According to new research from insurer SunLife, four in five grandparents are providing some form of childcare for their grandchildren.
As a result, grandparents save a collective £22bn in childcare costs for UK families.
Grandparents who provide regular care and support for their grandchildren could be entitled to receive childcare credit.
Childcare credit is a National Insurance credit introduced in April 2011, available if you’re a grandparent or another family member who cares for a child under 12, usually while their parent or the main carer is working.
Brexit shenanigans dominated the headlines last week as the UK’s departure from the EU drags on, and on, and on. While Prime Minister Johnson eventually reached a majority agreement, it failed to go to a vote in the House of Commons
Life expectancy is important when calculating how much you need saved in pensions, ISAs and other savings and investments, in addition to the State Pension, to fund the lifestyle you want to live.
Not giving it any thought is the equivalent of setting off on an adventurous road trip without knowing if you have enough fuel to get to your destination. Except there are no petrol stations, there is no can of fuel in the boot and nobody can give you a lift.
Rising private school fees are placing an increasing financial strain on parents, regardless of Labour or Conservative party plans for Private School fees. Many parents consider independent education to be the best choice for their children. But they are increasingly turning to alternative options to make this private schooling achievable. That’s according to a new…
When it comes to complicated, the UK is building a monopoly. Having already lost eight commons votes since becoming Prime Minister, Boris Johnson made it nine with defeat on Saturday, a record not seen since Lord Rosebery in 1894.
Investors, entrepreneurs and buy-to-let landlords face substantially higher rates of capital gains tax if the government accepts new recommendations for reform of the system.
It was a rather lively week in financial markets, from the perspective of a UK-based investor. Sterling strengthened considerably against all major currencies, as markets anticipated a break-through in the long march to a Brexit deal. As Sterling strengthened, Global Equities as measured by MSCI ACWI were down -2.7% in GBP terms and the FTSE All Share index of UK Equities rose +1.61%. On the Fixed Income side of our portfolios, Global Bonds hedged to GBP returned -0.9% – but this considerably outperformed Sterling Bonds which returned -1.75% for the week.
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The date you select for your retirement can have a significant impact on the value of your pension pot.
That’s because the default investment option for many pension plans, and especially company pension plans, involves reducing the risk of underlying investments, the closer you get to that chosen retirement age.
Last week, ISM data was released, this is a measure of new orders, production, employment, supplier deliveries and inventories; in essence, a measure of productivity. The key number to be cognisant of is 50, above 50 indicates an economy is in expansionary territory, below 50 indicates contraction and potential recession. Data for US and China did not make for happy reading, with German manufacturing data especially worrying, falling to 45.7 from 47.
Opting out of your workplace pension might seem like a good idea in the short term.
After all, by opting out, you get a little more in your pay packet each month, which will undoubtedly help with the ever-rising cost of living.
But opting-out comes at a significantly high cost in later life.