Watch out if you save too much for retirement because the tax man is clobbering diligent investors. The lifetime allowance is the amount of cash anyone can save into a pension. The current limit is £1 million and the limit increases in line with the cost of living each year. Anyone breaking the saving … Continue reading Tax man clobbers workers for too much pension saving
Bank of England chief economist Andy Haldane has opened a debate on property v pensions with some controversial comments about investing. He argues that while Britain has a housing crisis with too few homes, prices will keep rising and outpace traditional pension investments such as shares and bonds. But looking at stellar price growth … Continue reading Is Investing In Property Really A Good Pension Plan?
Savers are piling cash into their pensions but still have an unrealistic idea of the sort of retirement they can afford, says a new survey. Younger savers are managing to save £5,000 a year for a pension or as a deposit on a home of their own, says financial firm Scottish Widows. Three-quarters believe … Continue reading Young savers expect too much from their retirement
British expats are not an adventurous lot and like staying near home and can’t be bothered to learn a foreign language. Only one in four move for work, while almost two-thirds of expats leave Britain in search of better weather. Expat website Internations has just completed a survey that profiles the typical Brit abroad. … Continue reading British expats don’t learn languages and chase the sun
Expats in the United Arab Emirates are turning away for high-end homes to find more affordable living space. A slump in property prices that is on the cusp of starting to bounce back to the highs of several years ago and concerns about the rising cost of living and job security are prompting home … Continue reading Gloomy expats downsize as financial woes impact
Weekly Market Update for 3rd October Index Week Ytd Value CR TR CR TR FTSE 100 6899 -0.15% -0.14% 10.53% 14.14% S&P 500 USD 2168 0.17% 0.20% 6.08% 7.84% NASDAQ COMP USD 5312 0.12% 0.13% 6.08% 7.09% EURO STOXX 50 EUR 3002 -0.99% -0.94% -8.12% -5.66% NIKKEI 225 YEN 16450 … Continue reading Weekly Market Update for 3rd October