Compound interest is arguably one of the most powerful forces on the financial markets – even Einstein was a fan. By helping maximise your returns, it can help you reach your goals quicker than simple interest alone. Here we explain what it is and how it’s calculated.
The flexible ISA could be worth billions to the UK’s savvy savers, yet many providers still don’t offer this function to their customers.
Whether you dream of an around-the-world cruise, writing a best-selling novel or starting a new hobby, careful financial planning will take you closer to making your dream of retiring early a reality.
They say two things are certain in life – death and taxes. Of course, we may begrudgingly pay the taxman his due in life – but even after you die? What about private pensions? Are they taxed after your demise? Budgeting for your retirement can invoke taxes unless you use suitable tax wrappers, such as […]
As parents and guardians of babies and young children, we aspire to help our little ones grow into caring, responsible, and financially stable adults, and saving for your child is an integral part of that process. Therefore, we address questions about when you should start saving and what savings vehicle you should use, including doing […]
Can you or should you withdraw your pension before 55? Please read on to discover more about private pension release rules, taxation, and the amount that can be withdrawn and at what age. Please note that Moneyfarm does not offer this service. While we strive to provide comprehensive retirement planning services, facilitating early withdrawals from […]
The average savings by age in the UK has fallen of late due to the recent pandemic and the rising cost of living. It’s, therefore, even more important to consider whether you’re putting enough money away to support yourself when you retire. You can check the average savings by age and relevant UK income figures […]
An individual savings account ISA is a savings and investment account with a tax-free ISA allowance, and the ISA allowance is £20,000 per person and per tax year. There are many types of ISAs. You might ask yourself how many ISAs can I have, and how the annual ISA allowance applies. These are valid questions; […]
When looking for the best ISA there are five things you should consider. We arm you with the tools you need to make the most of your ISA allowance this year, to get you a step closer to your goals.
