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.
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.
According to new research from Prudential, people who are set to retire this year are supporting an average of three relatives, including their children, grandchildren and elderly parents.
New research by online investment platform SyndicateRoom and FTI Consulting found that 48 per cent of retail investors consider themselves to be ‘off track’ when it comes to meeting their financial goals, with the figure rising to 53 per cent among millennial investors.
Many have stated that interest rates should rise, but The Bank of England predicts that interest rates will not rise again until late 2018.
Savers have been warned that they need to act soon if they want to transfer their Help to Buy ISA into a Lifetime ISA (LISA) before the end of the tax year. The deadline for ISA transfers is 5 April, and some investment platforms have introduced earlier deadlines.
A report from Saga shows that more and more grandparents are using their retirement to look after their grandchildren, and help to support them financially. Most expect the money, usually in the region for £50 or more a month, to be used for a house deposit in the future.
Thanks to the new Innovative Finance ISAs (IFISAs) you can now invest in bricks and mortar in a tax-efficient and simple way - Property ISAs are here.
While Cash ISAs have suffered from the ongoing low base rate, and Stocks and Shares ISAs have battled market volatility, IFISA providers have won over thousands of new investors by offering higher returns and a flexible model of investing - all wrapped up within a tax-free ISA.
Almost two in five (39 per cent) of Brits believe that Brexit will negatively affect the way they access and manage their finances.
Brexit loomed large over today’s Budget, which was delivered to a packed Parliament by Chancellor of the Exchequer Philip Hammond.