Introduction February was another month when all the important news seem to happen in the last week of the month. President Trump delivered the annual State of the Union address on February 6th and announced a second meeting with North Korea’s Kim Jong-un. The two duly met up in North Korea three weeks later, only for the talks to break down without agreement, as the US refused North Korea’s demands for sanctions relief. Meanwhile back in the US Michael Cohen, the President’s former lawyer, was testifying to Congress and claiming that the leader of the free world is a “racist, Read More

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Retiring overseas is a dream for many Brits. After all, who wouldn’t be tempted by the better climate and the amazing travel opportunities found abroad. Where you choose to spend your retirement, however, will affect how much state pension you get. State pensions are frozen if you decide to move abroad to certain countries, such as Australia, New Zealand, Canada or India. Whilst normal state pensions rise according to the triple lock, in these countries your pension would be frozen. The triple lock means that pensions currently rise by the highest of inflation, average earnings or 2.5%. Whether or not Read More

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In January, the Office for National Statistics (ONS) released their latest Family Spending Survey, revealing the intimate details of British spending habits. In its 61st year, the report provides an insight into family spending habits, as well as showing how they differ between areas of the country. The average British household spent £572.60 per week in the financial year ending March 2018. After adjustments for inflation, this was the highest weekly expenditure since 2005. Increases in transport and housing costs were chiefly responsible for this rise in expenditure. Households are spending £18.40 more than they did a year ago, despite Read More

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The Department for Work and Pensions has hit its target of bringing 10 million workers into occupational pensions, a year ahead of schedule. To give that figure a sense of perspective, 10 million is pretty much the entire population of Sweden. The final stages of the programme’s roll out concluded last year, with contributions to an individual’s pension pot rising to 5%. April 2019 will see that contribution rise further to 8%, including a 5% minimum employee contribution. Auto-enrolment began in 2012 when the proportion of private sector workers opted into a pension was at a low of 42%. That Read More

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We’ve all experienced FOMO at one point in our lives, or to give it its full name; fear of missing out. It’s the feeling you get when there’s an event taking place that you can’t attend. It’s the “But, what if?” when considering whether to turn down an opportunity. It’s the anxiety that is all too common when we want to agree to something but are over-committed. In an age of social media and 24 hour news cycles, where there’s a missed opportunity or the promise of ‘the next big thing’ right under our noses, it’s impossible to avoid FOMO Read More

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