Wealth Check: Retire at 55 on £50,000 a year?

Posted on 18. May, 2010 by emilythomas.

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The Independent posted this insightful article about retirement. It discusses a small-business owner, Lawrence (age 24), who wishes to retire at age 55 on £50,000 a year. Lawrence’s personal and business finances are closely linked. He also wants to his existing property to rent out through his business, which may prove to be difficult in [...]

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Money Tips You Need to Know Before Travelling to the World Cup

Money Tips You Need to Know Before Travelling to the World Cup

Posted on 13. May, 2010 by emilythomas.

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For a safe and enjoyable time in South Africa, Barrons.com published 10 payment card and money tips you need to know before you go. Remember, the 2010 FIFA World Cup in South Africa accepts only Visa-branded payment cards, along with cash, in all 2010 FIFA World Cup stadiums, to pay for food and beverages, retail [...]

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New Prime Minister David Cameron

New Prime Minister David Cameron

Posted on 12. May, 2010 by emilythomas.

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Yesterday Conservative party leader David Cameron accepted the Queen’s invitation to become prime minister and create a “new coalition Government.” Just an hour ealier, Labour party leader Gordon Brown officially announced his immediate resignation as prime minister and party leader.
Watch as David Cameron is confirmed as Prime Minister: David Cameron enters No 10 as prime minister
Now what does [...]

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Identity Theft Insurance

Identity Theft Insurance

Posted on 20. Apr, 2010 by emilythomas.

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In response to the rise of identity theft, banks, insurers and other institutions have begun offering ID theft insurance. If you take out this cover and your identity is stolen, your policy should help you deal with problems that arise and get your life back on track.
If you think you would struggle to cope without access [...]

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Pension Drawdown

Pension Drawdown

Posted on 19. Apr, 2010 by emilythomas.

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Also called an income drawdown or unsecured pension, a pension drawdown allows personal pension holders to opt for withdrawals from their pension fund (pension drawdown) instead of  being required to buy a pension annuity with the pension remaining invested with an insurance company. This gives the pension holder more control over their pension. However, at age [...]

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Mortgage Company Fined £2.3 Million

Mortgage Company Fined £2.3 Million

Posted on 13. Apr, 2010 by emilythomas.

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 According to the Telegraph, struggling home owners saw justice after the Kensington Mortgage Company agreed to pay £2.291m for unfair treatment of customers in arrears. The Financial Services Authority fined the mortgage lender £1.225m, and ordered an estimated £1.066m to be paid in compensation.
The FSA cited that Kensington Mortgages imposed high charges on its customers [...]

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SIPPs: Self-Invested Pension Plans

SIPPs: Self-Invested Pension Plans

Posted on 06. Apr, 2010 by emilythomas.

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SIPPs are not how you drink your tea — it stands for “self-invested pension plans.” These are do-it-yourself types of pensions. With a SIPP, you have the choice of where you want your retirement savings to be invested, instead of having a pension company to make the decisions.
Today, nearly any UK resident under 75 can take [...]

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New Mortgage Plans – From the Post Office?

New Mortgage Plans – From the Post Office?

Posted on 31. Mar, 2010 by emilythomas.

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Yes, the Post Office will begin offering mortgages and other financial services from its network of 11,500 branches within the next year. The mortgages will be aimed at first-time buyers that require a 10% deposit. The other services include children’s accounts and an account that allows those on low incomes to manage their household bills.
Visit the [...]

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Is IVA The Right Solution For You?

Is IVA The Right Solution For You?

Posted on 30. Mar, 2010 by emilythomas.

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In the UK a lot of people who are submerged in debt often consider IVA or Individual Voluntary Arrangement as a solution to their financial crisis. It is true that IVA is indeed a better alternative than bankruptcy. However, you must understand that IVA is a quite complicated proposition. So you need to know the [...]

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