Month: September 2016

Diversify away from UK equities for income growth

Craig is 51 and has been investing for 20 years. He is single, doesn’t have any debts and doesn’t own property. As well as his investment portfolio, he has a teachers’ pension. He was moved into a career average scheme in April, which won’t pay out until normal retirement age, but 3/8ths of £37,000 from...

Is working part of your retirement plan?

A recent study analysing the income statistics for pensioners has found that more people aged over 65 are continuing to work after they officially retire. Figures suggest that the amount of pensioners doing so is around 13%, an increase from just 8% over the past ten years. That figure might sound small, but it equates...

Update on the Chinese economy

With everything that has happened closer to home throughout 2016, it’s easy to forget that the Chinese economy was making headlines at the start of the year. But whilst the fallout of the Brexit vote and the Bank of England’s base rate cut are at the forefront of many minds, it’s important not to completely...

Spotlight on gold

Following a number of less favourable years for gold, 2016 has thus far been kind to the precious metal. After continual growth since the turn of the millennium, gold peaked at around $1,900 an ounce in 2011, but plummeted in the subsequent years to only a little over $1,000 towards the end of 2015. In...

Earning over £150,000? You need to review your pension. Here’s why.

If your annual income is above £150,000, then your pension allowance has been subject to tapering since April this year. For every £2 of income over £150,000, your £40,000 annual allowance is reduced by £1, with the reduction rounded down to the nearest whole pound if necessary. Reductions are capped at £30,000, meaning that those...

Update: the knock on effect of the interest rate cuts

Following the Bank of England’s decision to cut interest rates to a record low of 0.25% at the beginning of August and the initial reaction to that from within the financial sector, the resultant effects continue to be felt over a month later. Cash savings accounts have been hit the hardest, with some banks making...

Markets blow hot and cold, so make sure you’re insulated

Markets blow hot and cold, so make sure you’re insulated Each week The Sunday Times asks an expert for tips on how to invest £10,000. This is the last in our series focusing on investing during periods when interest rates are low — and could go lower still. Next week we will start a series...

Despite consistent positive savings messages, many are still struggling to save for the future

A recent report has found that a significant number of people aged 35 to 44 are still struggling to save anything for the longer term, and are only just affording to pay for their present circumstances. Whilst 37% said that they struggle with their finances from time to time, 34% of people between these ages...

Clearmoney Magazine published

Welcome to our latest issue of Clearmoney Magazine. We hope you enjoy reading it, as we approach the run-up to another year end and those long hot summer days start to become a distant memory. For many of us, our thoughts are turned to another year that has flown past – and when we talk...

September market commentary

By and large August was a good – but unexciting – month for the major world stock markets we cover in this commentary. There were no dramatic gains – Hong Kong was the star performer with a rise of 5% – and two or three markets did their best to do nothing at all, but...