may be the ultimate dream for some, but the coronavirus (COVID-19) pandemic made it the only option for many. Figures from the Office for National Statistics show that over-50s had the highest redundancy rate between December 2020 and February 2021. Retiring early […]
THE POWER OF A PLAN
How to create a personal financial plan in 8 steps When thinking about your future financial wellbeing, it can be helpful to consider a plan. It is a good idea to have a clear sense of what you want from life and use this as a guide for making important decisions. A comprehensive financial plan […]
PENSIONS AND RETIREMENT STILL REMAIN A TABOO
When it comes to marriage and money, it’s good to talk Millions of married couples have no idea about their spouse’s pensions and retirement plans, according to new research. More than three- quarters (78%) of non-retired married people do not know what their spouse’s pensions are worth. Nearly half (47%) of non-retired married people have […]
FESTIVE GIFTS THAT TEACH CHILDREN THE VALUE OF MONEY
Why parents should look to Christmas investment gifts instead of toys With the festive season approaching, have you thought about gifting your children or grandchildren something different this year? Giving them a good start in life by making investments into their future can make all the difference in today’s more complex world. Lifetime gifting is […]
UK PENSIONERS UNDERPAID
More than £1 billion in State Pensions impacted due to ‘repeated human errors’ The Department for Work and Pensions (DWP) underpaid 134,000 pensioners in State Pension to the tune of £1 billion, according to the National Audit Office (NAO). Complex State Pension rules, outdated and unautomated IT systems, and a high degree of manual review […]
HOW CAN I PROTECT MY MONEY FROM INFLATION?
Five questions to ask before inflation really takes off ‘How can I protect my money from inflation?’ is a question that many people may be asking themselves right now. In the current economic climate, rising inflation is becoming a concern for people with savings and investments. The effect means you’re potentially earning less money due […]