Articles

  • 1 week ago | telegraph.co.uk | Rachel Lacey

    Mortgages are the one financial service you spend years trying to get, but then want to be rid of as soon as you can. For most of us, a mortgage is the key to getting on and climbing up the property ladder, but they can also be your biggest monthly expense. With recent rate volatility in mind, it's hardly surprising that becoming mortgage-free often becomes the next financial goal.

  • 1 week ago | telegraph.co.uk | Rachel Lacey

    The first £30,000 of your redundancy pay is paid tax-free, which means it doesn't count as relevant earnings for your pension. However, if you get a larger package, paying the excess into your pension could be a tax-efficient use of your cash as you'll benefit from tax-relief on the contribution. Ms Coles said: "If you already have work to go to when you're made redundant, you can consider 'redundancy sacrifice'.

  • 2 weeks ago | msn.com | Rachel Lacey

    Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.

  • 2 weeks ago | ca.finance.yahoo.com | Rachel Lacey

    Non-earners, those with incomes below the personal allowance, are limited to contributing £2,880 a year – which will be boosted to £3,600 once basic rate tax relief has been applied. Your pension provider will tell you if you are making a withdrawal that triggers the MPAA and, if you proceed, you will get written confirmation within 31 days. Once triggered, the MPAA is permanent – you cannot revert to the standard pension allowance in future tax years.

  • 2 weeks ago | telegraph.co.uk | Rachel Lacey

    If you want to dip into your pension before you've stopped saving or really retired, it's important that you are aware of the Money Purchase Annual Allowance (MPAA) and the impact it will have on your future contributions. Here, Telegraph Money explains what the MPAA is and how it could restrict your ability to grow your pension as retirement approaches. Each year, it's possible to pay 100pc of your earnings, up to £60,000 a year, into your pension and get tax relief on your contributions.

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Rachel Lacey
Rachel Lacey @rachellacey77
5 Mar 24

Could anyone help me with a case study? On the hunt for someone who has completed a Bed and ISA… for a Sunday national. Thanks! #journorequest

Rachel Lacey
Rachel Lacey @rachellacey77
13 Nov 23

Hi, I’m on the hunt for experts who can help me with comments on supermarket shopping - specifically the price difference between Tesco and Sainsburys! Can you help? #journorequest

Rachel Lacey
Rachel Lacey @rachellacey77
19 May 23

Hi, I'm writing an article on easy ways for teens to earn extra cash! If you can help me with some comments or creative ideas please get in touch. #journorequest