Buy to let property has been one of the main tools that people in the UK have used to build a bit of extra growth over the last 30 years, as there has been a property price boom. This has created a shortage of affordable properties for young people to buy and has led the …
We are pleased to be able to share our 2022/23 Impact Report with the world. Please click here to download.
For a long time, we at Altor, have been big fans of the ‘Save More Tomorrow’ concept. It was developed by the behavioural economists Richard Thaler and Shlomo Benartzi 25 plus years ago and it has gone on to help millions of Americans save more into pensions in a painless way. It works by asking …
We provide cashflow planning and advice, via a salary sacrifice deduction in MyChoice. So that you can see an example of the cashflow planning part of this process we have shot the following three short videos to demonstrate: Video 1 – looking at the Cashflow income inputs. Video 2 – looking at the Cashflow expenditure …
Chicago is the third most populated city in the US, after New York and Los Angeles. And it has a big money problem. Currently the Windy City has $10 billion of assets and $41 billion of liabilities. To clear the debt, every taxpayer would have to pay the city $41,900 and that isn’t going to …
Many people breathed a sigh of relief as, finally, the Bank of England paused interest rate rises for the first time since December 2021, during which time they have raised the base rate from 0.1% to 5.25%. This followed a similar move in the US from the Federal Reserve who also did not raise rates, …
This blog wont apply to most Phoenix staff but more are caught out each year than expect to be. This is because the tax man defines ‘income’ as gross income from all sources before deductions. The most common mistake we see amongst staff, is not including their gross rental income, which can soon add up. …
There are many different types of risk when it comes to financial planning, however when we talk about risk the majority of the time we are talking about investment risk. So what is investment risk? Investment risk is simply the risk that an investment may decline in value. As we will explain, this in itself …
In this blog we looked at your three pension fund options and in this one we gave a warning about the risk of option 1 and 2. So for those of you selecting option 3, yoiu have more work to do as you have to self-select your pension funds. In this blog we are going …
Following on from the last blog where we looked at your pension options, we thought that we would publish a mini-blog about Pension Lifestyling. As we said last time, Lifestyling is the default option within the Phoenix workplace pension. We think that it is a potentially dangerous approach and that staff shoudl be aware of …
