In the UK, gifted money is taxed to prevent people avoiding inheritance tax by giving away all of their money before they die. You will avoid paying tax on gifted money if any of the following applies: You are gifting the money to an exempt beneficiary You are gifting less than £3000 You gift it […]
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The Right to Buy scheme is a straightforward process, which supports eligible council and housing association tenants all over England to buy their own home. This makes it possible to for people to buy the properties that they live in at a big discount. The scheme exists to give families a discount of as much
Understanding the Right to Buy scheme. Is it right for you? What are the pros and cons? Read More »
Managing your personal finances is a very important responsibility. While you can do your best to budget and save, financial setbacks do occur from time to time. If you do not have the money set aside to cover a setback, you will likely need to consider other options to pay for the expense. Three options
Credit card, loan or overdraft? What’s the best option for me? Read More »
Paying all of your bills and other financial obligations on time each month is very important. Those that are able to do this will have a higher credit score and pay less money on interest and late fees. While paying all of your bills on time is important, it is easy to forget to do
What’s the difference between a direct debit and a standing order? Read More »
Look into Guarantor Loans One reason why banks will shy away from mortgages with no or low deposits is because the underlying borrowers typically do not have a very sizable income or a lot of assets. You can help to alleviate this risk if you are able to get a guarantor for your mortgage loan.
A mortgage with no deposit? Is that possible? Read More »
Are you worrying about life insurance and feeling overwhelmed? There’s also no denying that costs creep up as you get older. Don’t panic because help is at hand. Take a look at this handy guide to assess your options: 50 plus life insurance policies These policies are specifically designed for people 50 and over, so
50 plus? Time to review your life insurance options. Read More »
The best way to cut the cost of your life insurance is to make sure you select a policy which provides cover specific to your needs. The following will aid you in getting the best cover at the most competitive price. What should I consider? Before investigating life insurance policies pinpoint what your needs are.
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There are a number of considerations when selecting the right life insurance policy for you. Factors include: How long you require cover for The final pay out amount How you would like the final pay out to be paid Length of cover There are a number of timescale options to choose from Cover for the
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Life insurance can offer peace of mind that loved ones will be cared for financially after you die. There are a variety of policies available to suit varying circumstances and requirements with the insurance policy paying out a cash lump sum or monthly income when you pass away. Most policies can be taken out once
What is life insurance? Read More »
