If you thought your pension was just your retirement savings then think again.
As well as ensuring your financial certainty when you want to stop working, a pension is a great way to support future generations. This is because defined contribution pensions are one of the most tax-efficient ways of passing on your wealth.
Recovery in the residential market
Recent data indicates that the residential property market is continuing to recover.
Growth expected in commercial property market
Savills expects to see growth in the UK’s commercial property market in Q4.
A survey1 has found that 51% of people would tell themselves to start saving as soon as they can. Meanwhile, 41% would say to take more care of their health, and a third would advise worrying less about what other people think.
Jobs permitting, those looking to get on the property ladder may start flocking to Aberdeen, as a report has found it is the most affordable city to be a first-time buyer (FTB)1.
Getting a foot onto the property ladder has always presented challenges. Research suggests FTBs could currently be experiencing the most expensive conditions in 70 years1.
Research1 has found that people in their 30s and 40s could be slipping through the net when it comes to protection cover. The data highlights that those in this age bracket are more likely to have inadequate protection cover for their mortgage, should the worst happen.
Research has found that some landlords are improving the energy performance of their properties even though it is no longer a potential legal requirement.
BoE starts to cut rates
In early August, the Bank of England (BoE) sanctioned the first reduction in interest rates since March 2020 and economists expect a second cut to be announced before the end of this year.
Call us now on
020 8236 8540