Investing for your children's future
Posted by JSCFinancial on Wednesday 29th of June 2022
As parents to four children ranging in age from three to 12 years old, Rachel and Samantha were horrified to hear on the news that a quarter of 20-to-34 year olds still live at home with their parents. As much as they love their kids, the idea they might still be a permanent fixture around the house into their 30s terrifies them.
Are Rachel and Samantha right to be concerned?
The short answer to this is yes! Research by Civitas has indeed found that a quarter of 20-to-34 year olds still live with their parents – a million more than two d...
Home Insurance - What you need to know
Posted by JSCFinancial on Wednesday 29th of June 2022
One wet and windy evening, Rachel and Nathan decided to take advantage of their newborn, Eli, falling asleep in his moses basket by getting an early night. Gently picking up the basket from its regular spot in front of the fireplace, they crept upstairs. No sooner had they settled in bed when they heard a massive crash from the living room. They ran back downstairs to find a pile of rubble in the exact spot Eli had been sleeping just minutes earlier.
Aware the incident could have been much worse, the couple were still left with an enormous ...
How to protect your business
Posted by JSCFinancial on Thursday 23rd of June 2022
How to protect your business
What is business protection insurance and how does it work? Find out why it could be right for your business.
If you own or run a small business, protecting it is always a priority, especially if something were to happen to a key member, which could affect the financial health of the company. In this situation, business protection insurance could provide some peace of mind.
What is business protection?
Business protection provides coverage in the event that a director, business partner or other key empl...
10 ways to reduce your tax bill
Posted by JSCFinancial on Thursday 23rd of June 2022
10 ways to reduce your tax bill
Being tax smart means knowing the basics about how tax affects your life and money. Here are 10 ways to reduce your tax bill, which could make your money go further for you and your loved ones.
Personal savings allowance
You’re entitled to receive some interest on your savings tax-free every year, depending on your income tax band. For non-taxpayers or basic rate taxpayers you’re allowed up to £1,000 per year; for higher rate taxpayers you get £500. If you have savings with a spouse or partner, you can ...
How might rising interest rates affect your mortgage?
Posted by JSCFinancial on Thursday 23rd of June 2022
How might rising interest rates affect your mortgage?
The Bank of England has raised interest rates which means bigger mortgage bills for some homeowners.
Since December 2021 the Bank of England raised interest rates from 0.1% to 1.25% to combat soaring inflation.
This move will have a knock-on effect as mortgage lenders raise interest rates in response, which will increase monthly payments for some borrowers.
What does a rise in interest rates mean for your mortgage?
Anyone without a fixed-rate mortgage is likely to see their bor...
Saving for a university education
Posted by JSCFinancial on Monday 13th of June 2022
Funding your child's university education
Sarah and Andrew’s 10-year-old twins, Isabelle and Isaac, couldn’t be more different. While Isabelle is boisterous and full of beans, Isaac is gentle and reserved. The children do have one thing in common though - they’re both extremely bright and they already know exactly what they want to do when they grow up. Isabelle loves animals and wants to be a vet; and Isaac is a very talented artist and has his heart set on art school.
When they found out they were getting two for one, Sarah and And...
Pension planning for the self-employed
Posted by JSCFinancial on Wednesday 1st of June 2022
There are 4.8 million self-employed people in the UK and only a third have any kind of pension arrangement. A shocking statistic when you consider that State support is shrinking and we’re all living longer.
Of course, saving for a pension when you’re self-employed is not as straightforward as it is for an employed person, who might automatically benefit from a workplace scheme and employer contributions. We’ve outlined some key points below for you to consider:
Don’t rely on the State Pension
Whether you’re employed or self-employed you’...
Why homebuyers need to check their credit score
Posted by JSCFinancial on Wednesday 1st of June 2022
Carly and Steve made serious sacrifices to save a deposit for their first home. To cut costs, they moved from their two-bedroomed flat in the centre of Manchester to a studio flat in one of the less well-regarded suburbs. When the damp and the noisy neighbours got too much, they moved in with Steve’s mum and when her questions about when they were going to start a family got too much, they moved in with Carly’s big sister.
As well as moving home three times in the space of a year, Carly and Steve gave up takeaways, holidays and their gym ...
The value of mortgage advice
Posted by JSCFinancial on Friday 20th of May 2022
Mortgages - Sorting the fact from the fiction
Lindsay and Sam have just found out they’re expecting their first baby. Although they’re excited at the prospect of starting a family, it’s come as a bit of a surprise and their current living situation is far from ideal. They’ve been staying with Lindsay’s dad in his two-bedroomed terrace for just over a year while they save up a deposit for their first house. The lack of space and privacy has proved challenging to say the least. Adding a baby into the mix seems like a terrible idea.
O...
First steps to investing
Posted by JSCFinancial on Friday 13th of May 2022
First steps to investing
There is no right time to begin investing but there are some decisions to make that could affect your returns. If you are 7 years old and saving your pocket money for a PS5, 17 saving the money from your first job for a car, 27 saving for your first house or 57 and finalising your retirement plans which include a dream holiday, we can provide personalised advice for you.
Angela was looking at ways she could reduce her inheritance tax. After spending some time researching, she realised she could make small g...
