Participants of a trial in England are set to receive an income every month without having to work. It’s the first time universal basic income (UBI) will be provided in England, and advocates argue it could be the future. The idea of providing citizens with UBI has been slowly gaining traction in the last couple of…
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It can be difficult not to let your emotions influence your decisions. When investing, emotional decision-making could be harming your portfolio’s performance and, in turn, the likelihood of reaching your goals. While you might try to make investment decisions based on logic and facts, it is easy for emotions such as fear, greed and excitement to play a role. A…
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Brits are struggling with financial jargon and aren’t sure where to start with investing. It could mean some people are missing out on opportunities to increase their wealth. A survey from Lloyds Bank found that 50% of Brits say they were scared of investing. Furthermore, 38% say financial jargon…
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Investing may provide a useful way to grow your wealth, but getting started can be overwhelming. There are some important decisions to make when investing that could affect the outcomes and the tax you’re liable for, and we’re here to offer support. Last month, you read about investment risk and what to consider when creating a…
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For many people, their pension is a crucial part of their retirement plan. With Pension Awareness 2023 starting on 11 September, it’s the perfect time to learn more about your pension savings. Despite pensions often being essential for reaching retirement goals, a survey suggests many savers lack pension knowledge and don’t plan to seek support. …
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Visiting the supermarket to pick up a few items or do your weekly shopping is so common it can be difficult to imagine life without this convenience. Yet, it wasn’t too long ago that the first supermarket was opening its doors in the UK. And looking back offers an interesting insight into how money and shopping habits have…
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After more than a decade of low-interest rates, many people will be pleased to see the amount their savings are earning is starting to rise. Yet, it could mean you need to pay a tax charge. Interest from saving accounts may be liable for Income Tax. When the average interest rate was below 1%, you usually had to have a…
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Huge leaps in medical advancements mean we’re living longer. Yet, poor health can present challenges in later years. According to a longevity expert, there are steps you can take that could improve your quality of life. Government statistics show that since the 1920s the average life expectancy has increased by around…
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When you’re making investment decisions, balancing risk is an essential part of the process. Creating a risk profile can help you understand which investments are appropriate for you. Last month, you read about the benefits of investing and how it could boost your wealth over the long term. While investing can be a valuable way to…
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Inheritance Tax (IHT) is often controversial – you may have heard of it referred to as “the most hated tax in Britain”. Yet, despite the coverage it receives, it’s often misunderstood. Common myths about IHT could mean you’re needlessly worrying about a potential bill or failing to take steps that could allow you to pass on more wealth…
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