Women at risk of running out of pension wealth seven years into retirement July 24, 2025 Women are retiring with significantly less pension wealth than men, leaving them at greater risk of running out of wealth just seven years into retirement, new analysis has found. Gen X women, aged 55-59, have just £81,000 in their pension on average, compared to the £156,000 held by men of the same age, leaving them [...]
Reeves puts cash ISA reform on ice ahead of Mansion House speech July 11, 2025 Rachel Reeves is expected to backtrack on plans to cut the tax-free allowance for cash ISAs, amid growing criticisms and building societies reporting a jump in new accounts being set up. “Differing views” from within government and a longer consultation time with the financial sector have contributed to the pause in the policy, according to [...]
The best current account switch offers June 25, 2025 It’s easy to neglect your current account. Perhaps you’ve been with the same bank since you opened your first account, and you haven’t reviewed it since. Or maybe you bank with a particular bank because your parents do. Or perhaps you have considered switching, because you’ve heard that some banks are handing profits back to [...]
Lump sum vs cost averaging: what is the best ISA strategy? June 19, 2025 Studies show lump sum investing leads to slightly better returns, but it might not be right for every investor. Saving any amount of money per month, or as often as possible, is a great first step towards creating a financial safety net. But if you’re able to, it’s worth looking into your savings strategy to [...]
Apps to help you manage your money June 17, 2025 Apps can help you budget, save and invest. The right one for you will depend on the features you’re after, your needs, and what you’re willing to spend. Are you looking to spend more responsibly, save up for a goal or simply get some insight into your financial habits? Luckily, there’s an app for that. [...]
What changes to the pension salary sacrifice scheme could mean for you? June 11, 2025 A new report from HMRC has raised concerns around changes to the pension salary sacrifice scheme. A report on workplace pensions by HMRC has fuelled speculation around changes to salary sacrifice schemes. The report looked into employers’ behaviours and attitudes on salary sacrifices and looked into how potential reforms to tax reliefs could change these. [...]
How to spot a financial scam June 11, 2025 Financial scams are on the rise. Here’s what to be aware of to make sure you don’t fall victim to one, and what to do if you or someone you know is scammed. Criminals stole over £1bn through fraud in 2024, UK Finance’s latest fraud report has revealed. There were over 3.3m confirmed cases of [...]
What is fiscal drag and how you can avoid it? June 6, 2025 Millions more people will find themselves paying higher income tax due to frozen tax thresholds, but there are ways to prepare. Around 8.3m people will be paying more tax by 2029, a forecast from the Office for Budget Responsibility shows. This phenomenon is known as fiscal drag. Fiscal drag occurs when earnings rise but tax [...]
Average earners dragged into IHT net – how can you reduce your taxes? June 5, 2025 New rules to include pensions in estates for Inheritance Tax purposes could see average earners dragged into the IHT net. How can you protect your assets? Inheritance tax receipts rose over £8bn in the 2025 to 2025 financial year, an increase of £0.8bn from the year before. That was due to a combination of rising [...]
UK finance salaries drop as workers ‘actively develop’ tech skills June 4, 2025 UK finance salaries dropped by three per cent in 2025, new data has found, prompting more workers to look for new jobs and develop more tech skills to prop up their pay. Average pay in one of the UK’s richest sectors is now around £102,300, lower than the USA but still higher than Germany and [...]