Economic Review – March 2019

Economic Review – March 2019

Welcome to the latest edition of the Economic Review, this article is designed to keep you informed about general updates in the financial sector.

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When you’re self-employed you need to protect yourself

When you’re self-employed you need to protect yourself

You might be tempted to think of self-employment as being your own boss.  That’s true, but you are also your own HR department and finance department as well.  Those in formal employment may have access to in-work benefits in the case of ill health and a formal redundancy process, with appropriate payoff, if they find themselves surplus to requirements at their place of employment.  Those in self-employment, however, need to take care of themselves and there are some key points they should consider.

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The practicalities of property ownership

The practicalities of property ownership

Romance can make the world a brighter place but as any long-term couple will know, in day-to-day life there are a lot of practicalities to consider when it comes to making a relationship work.  One of these is considering how assets will be managed, in particular, who actually owns them and who pays for them.  A property is generally a huge asset, so it makes sense to give serious consideration to the formalities of its ownership.  Here are some common scenarios and points to consider with regards to each of them.

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Taking control of your retirement savings

Taking control of your retirement savings

If you are in a workplace pension scheme, then the mechanics of saving for a pension should be fairly straightforward in that you can make pension contributions directly from payroll. If you are not, then there are alternative ways of making pension savings, such as saving via private pensions. Even if you are in a workplace pension, it’s worth remembering that workplace pensions are just one vehicle for retirement savings.  You can save for your retirement in other ways as well as having a workplace pension. Whatever approach you take, there are five basic rules which can be applied to most, if not all, situations.

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