I read with great interest that Boris Johnson is considering 50 year mortgages to help people get onto the property ladder, which I can’t help but think is just a terrible idea for the UK. The ultra-long mortgage would in […]
Debt is on the rise and all of us are affected in some ways, whether directly or not. But while some debts can be considered beneficial – for example, a mortgage or a student loan – many can easily turn […]
One of the great reasons for paying into a pension is the tax benefits. You get tax relief at your marginal rate, which is 20% for basic rate taxpayers, 40% for higher rate taxpayers and 45% for additional taxpayers. It […]
A little while ago, I wrote about whether you should be merging your pension pots. There are definite benefits, like making your pensions easier to keep track of and manage, and saving on costly fees – although you might not […]
Boris Johnson’s “benefits-to-bricks” speech this week made some interesting headlines. Among them was the possibility of excluding savings in Lifetime ISA (LISA) from Universal Credit (UC) eligibility assessments. At the moment, any savings over £6,000 would mean a reduction in […]
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