Few people like to see their savings eroded by inflation, fees or taxes. A cash ISA can help you protect your money from the third by allowing you to earn tax-free interest. In principle, this may sound attractive. Yet cash ISAs may not be as useful as they appear. In this article, our Burnley financial planners explore the state of cash ISAs in 2023 and how they might fit…
According to numerous studies, “home bias” is very common amongst investors. UK investors tend to prefer investing in UK equities. The same holds true for US investors and their own market. The reasons for this are numerous including transaction costs, inaccessibility and a sense of unfamiliarity…
According to the 2020-21 English Housing Survey, renting in retirement (versus owning a home either outright or with a mortgage) has risen in popularity in recent years. Indeed, the number of over-65s in privately-renting housing is up by over 100,000 since a decade ago…
According to one study, around two-thirds of UK parents have helped their children with a mortgage deposit, averaging at £32,440. Nearly a quarter say that, without their financial help, their children would never have made it onto the housing ladder. A third of parents also provide ongoing support with rent…
Dividends can be a valuable source of income. Investors are increasingly interested in them in 2022 as more households face the rising cost of living. Yet what are dividends, exactly, and how can they be put to work in a portfolio? Below, our Burnley financial planners offer a short guide to dividends…
If you come across a lump sum (perhaps from a business sale or an inheritance windfall), what is the best way to invest it? Should you invest it all at once or gradually? Is it best to simply hold most of it in cash? In this article, our financial planners in Padiham offer three key principles to consider…
Bonds are a unique asset class, offering investors returns at a lower risk level compared to stocks and shares. Yet they can be mysterious – particularly for new investors. In this guide, our Padiham financial planners explain how bonds work, their distinct features as well as their pros and cons…
The individual savings account (ISA) is one of the UK’s most powerful “vehicles” for someone to save and invest. Yet ISAs are also widely misunderstood and many people make needless mistakes with them, leading to missed opportunities for wealth growth. In this article, our team at Elmfield…
With the Bank of England (BoE) steadily raising the base rate, savers are seeing some benefits in the form of higher interest rates on their regular savings accounts and Cash ISAs. However, this could also lead some savers to pay tax on their interest, which perhaps they didn’t pay before…
Investing in shares, bonds and property can be rewarding – but also involves risk. How do you know what the value of your investment will be in the future? This uncertainty brings a lot of powerful human emotions into the equation like fear, excitement, apathy and overconfidence. Without careful…
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