To say that you’ve retired age fifty-five with a million pounds in your bank account is the dream of many students that leave school to start in their career. Remember, just because you aim to have a million pounds in your bank account, doesn’t mean the only way to achieve this goal is by having …
Whether you’re just starting your retirement planning, trying to support your growing family or at the end of your career and need an extra income to bolster your savings, side-jobs can be the differences between a happy and sad retirement. Throughout my life, I’ve always had a full-time job and a side-job that helps to …
Read moreHow to Earn Extra Money in the UK – 101 Ways For 2020
The important part of investing your savings is to be able to do it yourself and pay as little fees as possible, especially in the early days. The difference between using a financial adviser and not can be a significant difference. In my experience, financial advisers rarely outperform the index’s, and there is a minimal …
Read moreHow To Invest: The Best Way’s To Make Your Money Grow
In an ideal world, financial advisers recommend that you should be saving at least 20% of your monthly salary for the future, that said, often it’s not possible. It’s not, not possible because you don’t earn enough, it’s because you don’t plan, you waste money on stupid things, and you don’t know how to save …
Living abroad is a fantastic experience that I would highly recommend that you took advantage of if you’re ever offered, that said, it can affect your financial future if you’re not careful. As soon as you leave the UK tax system, you’ll stop paying UK tax. This, in turn, means you’ll stop paying your National …
Read moreShould A UK Expat Transfer Their UK pension to a QROPS or a SIPP?
There are two guarantees in life, death and taxes. Unless you plan your IHT correctly, you could end up paying considerably more than you expected in Tax, rather than leaving it to your family. As its currently stands in the UK, upon death, Inheritance Tax is due on your estate (property, money and possessions) at …
It’s going to happen to us one day, and sadly there is very little we can do about it. That said, we can prepare financially and make sure once we’re dead, our money does not merely go to the government in the form of Inheritance Tax. Minimise Your UK Inheritance Tax Liability The first step …
Read moreEight Great Ways to Avoid Inheritance Tax in the UK?
This weeks question comes from one of our readers Paul, who has asked how much tax will I pay on earnings of £200 a week. In the UK, the first £11,850 (2018/2019) or £12,500 (2019/2020) of income is free of income tax. In this example, £200 per week or £10,400 per year is below this level …
Choosing a financial adviser is a decision that should not be taken lightly. The difference between a good and a bad financial adviser can easily be hundreds of thousands of pounds. The problem is that most people have little financial knowledge and have absolute trust in their financial adviser to protect your financial future. Over …
Read more10 Questions To Ask Your Financial Adviser At Your First Meeting
The one dream, nearly all of us think about, is retirement. It’s the time when you won’t have to get up at the crack of dawn and head to work; you can do what you want and finally enjoy life to the fullest. Retirement is the time that you can decide what you want to …
Read moreTen Facts You Need to be Aware of Before You Retire
It is the summer and the kids are off school and ready to be entertained. The problem is, however, you cannot quite afford that trip to Euro Disney, or the holiday to the south of France, or to any of the other exotic places that they have heard some of their friends talking about. To …
Read moreHow to Find Bargain Summer Adventures For Kids Across The UK