Month: January 2017

New Year savings resolutions

New Year’s resolutions have become synonymous with things you want to do and know you should commit to doing, but will only actually achieve for the first few weeks of the year (at most). But whilst it’s always a good idea to resolve to sort out your finances, the start of the year is arguably one...

5 things to do before financial year end

With only a few months left until financial year end, it’s a good time to start thinking about your Year End (if this aligns with the financial year) and ensure you have everything in order in good time to avoid complications or penalties. It can be a daunting task for both first-time accountants and those...

What will the new government-backed savings bond mean for savers?

Amongst a generally gloomy Autumn Statement, chancellor Philip Hammond offered a potential ray of hope for those looking to achieve better returns on their nest egg, thanks to the announcement of a new government-backed savings bond. Set to become available from spring 2017 through National Savings & Investments (NS&I) for those prepared to put their...

State pension age may rise to 70

Recent reports suggest that the government is planning to raise the official state pension age to 70 for those currently in their 20s. As a more aggressive timetable for increasing state pension age is apparently to be introduced, those in the 45-55 age bracket could be set to receive their state pension when they are...

4 things to do before the end of the tax year

The beginning of a new calendar year should serve as a timely reminder that we’re only three months away from the end of the current tax year. It might feel at the moment as though there’s plenty of time until the beginning of April, but ensuring you make use of the remaining months before they...

The new pensions minister’s savings tips!

Richard Harrington, who was made pensions secretary by Theresa May soon after she assumed office as Prime Minister in July last year, recently wrote an article for This Is Money divulging his spending tips for 2017. It’s a piece littered with what could be called ‘financial advice’, so what does the new minister recommend we...

What does the future hold for the triple lock?

The ‘triple lock’ on state pensions has protected the older generation’s income since 2010, guaranteeing that pensions will rise each year in line with the highest of either the average earnings, the consumer price index, or 2.5%. But the triple lock’s days look increasingly numbered, with an increasing number of financial and political figures calling...

4 saving habits of millionaires

There are no shortcuts or guarantees when it comes to achieving self-made millionaire status. That said, it can’t hurt to look at the financial saving habits of those who have managed to do just that to try and boost your own coffers. Here are our top tips from looking at those who’ve become millionaires by...

How to meet the costs of long-term care

Thinking about how you’re going to pay for care in your old age may not be a pleasant task, but planning early is essential. The British population is getting steadily older. Nearly one in four people in the UK will be aged over 65 by 2040, up from around 18% today. That’s partly due to...

Clearmoney Magazine – January/February

The latest issue of Clearmoney Magazine has just been published. Inside the January/February issue we look at building a nest egg for children, how to save flexibly for a first home and retirement as well as how to plan for the end of the 2016/17 tax year to keep your tax obligations as low as...