Money Saving News for September 2008
- Women worry more about retirement - 4th September, 2008
Prudent minds – number 1 for pensions advice
Women may be more inclined to seek pensions advice than men as new research shows they worry more about retirement.
According to a survey conducted by YouGov for The Hartford, 54 per cent of women aged 45 to 54 fear they will run out of money before they die... - Government raises stamp duty threshold - 3rd September, 2008
Prudent minds – number 1 for property investments
In a bid to breathe life back into the housing market, the government has temporarily raised the threshold above which stamp duty is charged on property investments.
Chancellor Alistair Darling said that between September 3rd this year and the same date in 2009, transactions on residential properties worth £175,000 or less will be free of the tax... - Outlook 'positive' for professional buy to let investors - 3rd September, 2008
Prudent minds – number 1 for buy to let mortgages
While amateur landlords may face difficulties, the outlook for professional buy to let property investors remains positive, according to a survey of mortgage brokers.
The poll, by The Mortgage Works, revealed that 49 per cent of brokers expect professional landlords to add to their property portfolios this year... - Quarter of car buyers 'relying on cheap loans' - 3rd September, 2008
Prudent minds – number 1 for cheap car insurance quotes
Over a quarter of people planning to buy a new car in the near future intend to use a personal loan to fund their purchase, new research shows.
According to a survey by Sainsbury's Finance, some 6.85 million consumers expect to buy a car between now and next March, spending a total of £49.6 billion... - Barclays offers new life insurance product - 2nd September, 2008
Prudent minds – number 1 for cheap life insurance
Barclays has launched a new life insurance product which it claims offers "affordable and reliable cover" and provides peace of mind for families.
The policy comes with a number of extra offers, including a 15 per cent discount on premiums and £15 worth of Marks and Spencer vouchers... - Credit cards used to fund overspend - 2nd September, 2008
Prudent minds – number 1 for balance transfer credit cards
Britons are using their credit cards to fund monthly overspending, according to new research from the online payment service PayPal.
It found that as a result of financial difficulties, some 78 per cent of consumers now set a monthly budget to help them manage their money... - Standard Life issues pension advice - 2nd September, 2008
Prudent minds – number 1 for pensions advice
Standard Life is issuing some pensions advice by urging consumers not to rely on inheritance to fund their retirement and to start making pension provisions now.
Research by the financial services provider revealed that 22 per cent of adults between the ages of 26 and 35 are hoping to live off their inheritance in their twilight years.
However, it also shows that 55 per cent of people aged 55 to 65 are feeling worse off today than they did a year ago, with 45 per cent expecting to be worse off in another 12 months' time, suggesting a large inheritance may not be forthcoming... - Savings used to fund home improvements - 1st September, 2008
Prudent minds – number 1 for savings accounts
The majority of homeowners carrying out improvements on their property are dipping into their savings accounts to fund them, it has been revealed.
According to research from Halifax, 80 per cent of those who have redecorated or refurbished their home in the past year have used their savings to finance some or all of the work... - Internet banking 'helps consumers to budget' - 1st September, 2008
Prudent minds – number 1 for banking.
Internet banking can help consumers stick to a budget because it gives them an "exact picture" of their finances, it has been claimed... - Shopping around 'can cut car insurance costs' - 1st September, 2008
Prudent minds – number 1 for cheap car insurance quotes.
One of the best ways to cut the cost of car insurance is to shop around, according to the Association of British Insurers...