Month: June 2022

Investment market update: June 2022

Financial stock market graph on an abstract background.

Rising inflation and concerns about recession risks continue to place pressure on households and affect economies around the world. The World Bank has slashed its 2022 global growth forecasts from 4.1% to 2.9%. The organisation also warned the global economy is at risk of experiencing stagflation, where economic growth is stagnant, but inflation is high…. Read more »

Do you have “green guilt”? Here are 8 simple ways to make your lifestyle more environmentally friendly

A shopper using a reusable muslin bag to purchase apples.

More people than ever are embracing lifestyle changes to reduce the negative effect they have on the environment. As the effect of our choices becomes more widely known, some feel guilty about the decisions they make. According to an Aviva survey, 64% of adults in the UK have experienced “green guilt” after carrying out environmentally-unfriendly… Read more »

8 key tax allowances have shrunk by 6% in the last decade

A person using a calculator while looking at a graph on a tablet.

Key tax allowances like the Personal Allowance and Capital Gains Tax (CGT) annual exempt amount can help your money go further. As research shows that overall tax allowances have been cut, it’s more important than ever to understand what allowances make sense for you, and how they can complement your financial plan. According to calculations… Read more »

Explained: The social care cap and what it means for you

A care worker serving an older man dinner.

Next year, Boris Johnson’s social care cap will be introduced. So, what is it and what does it mean for you? The social care cap limits how much an individual will pay for care during their lifetime. It will start in October 2023. The cap is £86,000, but it may not be as generous as… Read more »

The minimum pension contribution may not be enough. Here are 3 reasons to increase your contributions  

An older couple smiling and hugging at the dinner table.

Pension auto-enrolment means that if you’re employed you’ve likely been automatically enrolled into a pension and contributions are deducted from your pay. However, the minimum contributions may not be enough to secure the retirement you want, and the sooner you identify a gap, the more options you have. The current minimum contribution is 8% of… Read more »