Would you like to leave all your worldly goods to Uncle Nigel? That’s what might happen if you don’t create a will. A will is a legally-binding document that stipulates who you want to inherit your estate. Although a will can save an awful lot of suffering for those left behind, only 40% of the population currently has one. If you die without a will, the rules of intestacy determine how your … [Read more...]
Financial Myths No. 1 – I can retire on the State Pension
Back in 2017, a survey by the FCA revealed that around 15m people in the UK are relying on the state pension to fund their retirement. They had no other provision to keep them in old age. Many had left it too late to make alternative provisions, but others admitted they found pensions too confusing and this had prevented them from making informed decisions.Nobody wants to think about their … [Read more...]
Should I put my money in Premium Bonds?
The British aren’t renowned for being an optimistic race. Yet 22 million of us have invested £79 billion in Premium Bonds, a scheme that offers low odds on winning even a modest prize. So, what’s the attraction? Is this really a good way to boost our savings or chances of retiring early?In this post, I’ll explain how Premium Bonds work, how the potential rewards compare with other forms of … [Read more...]