Only one in seven non-retired homeowners over 55 plan to downsize after they stop working, a new study1 suggests. In a poll of 2,000 adults over the age of 55, half said they plan on staying in their current home after they retire. For those aged 71 to 75, the figure is 68%. No hassle, …
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AI & scams – don’t get caught out
Although there is much excitement surrounding the advent and development of artificial intelligence (AI), there are some serious risks involved – namely, the prevalence of scams that are becoming increasingly sophisticated. Types of scams There are a few main scams to be aware of: Who is at threat? Everyone risks falling victim to …
Reaching self-actualisation in retirement
To enjoy a financially secure retirement, it’s important to spend time doing some in-depth thinking well in advance to determine your goals and requirements in order to achieve the lifestyle you dream of. You need a robust financial plan. When thinking about the income you’ll need in retirement, many people find it helpful to think …
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Have you got your mortgage covered?
Taking out life insurance may not be a legal requirement if you have a mortgage, but it certainly is sensible to have. The benefits Not only does life insurance provide financial security in a hypothetical future, but it may also offer you some peace of mind knowing that your loved ones would be able to …
Transfer window
Recently published research suggests the long-heralded ‘great wealth transfer’ is now firmly underway, which inevitably heightens the need for carefully considered intergenerational financial planning as assets continue to flow down the generations. The great transfer Dubbed by analysts the ‘great wealth transfer,’ the next two decades are set to witness the largest ever intergenerational transfer …
Buy-to-let landlords growing portfolios
New research1 indicates that more than half (52%) of buy-to-let (BTL) landlords have been actively expanding their property portfolios over the past year, with 25% acquiring one property and an additional 27% acquiring multiple properties. Looking at the next twelve months, 26% intend to acquire a single property, while another 26% plan to expand their …
IHT receipts at record levels
Figures released by HM Revenue & Customs (HMRC) show that IHT receipts have hit record levels while new data shows the taxman is hunting down thousands of families that have not paid the correct liability on inherited estates. Record sums In the first ten months of the 2023/24 financial year, HMRC collected £6.3bn in death …
Home Finance – In the news
Equity release trends According to the Equity Release Council1, total annual lending reached £2.6bn in 2023, compared to a record-breaking £6.2bn in 2022, returning the market to the level of activity last seen between 2016 to 2017 (£2.1bn to £3.1bn). The total number of plans agreed last year was 26,119, a drop of 47% from …
Planning children’s financial futures
We all want a good start in life for the children in our family. After providing for the immediate needs of younger children, thoughts turn towards the future and consideration of longer-term goals. You may want to consider investing for your child’s future to potentially build something significant which they can call on in later …
In the news
Find lost money! Up to £800m of pension and insurance assets and an even higher amount of savings could be lying dormant, according to new data1. Bank and savings accounts may be declared dormant if you don’t touch the account for several years and any letters from the bank or building society may fail to …
