Your best of 2017: 10 MoneyPlus Christmas Crackers

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MoneyPlus Features Team

20th December 2017 at 9:10am

Your best of 2017: 10 MoneyPlus Christmas crackers

With the New Year fast approaching, we’ve been looking back on 2017 to bring you some of our MoneyPlus highlights to help you make the most of your money in 2018.

Here are our top ten Christmas crackers, each one containing a little gift of knowledge.

We’ve unwrapped 2017 for you

By casting our eye over which of our articles were popular, what was topical in 2017 and listening to your feedback, we’ve gained some great insight into the sort of things that really matter to you.

Whether you’re reading for the first time, or just want to revisit them, we hope you’ll enjoy our seasonal sprinkle of some of our best blogs of 2017.

We look forward to bringing you more tips on the steps you can take to make the most of your money in 2018.

Your tax next year… what Budget 2017 means for you

We covered the main Budget announcements in November and what they could mean for your money in the next tax year.

There was good news for many people on the tax front.

Your personal income tax allowance increases to £11,850 from 6 April 2018, with the 40% higher-tax rate threshold going up to £46,350. It means you get to keep more of your earnings.

In Scotland, income tax thresholds are set in the Scottish Budget.

Find out more about next year’s tax changes so that you can plan ahead in our Budget 2017 blog.

 

Make life easier – could bringing your pensions together help?

If you’ve got more than one workplace or personal pension, bringing them together into one could make things easier to manage so that you stay on top of things.

There’s less paperwork for a start and it makes it more straightforward to keep an eye on your pension investments and how they’re performing.

But it won’t be right for everyone and you need to be sure you’re not giving up any valuable benefits in your existing pensions. We guide you through what you need to think about.

Read more in Can combining your pensions lead to simpler retirement planning?

 

You can boost your money by taking advice

If you don’t consider yourself a financial expert, here’s how taking advice can be of real value when it comes to making a wise financial decision, particularly when it comes to planning your retirement.

When it comes to saving, tax and passing your money on, here’s how taking advice can make a difference. Remember, there may be a cost for advice.

Discover the real value of financial advice.

 

What we can learn from those who want to retire by 40

If you want to retire earlier than most people typically do, you’re not alone. We look at a recent US movement known as early retirement extreme, dedicated to the idea of finishing work by 40, or even sooner.

While that’s not something many us are likely to experience, it’s really all about financial independence and saving for the future you want to have, when you want it – and that’s a good thing.

Read more about early retirement extreme.

 

Boost your pension outlook with these simple steps

It’s up to you to make sure your pension is invested for how you plan to take your pension money. Here are some simple steps to help protect it from unnecessary risk – and where you can get more support to help you decide.

Is your pension exposed to unnecessary risk?

 

Interest rates and inflation on the up: How can they affect your investments?

 In November, the Bank of England announced the first increase in interest rates since July 2007.

Gareth Trainor, Head of Investment Solutions, discusses what’s been happening and, most importantly, what it could mean for your investments.

Read more in Understanding the impact of interest rates and inflation on your investments.

Here are 5 simple steps to investing

 We all want to have the kind of future we dream of and have the peace of mind that we’re making the most of our pension savings.

You don’t need to be an investment expert, or have lots of spare cash, to give your money the potential to grow.

Gareth Trainor, our very own Head of Investment Solutions explains how to get started in five simple steps. Investment risks apply.

Get to know your State Pension age

Many people rely on the State Pension as part of their retirement income and knowing when you’re likely to get it helps you plan ahead.

The age at when you get the State Pension has changed and a Government review has been looking into increasing the State Pension age for those in their late 40s and younger to 68 earlier than expected.

Find out more in our State Pension age could increase to 68, 7 years early.

 

‘Can I take tax-free cash from my pension and keep paying in?’

You’re ready to take your tax-free money from your pension and want to keep saving.

The answer is you can if you’re in a modern flexible pension, whether you’re still working or not – but there are tax rules you need to be aware of to save tax efficiently.

Our real-life Q&A explains what you need to know to make the most of your savings.

Make the most of this year’s bigger £20k ISA allowance

This year your ISA allowance is bigger than ever at £20k. Whether you want to save a little or save a lot, and whether it’s for you or your family, follow our quick guide on making the most of it so that your savings grow in a tax-efficient way.

And for those couples who plan their savings together, new ISA inheritance rules could mean the tax benefits of saving last longer.

If you’d like an idea of what your Stocks and Shares ISA could be worth in the future why not try our simple ISA calculator.

Of course, a Stocks and Shares ISA is an investment which can go down as well as up in value and you may get less back than you paid into it.

Read more about ISA savings.

 

This article shouldn’t be regarded as financial advice. Tax and legislation may change, and the information here is based on our understanding in December 2017. Your own circumstances will have an impact on tax.

The value of an investment can go down as well as up. You could get back less than you paid in.