Have you chosen the right way to save for retirement?

Have you chosen the right way to save for retirement?With the State Pension currently worth a maximum of £155.65 a week, making additional provision for your retirement is essential if you want the financial freedom to enjoy your later years. Saving for retirement doesn’t need to be complicated, although it’s always helpful to pose some key questions, for example: How much will you to need to live on? How long do you have to save for retirement? When do you want to retire? How will inflation affect you? Will you qualify ...

Thousands of grandparents miss out on income boost

Thousands of grandparents miss out on income boostLooking after grandchildren is something many people enjoy. But few are aware that it can mean losing a substantial amount from their state pension. The good news is that there is a little-known scheme, which could give them back the thousands of pounds that would otherwise be lost. According to Sir Steve Webb, former Minister of State for Pensions and Liberal Democrat MP, thousands of grandparents who provide childcare, are missing out on National Insurance credits that could boost their state pension. Now Director of ...

Cash ISAs: The super six

Cash ISAs: The super sixInterest rates on Cash ISAs remain historically low, and with current inflation rates, the true value of your savings may fall.  Despite this, and the introduction of the Personal Savings Allowance, which will mean far fewer people pay tax on their savings interest, Cash ISAs are still a popular way to save. Especially for those people who want to avoid the risks associated with stock market investments or, who are saving for short-term needs. As we approach the end of the tax-year, thoughts often turn to making ...

SIPP deposit interest rates fall by up to 69%

SIPP deposit interest rates fall by up to 69%Ever since we launched our website way back in 2010, we’ve been known for publishing a best buy table for SIPP deposit accounts. In fact, seven years on, it’s still the most popular page on our website. Over the years, we’ve seen many changes in the SIPP market. But, falling interest rates and a contraction in the number of banks and building societies offering deposit accounts for SIPPs, have been constant themes. We thought it would be interesting to review the history of interest rates ...