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How long term home working will affect your finances

There’s a chance that many workplaces may never return to office. Several prominent tech firms have already said that their staff can continue to work from home even after the pandemic and the evidence suggests that a large number of other employers are thinking the same thing. Essentially, the pandemic accelerated an already established shift

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Hidden financial damage of Covid

The Covid crash has threatened the prosperity of millions across the country. While government support measures have gone some way to mitigate its effects, there has been an unseen level of redundancies and a recession of historical proportions. However, some of the financial consequences will be slightly more insidious as the impacts slowly ripple outwards

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How much to save for your pension?

Research shows that we put ambitious targets on our retirement income and then underestimate how much we need to save to get there. Before we delve into how much you should be saving, here’s a quick overview of the two main types of pension schemes: In a defined benefit scheme your employer promises to deliver

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The Chancellor’s Winter Economic Plan

In December 2019, the Conservatives won an 80 seat majority in the General Election and three months later, new Chancellor Rishi Sunak presented his first Budget. But by then there was a large cloud on the horizon – the outbreak of Covid-19.  The Chancellor used his Budget speech in March to present a raft of

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Proposed changes to IHT for siblings

At the moment, only those who are married or who are registered civil partners are exempt from paying inheritance tax (IHT) on money or property left to them by their spouse. This was expanded to include heterosexual civil partnerships at the end of 2019. But the law does not cover siblings who are cohabiting.They are

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Why the 50p could be worth investigating

The 50p has been in circulation for over fifty years. It was the world’s first seven-sided coin and was introduced to replace the ten shilling note. The humble 50p was no stranger to controversy upon its entry into the pockets of the population, with one headline, back in the 60s, referring to it as ‘a

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Have you overpaid pension tax?

HMRC have refunded £627M in overpaid pension tax. Pension savers across the country could be due a rebate after new HMRC figures show that some have been wrongly taxed after drawing from their pension pots. Hundreds of thousands of people have been overcharged in tax since new pension rules were introduced back in 2015. As

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The emotions that arise when investing

Emotions are important. We should listen to them… most of the time at least. However, investing is one case when it’s best to let rational thought take priority over your emotions. By all means, listen to your emotions, but don’t be led by them. Here’s a slightly shocking fact: In 2018, the S&P 500 generated

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The world is in recession. Why is the stock market rising?

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Current World Bank forecasts indicate that the Covid19 recession will be the deepest since WWII and the Treasury’s forecaster has suggested that it could take until the end of 2022 for the British economy to return to its pre-coronavirus peak. However, global stock markets seem to tell a more positive story. Markets are rallying across

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Should over-40s pay more tax to solve the social care crisis?

retirement
The question of who should pay for social care is a pressing one; successive governments have grappled with the issue and none have found a concrete solution. At the moment, some people who don’t qualify for local council funded care have to sell their homes to cover the costs, which can exceed £1,500 a week. 

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