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MoneyMagpie

What is a LISA and should I get one?

Reading Time: 6 mins A Lifetime ISA (LISA) can help you buy your first home or save for retirement. A whopping 25% Government bonus gets paid on your savings – who can say no to free money?! Here, we break down the LISA rules and whether you should consider opening one. ISA basics What is a Lifetime ISA? Who … read more

Coronavirus and the stock market: what should you do with your investments?

Reading Time: 5 mins Coronavirus and the stock market is all the news seems to talk about right now. It’s easy to start getting worried – but wait! “Should I sell my shares and ditch my pension?” is the question we’re hearing from readers all over social media. My answer is the same as Warren Buffett‘s: “Be fearful when others … read more

Make over £133,000 for your child with a Junior ISA

Reading Time: 5 mins The Junior ISA is a great way to make your child rich. Find out the rules here and how you can use them to build up a great pot of cash for your little one.

Stakeholder pensions – simple, cheap and worth having

Reading Time: 5 mins Stakeholder pensions are cheap, easy, and upfront about what they invest in. Anyone can have one, and you can make regular contributions or just put in what you can afford each month. For anyone who has ever worried that pensions are too complicated – they were designed to be your solution.   What is a … read more

A Pension in Your 20s Means TENS OF THOUSANDS EXTRA in Retirement!

Reading Time: 6 mins Paying into a pension in your 20s will make a huge difference to your future. Yet, over 10% of women and 8% of men aged 20-29 opt out of their workplace pension scheme. If you’re one of them, it’s time to reconsider: sacrificing some cash now will make you RICH in retirement. From compound returns … read more

Pension Limits Explained (And What to Do When You Reach Them)

Reading Time: 4 mins You pay into your pension every month – but did you know there’s a maximum amount each year you can put away? Or that there’s a lifetime limit? Here’s how pension limits work – and why paying into your pension as early as possible helps you build a large retirement fund. Annual and lifetime pension … read more

How to invest in corporate bonds (and why you should)

Reading Time: 5 mins Corporate bonds – like loans to companies – guarantee you a rate of interest over a fixed term. So, how do they work, and why should you consider investing in them? Your savings account isn’t giving you the best return on your money. Easy-access cash savings accounts don’t offer interest rates that match inflation: you’re … read more

The Personal Savings Allowance Explained (And Why It’s a Great for Investors)

Reading Time: 4 mins The Personal Savings Allowance meant changes in interest taxation rules. But what did the changes mean, and how do they affect your savings? You don’t have to pay any tax on the first £1000 earned in interest. What that really means is, with today’s low interest savings accounts where a ‘good’ rate is still only … read more

Self-Select ISAs: Keep Your Investments in Your Hands!

Reading Time: 5 mins Interest rates are shockingly low. Your cash ISA may offer a measly 2% or so – IF you’re willing to lock your money away for a fixed term (and that doesn’t take into account inflation, either). Stocks and shares are the best way to generate an income and grow your wealth with a long-term strategy. … read more

How to Invest in REITs – And Why You Should

Reading Time: 5 mins REITs have become a portfolio staple for income investors over the past decade, but what exactly are REITs? Why are they becoming more popular? and how can you invest in REITs? To find out the answers to all those questions and more read our article on how to invest in REITs below. Real Estate Investment … read more

Do you qualify for a Help to Buy ISA?

Reading Time: 4 mins If you’re a first-time property buyer saving up for a deposit to buy a house, you then should open a Help to Buy ISA pronto. This is because this Government initiative is set to end on 30 November 2019, which leaves less than two months to open one. Take a look at our guide to … read more

What is FTSE and why should you care about it?

Reading Time: 5 mins What is the FTSE anyway? You hear about the FTSE (pronounced ‘Footsie’) index all the time in the news and you read about it in money articles. It goes up and it goes down, and experts take to the news outlets as soon as it does either of those things (mostly when it goes down). … read more

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