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Resources for Financial Wellbeing
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Explore our news and insights on financial advice including IHTs, green investing, and more.
Why emotional decision-making could be costing you investment returns
Letting your emotions influence your investment decisions could be having a larger effect than you think. A survey suggests paying too much attention to the news and taking too little risk due to fear are two of the biggest mistakes investors could be making.
A decade after introducing auto-enrolment, the government confirms plans to extend it
The government has set out plans to expand pension auto-enrolment. It means more workers, including those that work part-time, could start saving for their retirement for the first time.
A grocery shop would cost just 45p in 1940s when the first supermarket opened its doors
75 years ago, the UK’s first supermarket opened its doors in London. Back in the 1940s, a grocery shop would set you back just 45p. Discover how inflation has affected the value of your money here.
Investing 101: What you need to know about tax efficiency and your investment options
This month, read about two key decisions you’ll need to make when investing – whether you should invest in shares or through a fund, and how to make your investments tax-efficient.
Investment market update: April 2023
High inflation continues to affect economies around the world. However, there are positive signs of recovery, and some surveys indicate that people are starting to feel more confident about the future.
Revealed: A long-term investment strategy could be key to beating inflation
Over the last year, you may have been affected by soaring inflation, rising interest rates, and volatile market conditions. The good news is that research shows a long-term investment strategy could help you grow your wealth despite a challenging environment.
5 essential money lessons that could improve your child’s financial independence
Between 12 and 16 June, Young Enterprise runs a national campaign across primary and secondary schools with the aim to give children the skills and knowledge necessary to understand finances to thrive in later life.
4 red flags that could be signs of a scam and what you need to know about them
Each year in June, Citizens Advice runs a two-week scam awareness campaign, aptly named “Scam Awareness Fortnight”. The organisation hopes its movement will raise your awareness of common scam tactics, and mean you’re confident that you know what to do if you spot one.
4 essential Budget announcements that could boost your pension
In a bid to encourage early retirees back to work, chancellor Jeremy Hunt unveiled several changes to pension allowances during the Budget. The announcements could mean you’re able to save more in your pension and boost your retirement income.
Estate planning: 3 crucial steps that could protect your later years
Estate planning is an important part of your financial plan. Not only does it ensure your assets are passed on to who you wish and considers areas like Inheritance Tax (IHT), but it could provide you with peace of mind about your future too.
What the budget means for pensions
It’s great news for individuals who want to save for their retirement. There has been a limit to the amount of pension savings you can make and still keep the tax benefits. This is called the Lifetime Allowance (LTA). The chancellor has announced the LTA will be scrapped. There were rumours before the budget that the allowance would be raised, potentially to £1.8m but it was a surprise that they were completely scrapped.