Good With Your Money
Scam activity has increased sharply in recent years with people being targeted online as well as by telephone and mail.
It can be difficult to work out if a loved one has fallen victim to scammers as they may be too embarrassed or frightened to admit what has happened. Scammers often spend a lot of time gaining people’s trust so your friend or relative may not actually believe they are being scammed as they think the scammer is their friend.
If your tax code is incorrect, you could be paying the wrong amount of tax. And there is reason to believe that many people who are being over-taxed are unaware of this because they do not understand what their tax code is or how it is worked out.
The purpose of this guide is to ‘de-code’ the mysteries of your tax code. We aim to explain what your tax code means so that you can check if it is correct and, if not, get things sorted out.
Growing numbers of people are being offered very large cash sums in exchange for giving up all of their rights in their defined benefit company pension scheme (where the amount of pension you get is guaranteed and based on how long you worked for the firm and how much you earned).
The purpose of this guide is to provide some basic factual information about the advantages and disadvantages of making a transfer of this sort, so that you are better informed prior to seeking impartial and expert financial advice about your circumstances.
If you're looking to maximise your income in retirement, a good place to start is with your State Pension. If you're not getting the full amount or are not on track for it, then it's worth considering topping up. The cost of doing this is effectively subsidised by the Government which means it can be very good value for money.
The rules about who can top up, how much it costs and what impact it will have on your State Pension are complex and have changed recently with the introduction of the new State Pension system in April 2016.
The aim of this guide is to help you navigate these various rules and regulations and make a more informed choice about whether or not to top up your State Pension. There are charts to help you with this and links through to useful notes with further information. You can read the document online or print it off
Rising house prices are making it difficult for young people to get a step on the housing ladder. As a result, parents, otherwise known as The Bank of Mum and Dad are increasingly handing over cash to help their children build up a deposit. However, by doing this parents are potentially leaving themselves open to unexpected charges and even severe financial hardship.
The purpose of this guide is to highlight the key pitfalls parents can face and offer ways of avoiding them. The guide also discusses alternative options that parents can consider if they don’t want to hand over a lump sum.