Letting properties on the side boosts income
Britain is seeing a boom in ‘part-time’ landlords where people are letting properties on the side to boost their main income, according to new research from LV= landlord insurance.
Topic: Uncategorized
Class of 2014 expectations
What are the hopes of last year’s university leavers?
2014’s university leavers expect to have bought their first home by the age of 30, according to research published by Endsleigh. The research also reveals that, by the age of 30, the university leavers also expect to be married (average age 29), established in their career (average age 27) and to have a child (average age 30).
What’s your magic number?
The first concise picture of current and changing sources of retirement income
Current retirees are satisfied with 47% of pre-retirement income according to a recent report that reveals those approaching retirement are expecting to receive £23,700 per year when they retire. The Retirement Income Uncovered report by Old Mutual Wealth also shows that the average income in retirement today is currently just £19,000 – a shortfall of £4,700 per year, or 25%.
New pension freedoms
How future retirees may take advantage of their pension lump sums
Research showing how retirees use their pension lump sums to pay off debt provides an insight into to how pension cash unlocked following the new freedoms available from 6 April 2015 could be used.
Gender gap closing
Report shows the proportion of people preparing adequately for retirement is on the up
The number of women saving adequately for retirement has shifted from a record low to a four-year high in the last 12 months, according to Scottish Widows’ annual Women and Retirement Report.
Meet the Full Nesters
Providing financial support for adult offspring – what are the implications?
Parents with adult children living under their roof are spending £1,200[1] more than their Empty Nester counterparts each year on everyday household expenditure, bringing the total annual cost of ‘Full Nest Syndrome’ in the UK to £3.2 billion[2].
Inheritance Tax matters
Perhaps not quite the ‘voluntary’ tax it was once considered
Effective estate planning is about getting the right balance between maintaining access to your money when you need it and saving tax. This is because, in general, the more tax-efficient a solution is, the less access you have to your assets. Safeguarding your own financial future is very important and giving too much away could put this at risk.
Is your nest egg cracked?
Making sufficient financial preparations for the future
Retirement savings have plummeted among those aged 55-64 over the past year as the cost of living continues to rise, according to Aviva’s latest Real Retirement Report.
Navigating a shifting landscape
Prioritising short-term needs as opposed to long-term goals
Recent years have brought tremendous change around the globe, change that affects us all. People are trying to navigate this shifting landscape, but it’s not easy.
In sickness or in wealth
Could you lose thousands from your wages due to sickness?
A new report unveiled by LV= reveals that the average Briton spends almost a year (360 days) off sick. With on average 252 days in a working year, this equates to almost a year and a half of their working life.
