2018 is zooming past and it’s already time for April’s instalment of The Chancellor Headlines — our rapid round-up of relevant financial news.
Let’s take a look at this month’s summary:
What’s a good pension pot in the UK?
We all know it’s prudent to save as much as possible for retirement and according to Aegon, the average UK pension pot is currently nearly £50,000.
But making the proper provisions to secure comfort in later years can be tricky.
The following article quantifies how much workers of different ages should be putting aside — and includes some crucial dos and don’ts for pension savers.
How changes in the new tax year affect you
Fiscal year 2018-19 is ringing in changes for personal allowance, income tax, national insurance and other factors that affect your wages and bank balance.
They’re a mixed bag — but you might benefit, depending on your circumstances.
So it’s important to find out whether you’ll be tightening your financial belt or feeling a little more relaxed.
UK House prices on the rise
The latest Halifax figures reveal a 1.5% boost in house price figures in March 2018.
The largest monthly rise for six months means the average price of a UK property is now £227,871. And according to estate agents Your Move, the north-west was the fastest growing market in England and Wales.
It remains to be seen whether this spike develops into a long-term surge — but it’s encouraging nonetheless.
Next month’s Headlines will pop up promptly. But if you’d like to chat about the issues we’ve covered in this month’s edition, get in touch soon on 01204 526846.