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Category: Market commentary & Uncategorized
June was a good month for British and Chinese manufacturing, a disastrous month for General Motors (GM) and sadly, the England team who can now be found on the beaches of the Algarve. At least they escaped the anger directed at South Koreaâs players, who were pelted with toffees on their return to Seoul!
Category: financial planning & Uncategorized
Up to 2.3 million homeowners aged 55 and over are banking on raising money from their homes through downsizing and on average hope to raise around ÂŁ85,300 each from their property deals, according to new research from Prudential. When asked how they plan to make use of the money raised, over-55 downsizers are equally as likely to splash out on a one-off purchase (42%) as they are to save or invest a sum (41%). Nearly three in 10 (29%) are planning to put some of the money into their pension pots.
Category: estate planning & Uncategorized
Almost two out of three Britons have not made a Will and risk leaving a financial nightmare for family members when they die, warns the Law Society. Research coinciding with âDying Awareness Weekâ, published in May 2014 from the Dying Matters Coalition, revealed that only 36 per cent of British adults say they have written a Will, while 83 per cent reported being uncomfortable discussing their dying wishes.
Category: Protection & Uncategorized
As a nation, are we doing enough to protect ourselves, our families and our assets? Scottish Widows is seeking to answer this question throughout the year, with a series of reports on Britainâs approach to protection. Their May 2014 report takes a look at mortgage holderâs protection, to see how many of us are properly protecting what is likely to be our biggest asset.
Category: Tax & Uncategorized
HMRC has revealed a dramatic jump in its revenues thanks to its recent measures aimed at clamping down on tax avoidance schemes. During the course of the tax year 2013/2014, HMRC claims that it has generated an extra ÂŁ23.9 billion in tax; a staggering figure, especially considering it puts them ÂŁ1 billion ahead of a target set by the Chancellor, George Osborne.
Category: Lifestyle & retirement & savings & Uncategorized
Two in five (39%) people planning on retiring this year provide financial support to their families or other dependants, according to new research by Prudential. The research into the âClass of 2014â is Prudentialâs seventh annual study tracking the future plans and aspirations of people who plan to retire in the next year. It reveals that retirees who still provide regular support to their dependants pay out an average of ÂŁ250 per month, or ÂŁ3,000 over the course of a year.
