Read the latest news and articles from the Gem & Co team
Research has found 63% of workers approaching retirement are already planning on working longer than planned. So, do you know how long your pension would last if your retired today? Financial pressures mean that people are working for longer and often beyond the time they expected. With life expectancy rising, it’s important to assess how
Read moreUsing your gifting allowance effectively could mean you’re able to leave your children or grandchildren a significant, tax-free gift behind in the form of a £1 million pension. Discover the steps you can take to reach this goal. With auto-enrolment now in full force, the topic of saving for retirement has never been more relevant
Read moreIt’s easy to misplace important documents and the costs could mount up to a staggering £800. Keeping paperwork organised and in order is a step we should all be taking. Misplacing paperwork is an easy mistake to make. But did you know that a lack of organisation when it comes to your household documents could
Read moreThe Bank of England (BoE) has increased interest rates above 0.5% for the first time since 2009. Today, the Monetary Policy Committee (MPC) voted unanimously to push up the base rate by 0.25% to 0.75%. That’s not a massive increase; savers aren’t going to suddenly start seeing real returns on most of their bank or
Read moreChildren are not cheap. Whether your family is already growing, or if you are thinking of starting one soon, you have probably considered some of the obvious costs, such as private school and eventually, university. But what about those things that might not be so apparent? Research from American Express demonstrates one of these expenses;
Read moreResearch from Halifax shows that 10% of grandparents help look after related children on a daily basis. If you are one of them, you could be eligible for credits which will boost the State Pension you receive later. They’re known as Childcare National Insurance Credits, and there are around 100,000 grandparents who are eligible to
Read moreResearch from Aegon has revealed that 14% of people believe that they will still be paying off their mortgage when they turn 70. The report suggests there are several reasons why people may be forced to continue paying a mortgage into retirement: Rising house prices: which mean people need to borrow bigger amounts of money
Read moreIn 2015/16, 6.87 million pensioners paid an average of £3,522 each, in tax, according to Royal London. That’s a total of more than £24 billion. What affects the amount of tax you pay? According to the research, men are likely to face higher tax bills in retirement than women, though this is likely due to
Read moreDo you have a child or grandchild who will be looking to buy their first home? Will they one day want to retire? If so, they may be considering a Lifetime ISA (Individual Saving account), a tax-efficient way to help them meet these goals. As the second Lifetime Cash ISA is launched by the Nottingham
Read moreNS&I (National Savings and Investments) has revealed that there are currently 1.4 million unclaimed prizes from Premium Bonds, totalling more than £58 million. That’s potentially a life-changing amount of money which is left waiting for the lucky winners to discover. If you have Premium Bonds, why not take this opportunity as a reminder to check
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