The guide to using equity release to unlock property wealth later in life
Your home may be one of the largest assets you have. With property wealth often inaccessible, you may be considering using equity release to unlock some of the money tied up in your home. According to the Equity Release Council, the average new customer unlocking property wealth releases almost £60,000. So, using equity release could […]
Guide: 7 useful questions if you plan to take a flexible income from your pension
When you start to access your pension, how will you take an income? One of your options may be to withdraw a flexible income that suits your needs through flexi-access drawdown. A flexible income puts you in control and means you can adjust how much you withdraw from your pension if you need to. However, […]
4 important elements the “sandwich generation” could focus on for a more prosperous future
In 2021, around 3% of the UK population was providing care for more than one generation at once. This statistic, while seemingly small, comes from a BBC report on the “sandwich generation” – those aged between around 45 and 54 – who are tasked with caring for both children and elderly parents at the same […]
How to choose an appropriate executor of your will, and why it matters
Creating a will is one of the most important steps you can take to prepare for the future. While thinking about your death isn’t pleasant, putting your wishes in writing can help your family feel confident that your affairs are in order. One aspect of will-writing that you may have overlooked, however, is choosing the […]
Why did the Wilko franchise fail, and what can business owners learn?
On 10 August 2023, popular retail store Wilko entered administration. The 93-year-old company, founded by J.K Wilkinson in Leicester, announced it would close its 408 stores around the UK after the company went into insolvency. According to Reuters, this closure could result in more than 9,000 jobs being lost. After Woolworths went bust in 2008, […]
10 magical life and money lessons you can learn from Disney
The Walt Disney Company is celebrating a huge milestone – its 100th anniversary. On 16 October 1923, brothers Walt and Roy Disney set up Disney Brothers Cartoon Studio to produce films. From humble beginnings, the company has gone on to become one of the most recognisable brands in the world. To mark 100 years of […]
Intergenerational wealth planning: Your options when passing on wealth to the next generation
Ensuring your family is financially secure for the long term is a common goal. If it’s one of your priorities, intergenerational wealth planning could help you create a plan that suits you and your loved ones. There’s more than one way to pass on wealth to your family. Each option has advantages and drawbacks that […]
Remortgaging: The essential steps you should take when your mortgage ends
If your mortgage deal is coming to an end or it’s already expired, you should consider remortgaging. This guide reveals the essential things you need to know. The government previously estimated 57% of fixed-rate mortgages ending in 2023 had an interest rate below 2%. When these mortgage deals end, it’s very likely that households will […]
The 2 surprising ways perfectionism could damage your financial circumstances
Being a “perfectionist” is a common trait individuals will often describe, used in both a positive and negative way depending on the circumstances. You could hear people say that their house is always clean and tidy, they’re never late, and that they’re very organised because of their “perfectionism”. Conversely, some may describe their perfectionism as […]
How business owners can improve their tax efficiency with pension contributions
If you are a business owner who works within the company, you may empathise with the feeling of being totally consumed by your work. Having built a company from the grassroots stages into a successful enterprise, you are likely to eat, sleep, and breathe your working life. Although this may have been necessary to get […]
