Government scheme offers ‘Breathing Space’ for Britons in debt

Breathing Space Debt: People living in the UK with mounting debts will be able to ask for them to be put on hold for two months (60 days) after proposals two years in the making came into effect this week. The so-called ‘Breathing Space’ scheme, announced by the Government in 2019 after a five-year campaign […]

Financial Wellbeing and the Gig Economy

Gig economy worker

The recent landmark Supreme Court ruling that Uber drivers are workers could have wide-ranging impacts on the Gig Economy, and for those who earn their living from it. As a recap, the Court has reinforced earlier judgments that Uber drivers are in fact workers and not self-employed, as Uber argues. What is a ‘worker’ A […]

The financial impacts and experience of Covid-19

Personal finance

How Covid -19 is affecting Personal Finances The FCA has undertaken some extensive research into the impacts that Covid-19 has had on personal finances across the UK. Unsurprisingly, the results are concerning and have revealed An increase in financial vulnerability A decrease in financial resilience Only limited take up of debt advice An increase in […]

What’s my State Pension Worth?

If you’re looking to get the full value from your income in retirement, a good place to start is with your State Pension. The amount of State Pension you get is based on your record of National Insurance Contributions (NICs). If you haven’t made enough contributions then you won’t get a full State Pension. But […]

Has the Coronavirus killed Cash?

Cash

I’ve had the same £20 note in my wallet since the first lockdown. It’s not that I haven’t spent any money. It’s just that I hadn’t used any cash. Even pre lockdown 1, I was using cash less and less and contactless (phone or card) more and more.  But I hadn’t quite got out of […]

Take action! Time to review your financial needs and goals.

This won’t go away! Just how is it the big 50 already?. A massive milestone in itself. There are certain things that you should have nailed by now. In some ways, the living expenses you have now, compared to what they were 20 years ago should give you a better image of how much money […]

Are people using the new pension freedoms wisely?

It has been five years since the then Chancellor of the Exchequer George Osborne announced the Pension Freedoms in his March 2014 budget. This was hailed the biggest change to pensions in a generation. Under new rules, anyone aged 55 and over is now allowed to take their entire pension pot as a lump sum, […]

Is it worth topping up my state pension?

If you’re looking to get the full value from your income in retirement, a good place to start is with your State Pension. The amount of State Pension you get is based on your record of National Insurance Contributions (NICs). If you haven’t made enough contributions then you won’t get a full State Pension. But […]