Insight Hub

Save at least 11% of your income for retirement!

A recent study by leading think-tank the International Longevity Centre has suggested that people should aim to save a minimum of 11% of their income in order ‘to achieve an adequate retirement income’, which is defined as 70% of the amount earned whilst working. The think-tank emphasises that this is a minimum amount and in...

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Raising retirement age will not fill the ‘black hole’

Recent figures have suggested that the government will be forced to cut back on healthcare spending, raise taxes or increase borrowing to care for the UK’s ageing population, even if the retirement age was immediately raised to 75. An economic study has found that population growth slowing and the increase in cost for healthcare are...

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How long would your savings last?

A recent survey has found that the typical working person in the UK has around a month’s worth of savings to be able to maintain their current lifestyle should their income stop without warning. The data collected from 2,000 people found that the average person’s savings would support them for 32 days. More worryingly, 26%...

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Average price for first home reaches record high

A recent study has found that the average deposit first-time buyers need to pay on a home has now risen to nearly £33,000. This is thanks to the average price of a first home now climbing to a record figure of £207,693. The Halifax First-Time Buyer Review discovered that almost half (47%) of all house...

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Bill to the Bank of Mum and Dad could reach £6.5bn

A recent report has suggested that the ‘Bank of Mum and Dad’ will be lending their children over £6.5 billion this year in order to help them onto the property ladder. The projected figure is around £1.5 billion higher than the £5 billion loaned by parents to their offspring in 2016, demonstrating an increase of...

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How to pass on ISAs after you’re gone

ISAs have long been regarded as a simple and effective way of protecting your savings from the taxman, with the increased limit now allowing you to shelter up to £20,000 of your savings a year from being taxed. Whilst this can be a great help in protecting your nest egg during your own life, you’ll...

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What does the current political climate mean for your savings and investments?

Whilst the country takes in the latest developments in the ongoing saga that is contemporary British politics, one question that many will be looking for answers to, is how the result of the general election is likely to affect them financially. It’s inevitable that savings and shares will be impacted upon in some way by...

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How will your spending habits change in retirement?

It will come as a surprise to nobody that retirement is one of the biggest lifestyle changes you’ll ever experience. But as your priorities shift and the free time available to you increases, what you might not be as aware of is the way in which your spending habits are likely to alter too. Research...

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Will business be better or worse after Brexit?

Wednesday 29th March 2017 saw Prime Minister Theresa May trigger Article 50 of the Treaty on European Union, formally beginning the process of the UK leaving the EU just over nine months after the referendum result. Addressing the House of Commons on the same day, the Prime Minister declared her desire to create a “stronger,...

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The financial pros and cons of self-employment

Studies show that being self-employed has an impact on family life due to the increase in pressure and stress it brings. According to the Centre for the Modern Family’s report ‘Self-employment and the Family’, a fifth of those related to self-employed workers admitted to their household experiencing higher levels of stress, thanks to their career...

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COVID-19: Still here. Still working. Still securing your future.

The Entire FS team are hard at work even though we aren't in the office. Through the use of technology, we are able to continue being here for our clients. If you have questions, please get in touch on 0161 711 0999.