MT Financial News - Moore Thompson
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MT Financial News

From time to time, we produce information for clients on a number of topical and important issues, some of which can be found below:

Older workers forced to delay retirement - April 18, 2016
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Around 40 per cent of over-50s expect to work until 70 or older due to insufficient pension savings and lingering debt, according to research from insurer and pension provider Aviva. This means that millions of workers in their 50s may be forced to postpone their retirement due to a lack of pension savings and high … Continue reading Older workers forced to delay retirement


Chancellor announces Lifetime ISA - April 18, 2016
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The Chancellor during his latest Budget introduced a new Lifetime ISA designed to help those under 40 save towards their retirement or a first home. Under the scheme, savers will be able to deposit up to £4,000 each year, and receive a government bonus of 25 per cent, or £1,000 a year, in return. Savers … Continue reading Chancellor announces Lifetime ISA


Average mortgage term is now 30 years, according to Council of Mortgage Lenders - March 8, 2016
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New data from the Council of Mortgage Lenders (CML) has shown an increasing number of lenders are lending at high income multiples. The Council’s report revealed that the median term for first-time buyers has lengthened from 25 to 30 years within a short time. The study by CML shows that many lenders are going against … Continue reading Average mortgage term is now 30 years, according to Council of Mortgage Lenders


Think tank finds savers will be able to pocket £28,000 a year tax free - March 8, 2016
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The Institute for Fiscal Studies (IFS) has said that clever savers may be able to take £28,000 a year in returns tax free under changes that take effect next month. The IFS has said that those able to arrange their savings to take up to £1,000 of interest income, £5,000 of dividend income and £11,000 … Continue reading Think tank finds savers will be able to pocket £28,000 a year tax free


Buy-to-let landlords flooding UK housing market - February 23, 2016
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A rush to purchase buy-to-let properties before a stamp duty hike arrives in April is hitting the property market, according to a landlord industry body. The Association of Residential Letting Agents (ARLA) says that a new three per cent stamp duty surcharge for investors – which comes into effect in April – has had an … Continue reading Buy-to-let landlords flooding UK housing market


UK home owners release record amount of equity from their properties - February 23, 2016
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Equity release lending in the UK reached a new high of £1.61 billion in the final quarter of 2015 as home owners over the age of 55 unlocked a record amount of housing wealth. Lending via drawdown products totalled £271 million between October and December 2015, the largest quarterly total since this type of lifetime … Continue reading UK home owners release record amount of equity from their properties


Insurers say a flat-rate pension relief is fairer to all - February 23, 2016
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The Association of British Insurers (ABI) is asking the chancellor to introduce a Savers’ Bonus that would treat all taxpayers equally. Currently, people on higher incomes benefit from either 40 per cent or 45 per cent tax relief, while others receive just 20 per cent. The ABI has said that a flat rate would provide … Continue reading Insurers say a flat-rate pension relief is fairer to all


Savers need to be aware of changes to FSCS limit - January 18, 2016
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Around one million savers with more than £85,000 in one bank or building society could be at risk following changes to the Financial Services Compensation Scheme (FSCS). On 1 January 2016 the FSCS, which protects savers’ money if their bank or building society goes bust, changed its compensation limit to bring it in line with … Continue reading Savers need to be aware of changes to FSCS limit


UK state pension amongst worst in the world, says OECD - January 18, 2016
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A new report from the international think tank Organisation for Economic Co-operation and Development (OECD) has revealed that the UK’s state pension is one of the least generous in the world. The report from the OECD shows that only two OECD countries pay poorer pensions; Mexico and Chile. In comparison, countries like Turkey, Russia and … Continue reading UK state pension amongst worst in the world, says OECD


Boost in property wealth could help those retiring - January 18, 2016
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People over the age of 55 underestimate their property wealth by more than £90,000, according to a new study. The research conducted by the Equity Release Council has shown that three-in-five older homeowners in this age group (60 per cent) had not had their house valued since they first bought it. The Council’s study also … Continue reading Boost in property wealth could help those retiring


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