Investment market update: February 2023

Financial stock market graph on an abstract background.

Statistics suggest that some of the pressures facing economies, such as high inflation and recession concerns, are starting to ease. However, there is still a risk that economies could fall into a recession in 2023. Read on to find out what influenced the markets in February 2023.  As an investor, remember to focus on your […]

Mortgage repayments are costing first-time buyers 39% of their take-home pay

A person carrying boxes as they move home.

Mortgage repayments are accounting for a larger proportion of household expenses as interest rates rise. If you’re searching for your first home, understanding what is affordable is essential for managing your budget.  Over the last year, the Bank of England has increased its base interest rate to tackle surging inflation. As of March 2023, the […]

Explained: How pension tax relief works and boosts your retirement savings

Workers in an open-plan office.

Tax relief could boost your pension and mean you have more financial freedom in retirement. Yet it’s something that you may overlook when reviewing your pension, as analysis suggests that some workers aren’t claiming their full entitlement.  In fact, according to a report in the Telegraph, higher- and additional-rate taxpayers could have missed out on […]

You need to know about this tax trap if you’re returning to work after retiring

A woman working on a laptop in a warehouse.

The latest figures suggest that thousands of retired people are returning to work. If you’re thinking about doing the same, you need to be aware of the Money Purchase Annual Allowance (MPAA). Figures from Royal London suggest that some people that retired during the pandemic have returned to work in some way. The number of […]