Savings accounts will become “totally obsolete” if inflation rises next week, experts have warned. Latest figures suggested that not a single saver in Briton would make a real return on their cash if the cost of living continues to rise. Historically low interest rates and the government’s preferred measure of inflation, the Consumer Prices Index, [...]
A proposed limit on contributions could hit even those earning modest salaries. On the same day that BP revealed that its beleaguered chief executive, Tony Hayward, would walk away with a £600,000-a-year pension, the Government unveiled plans to severely restrict the amount of money people can save tax-free into one. The Treasury is proposing an [...]
Set up a pension at birth and take advantage of tremendous tax breaks. Parents could make their baby an adult millionaire by starting a pension pot when they are born. While it may be hard to imagine your children reaching retirement, by contributing just £88 per month to a child self invested pension plan (SIPP) [...]
We all know we should be saving more, but acting on our good intentions is never quite so easy. Nathalie Bonney explains how to get the savings habit. Once upon a time, long before credit cards were invented, and with the local bank a day’s walk away, people used to keep their savings in a [...]
Do you want to grow closer to your partner? Follow Nathalie Bonney’s top tips on how to handle your money without ruining your relationship. Anyone who has ever been in a relationship knows it can be hard work. There is a myriad of things to disagree about. But forget squabbling over cleaning the house, picking [...]
Paul Daniels, 71, is one of Britain’s best-loved magicians and his ‘Magic Show’ ran on the BBC from 1979 to 1994. In 1988 he married his television assistant, Debbie McGee, and the couple now live in Berkshire. You are not on TV much these days – what’s your main form of income? This year I [...]
Jump on the swapping bandwagon and give your bank balance a boost. Nathalie Bonney shows how you can save yourself a mint. Swapping used to be reserved for the playground; whether it was trading football stickers or ‘top trumps’ playing cards, kids have always loved trading something they didn’t value that much for something they [...]
In the final part of our Financial Feelgood plan, Nathalie Bonney explains how taking the plunge and investing, and planning ahead for retirement, don’t have to be scary prospects. If you’re saving for the longer term and you’ve already got a savings pot, consider investing. Over time, equities have almost always outperformed cash. Of course, [...]
Living costs are on the rise, so we look at where to get the best deals on investments, savings and spending. Savers were dealt a blow last week after a record spike in inflation meant that, for only the second time in a decade, no variable savings accounts are paying a positive return. The consumer [...]
Policyholders at Equitable Life have accused the Government of dragging its feet a year after it promised to make speedy payments to people hit by the problems at the society. On January 15 2009, the then Treasury Chief Secretary Yvette Cooper told the House of Commons the Government would make ex-gratia payments to people who [...]