There has always been a bit of a stigma about offshore bank accounts – But these misconceptions could be keeping many people from taking advantage of the great rates and benefits that offshore savings accounts can offer.
Households with at least one person of state pension age are contributing £8.6bn in income tax each year, in the latest sign that people are working later in life.
While it might feel good to have a six-figure sum in your savings account, many retirees find it hard to figure out how to turn this lump sum into a regular, long-lasting income that will help them to have the retirement that they deserve.
Property is one of the most popular investments in the UK – and with good reason. Investing in a house usually represents a sound investment in the future. Read on to find out the best ways to invest - without the hassle of buying a property.
Investors are increasingly turning to professional advisors before making a financial decision, a new survey has found. Between October 2016 and October 2017, ten per cent of people spoke regularly with a financial advisor, a 25 per cent increase on the previous 12-month period.
Almost four in five (79 per cent) retirees who are already drawing from their pension pot have not set up a Lasting Power of Attorney (LPA).
Brits logged into their mobile banking apps 5.5bn times in 2017, a year-on-year increase of 13 per cent. Meanwhile, banking customers had more than 5.5m webchats with their banks last year, a 24 per cent increase on the previous year.
Interest rates have been at record lows over the past few years which makes it all the more important for the over-50s to shop around to find the best savings account available to them. Over 50? Get the best rates possible by comparing this list of the best savings accounts available now.
People who can’t afford to buy their own home will have to save at least £445,000 for their retirement, according to the former pensions minister.
When it comes to pension savings, the SIPP and the LISA products may look similar to some investors. But there are important pros and cons of each which you need to take into account before choosing which is right for you.
Almost a third of couples (31 per cent) have a secret savings or investment account that their partner doesn’t know about, new research has found.