Property & Finance
Welcome to the property and finance section of the Mature Times website – the voice of our generation!
This area of the site is packed with articles that will appeal to those over 50 on retirement property and finance, homes for retirement, articles to help you plan retirement and articles to help you plan your finances in retirement.
Mature Times recognises that older people have key decisions to make regarding property and financial matters and it is for this reason we place such importance on these topics.
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Almost a third of Britons admit to not knowing how to fund later life costs
- Saturday, 18 May 2013
37 is the age most believe they should start considering their needs
34% of Britons expect to care for relatives or other dependents in retirement or in the future
NS&I’s latest Quarterly Savings Survey has revealed that just under a third of Britain’s adults (31%) do not know how they will finance their needs in later life, including such eventualities as long-term illness, nursing home or care fees and care of others including partners, parents and siblings. However, 26.7 million adults in Britain (54%) have started thinking about their financial needs, while just over a quarter (27%) of these adults have actually started to put financial plans into practice.
15 per cent of population claim financial worries are affecting their health
- Friday, 17 May 2013
16 million people find finances the most stressful aspect of their lives
Six secrets for SIPP success
- Thursday, 16 May 2013
As more individuals look to take control of their retirement destiny with a self-invested personal pension, SIPP and SSAS provider Hornbuckle Mitchell says Financial Advisers and clients alike should take great care in ensuring the SIPP provider they choose can meet all their needs.
Stewart Dick, Head of Sales, said: “SIPPs continue to offer investors a great way of saving for the future, providing the most flexibility of any pension product currently available in the marketplace. However, increased scrutiny by the regulator and economic headwinds means there is greater pressure to select the right provider.
Likely winners and losers from the single-tier pension plan
- Thursday, 16 May 2013
Malcolm McLean, consultant at Barnett Waddingham, comments on the impending Pensions Bill:
"The Pensions Bill being published today (9 May 2013) gives effect to the Government’s plans for a single-tier state pension for new pensioners from 6 April 2016.
"There are some clear advantages in having a largely flat-rate pension instead of the present convoluted combination of a basic state pension (based on national insurance contributions paid or credited) and a state second pension, S2P formerly SERPS, (based on the contributor’s earnings). The new pension will be simpler, easier to understand and, insofar as it is pitched at a level above the current means-tested pension credit guarantee level, should encourage private pension saving on top – without the current worry that low earners in particular have of overlapping and missing out on means-tested top-up benefits as a consequence.
Possible new legislation which could suffocate Spanish tourist housing market
- Thursday, 16 May 2013
“Spain is at risk of suffocating any much-needed bounce back in its tourist residential market by introducing legislation that would make it difficult to rent out a second home to holidaymakers.
The Spanish Government is close to changing legislation that gives all property-owners the right to let their property on a short-term basis, so that in future all holiday lets would need to be authorised - and have a licence granted by – the local regional government. The new law targets foreign owners in particular, as it highlights that holiday lets will be deemed illegal without the correct licence and approval by the local authority when advertised on-line, a popular way for non-Spanish residents to market rental homes.
