As with any new year, there are a number of financial changes coming up in 2018 which are likely to impact on your monthly budget and long-term saving goals. Let’s have a look at five of the most significant and what they’re likely to mean for you over the next twelve months. Automatic enrolment contributions are set to increase – If you’re … [Read more...] about 5 key financial changes to watch out for in 2018
When retirement is decades away, it’s understandable that many people near the start of their working lives don’t give a lot of thought to exactly how much of a difference the amount they pay into their pension will make when they finally come round to needing it. Increasing your pension contribution by 1% might sound so small as to be … [Read more...] about Will it really improve my retirement if I increase my pension contributions by 1% – or should I just enjoy the money now?
Recent research has revealed that almost one in five people (18%) in their 50s and 60s are failing to save anything towards their retirement thanks to the rising cost of living and stalling wage growth. Described as a ‘mid-life savings crisis’, it means that millions of people close to retirement age are unaware of how much they will need to pay … [Read more...] about How to avoid the mid-life savings crisis
Finance Minister Derek Mackay delivered the draft budget for Scotland on Thursday 14th December, outlining the Scottish National Party’s financial plans for the year ahead regarding tax, health and social care, business and a range of other areas. Most significant amongst the changes announced was the plan to move Scotland to a five-band income tax … [Read more...] about What are the implications of the Scottish budget and its tax changes?
Whether or not you’re the kind of person who sees the start of January as the time to set yourself resolutions and stick to them, the period after the excesses of Christmas and New Year is arguably one of the best times to actively get your finances into shape. Here are five great money-related resolutions it’s definitely worth committing to in … [Read more...] about 5 Financial Goals for the New Year