How music affects your mood

Posted by siteadmin on Thursday 4th of November 2021

When you put on music, you may choose tunes that suit your mood. But have you ever considered how the music you choose can impact how you’re feeling too? Research suggests music can have a much greater impact on mental wellbeing than you have considered before.

During Covid-19 lockdowns, mental health was affected. Not being able to meet loved ones and restrictions on what you could do affected wellbeing. On top of this, worries about the risk of illness, work, and other things may have meant people’s mental health suffered.

While spending...

What does rising inflation mean for mortgage holders?

Posted by siteadmin on Thursday 4th of November 2021

Inflation in 2021 is expected to hit 4%. Inflation means the cost of living will rise and, for mortgage holders, knock-on effects could mean the cost of a mortgage becomes higher.

From grocery shopping to electronic goods, prices are rising. The Bank of England now expects UK inflation to rise above 4% by the end of the year, double its 2% target. There are numerous reasons for inflation rising, including shortages caused by temporary factory closures due to the pandemic.

Families across the UK are likely to find their day-to-day spending ...

Community and space are key reasons for over-55s not downsizing their homes

Posted by siteadmin on Thursday 4th of November 2021

More over-55s are choosing not to downsize their homes. The sense of community they enjoy in their current home and the space it affords them means the next generation of retirees are more likely to stay in their current home. It’s a choice that could lead to a better quality of life in retirement if planned carefully.

Just 1 in 4 homeowners over 55 plan to downsize

According to research from Legal & General, 1 in 4 homeowners over 55 plan to downsize. Traditionally, homeowners have sold their family homes and bought smaller properties as ...

How a life insurance policy could help you preserve an inheritance for loved ones

Posted by siteadmin on Thursday 4th of November 2021

If Inheritance Tax (IHT) is a concern for you, taking out a life insurance policy could mean your estate passes to loved ones intact. With some careful planning, a life insurance payout can cover your IHT liability and ensure assets are passed on to your loved ones.

Planning what will happen after your death isn’t easy, but being proactive is important and can help ensure your assets are passed on effectively.

£2.7 billion paid in IHT between April and August 2021

According to figures from HMRC, between April and August 2021, £2.7 billion...

Thinking about passing away and leaving loved ones behind can be incredibly difficult. While it can be challenging, many Brits have thought about what their preferences would be, and millions want their loved ones to celebrate their life.

According to a survey from Co-op Funeralcare, a third of Brits feel like funerals, in general, are too sombre and should be more uplifting. So, it’s not surprising that an estimated 35 million would prefer their funeral to be a celebration of life. This could cover a variety of areas including attire, with...

What is the new care cap, and could it benefit you?

Posted by siteadmin on Thursday 4th of November 2021

Accessing and paying for care have become big issues. As more people reach old age, more people will inevitably need some level of support as they get older. Now, the government has taken steps to fund social care and limit the cost to individuals.

So, how does the new care cap work and who will benefit from it?

Social care reform: A National Insurance hike and care cap

In September 2021, the government announced some key changes to social care and how it’s funded.

Among the changes is a National Insurance (NI) hike. NI contributions wi...

Everything you need to know about the 2021 Autumn Budget

Posted by siteadmin on Wednesday 27th of October 2021

“Employment is up, investment is growing, public services are improving, the public finances are stabilising, and wages are rising.” This is the backdrop against which Rishi Sunak presented the 2021 Autumn Budget.

Promising “a stronger economy for the British people”, the chancellor outlined his taxation and spending proposals. Here’s a summary of the key points and what they mean for you.

Firstly, though, a reminder of two important tax changes that have already been unveiled.

2 important announcements already made

Back in September, th...

City of Culture: The 2025 bids and why they’re worth a visit

Posted by siteadmin on Monday 6th of September 2021

If you’re looking for a new place to visit in the UK, the City of Culture designation could help you find a new urban place to explore. The current host is Coventry, but five cities have already declared their bid for 2025.

The government introduced the City of Culture designation after Liverpool was named the European Capital of Culture for 2008. The title brought social and economic benefits to the area. The redevelopments and events were a success, which led to the creation of the UK City of Culture to provide similar kickstarts to other...

Low interest rates have made borrowing money cheaper than ever, but interest rates could start to rise in the next 12 months. If you’re paying off a mortgage, it could affect your outgoings and the full cost of borrowing.

We’ve experienced over a decade of very low interest rates. That’s been good news if you’re borrowing but has negatively affected savers. However, this could change as the economy begins to recover from the effects of the pandemic.

The Bank of England (BoE) first cut interest rates to record lows following the 2008 financ...

Property is often seen as a way to generate a passive income or to fund retirement. Yet a survey has found that an increasing number of landlords are considering selling at least a portion of their property portfolio due to tax and regulation changes.

Property can be a useful asset to invest in. However, if you’re thinking about purchasing a buy-to-let property, it’s important you fully understand the responsibilities and potential financial returns. If you already have buy-to-let properties, it’s just as important that you keep on top of c...