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Author: Peter McGahan

Pension age is rising, beware and plan!

Pensions

In 2028, the minimum age for access to your pension will rise to 57 from 55. Peter McGahan explains why you should review your expectations.

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Honest conversations: preparing for long term care

News & Views, Care and carers

There comes a time for us all when we need care. Peter McGahan takes a look at the importance of talking openly about and preparing for...

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‘Get rich quick’ and other traps to look out for

News & Views, Finance

Peter McGahan asks, 'What does it mean to make a smart investment?' It's better to consider things carefully instead of buying into trends...

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House damage to first time buyers

Property, Finance

Peter McGahan looks at how young people are being denied a place on the property ladder and explains why a ladder with its bottom rungs missing is not stable.

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Dejá vu and risk of UK house price bubbles

News & Views, Property

Peter McGahan considers why the UK is prone to house price bubbles and how post pandemic savings and attitudes to work could be about to...

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Proven steps to take control of debt burden

News & Views

Peter McGahan looks at how many have slipped into the red for everyday spending and encourages us all to take control of debt....

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Positive steps to mitigate Inheritance tax

Tax

Our last two columns have focused around your property and Inheritance Tax given the surge in house prices.

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Inheritance tax planning: Gifting my house but living in it

Tax

Peter McGahan continues to examine how property ownership and rising prices affect your exposure to inheritance tax. ...

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Inheritance Tax – Huge rise in house prices raises exposure

Tax

Peter McGahan explains how house prices rises have left many with the unwanted burden of Inheritance tax....

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Inflation and mortgage rates beware a rise

News & Views, Property

If you are looking to mortgage or have a fixed-rate due to end, rises in inflation and rates could cause you concern. Peter McGahan explains why.

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Tax efficient redundancy

News & Views, Tax

Peter McGahan considers the post-furlough economy and presents a few tips for you to consider if you are being made an offer of...

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Passive investing losses certain from climate change

News & Views, Savings & Investments

As markets move to meet the UN's sustainable development goals (SDG’s), Peter McGahan argues that apathetic investors risk losses after...

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Interest rates and inflation could see prices soaring

News & Views

May’s increase in inflation was largely down to clothing and footwear but many sectors haven't yet passed on higher prices to consumers...

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Efficient saving, flexible ISA

Savings & Investments

Do you need the freedom to withdraw and then replace funds during the year without it counting toward your tax-free allowance – meet...

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Avoiding financial scams

News & Views • One Comment

UK bank fraud hit a new record of over £479m exacerbated by lockdown and as Peter McGahan reveals the crooks have a finely tuned strategy to separate you from your money.

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Inheritance Tax ISAs

Savings & Investments

Whilst it’s clearly one of the most tax efficient savings plans available, an ISA has one obvious flaw: Inheritance Tax. ...

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Investment bond or collectives

Savings & Investments

Spread your investments across different areas to balance out risk and give you greater flexibility to readjust in line with performance,...

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Where now for PruFunds with profits?

Savings & Investments

In this week’s column: Peter McGahan looks at the woes of PruFund and the with profits bond.

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UK value stocks’ rocketing value

News & Views

Peter McGahan explains what value stocks are and why they are so attractive when inflation rates rise....

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Guaranteed structured investments (not)

Savings & Investments

Peter McGahan explains why products marketed under the term 'guaranteed structured investment' are poorly understood and actually offer...

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Sustainable societies, it’s happening

Savings & Investments

The attraction to sustainable investing for higher returns is growing as we slowly grasp that non-tax paying organisations who pay poorly aren’t classed as a circular economy and contribute little to sustainable societies.

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Greenwashing sustainable investments

Savings & Investments

Green washing is where companies tick a box to prove they meet Environment, Social and Governance standards - even though they are as...

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What is sustainable investing?

Savings & Investments

What is sustainable investing and why are neoliberals and corporations so against it? Peter McGahan explains why you should care. ...

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Is the old investment world gone?

News & Views

Is the old investment world gone? Peter McGahan explains why we can’t expect all previous models to continue to work.

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Tax day soaky damp squid

Tax

Tax day delivered some pretty significant impacts to businesses and individuals who could find themselves having to pay two year’s tax in...

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Will interest rates rise and should I fix?

Finance

Most economists agree, especially post the budget, that inflation will rise. Peter McGahan considers the impact and whether now is the...

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Equity Release advice

Equity Release

There are important considerations to weigh before you commit to an equity release product. Peter McGahan explains why.

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Stamp licking budget

News & Views

Peter McGahan looks at how the 2021 Budget will affect you as a consumer, your mortgage and lifetime allowance for pensions....

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How safe is equity release?

Equity Release

Second of a three-part examination of the pro and cons of equity release products. Written by Peter McGahan. ...

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Property investment

Property

Peter McGahan explains why property investment needs careful management to stand the best chance of positive returns.

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Is equity release a good idea?

Equity Release

Equity release is not a one size fits all solution to deliver additional retirement income or help for your grandchildren. Peter McGahan...

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Upsides of Bitcoin

Savings & Investments

Peter McGahan talks Bitcoin and how in spite of the narrative of people power behind Bitcoin, the reality is the top 2.8% of Bitcoin...

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Trump – End of an Error, launch of ESG

News & Views

America is back. Diplomacy is back. Peter McGahan comments on the Biden administration’s Environment, Social, Governance strategy and what that means for asset managers and dirty fossil fuel stocks.

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Making money resolutions work

Money Saving Tips

2021 is shaping up to be a very challenging year. Here, Peter McGahan tells how to make your new year money resolutions work. ...

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Is the UK stock market about to turn?

News & Views

Peter McGahan considers whether post COVID and Brexit we'll see a surge in the economy or a more punishing downturn....

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Expect the best, prepare for the worst

Finance

The COVID lockdown has prompted many people to re-evaluate life insurance policies and how best to protect their family. Peter McGahan answers some common concerns.

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Taking control of your money in lockdown

Finance

The lockdown has put a lot of people under financial stress, thankfully Peter McGahan has tips for taking back control of your money....

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ISAs and tax efficient investments – the easily lost 22.5%

News & Views

We should all be conscious about the tax efficiency but as Peter McGahan cautions; choose your investment vehicle wisely....

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Drawdown plans top 1 million

News & Views

New data shows the number of drawdown pension plans and the number of those plans that are being transferred.

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Pension tax relief

Pensions

What now for government plans on spending with an untested Chancellor? Peter McGahan explains what it could mean for taxpayers. ...

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Financial Resolutions for peace of mind

Money Saving Tips

It's better to be in control rather than reactionary, and simple financial resolutions can help buffer up your end of year balance, writes...

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25% or 1.49% Interest on your debt

Money Saving Tips

On the road to financial freedom, step one is to face the fear. Peter McGahan explains why confronting that fear and planning are essential steps to managing your future finances.

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New Year’s debt resolutions 2020

Money Saving Tips

As 2020 dawns, Peter McGahan looks at the false psychology of trying to keep up with the Joneses and how retail therapy can lead to...

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Investment inequality: 33% Fall or 65% rise?

Savings & Investments

Unsurprisingly, perhaps, those with the least are the losers in a market that has seen the top one percent grow their wealth by 65 percent....

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The election and your money

Savings & Investments

With a General Election days away Peter McGahan highlights the potential outcomes and implications while cautioning against the impact of a hung Parliament on the UK stock market and Economy.

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£6.6bn in overcharging closet funds

Savings & Investments

Investors using some managed funds are estimated to be losing out to the tune of billions of pounds. Peter McGahan explains how....

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Inheritance Tax on your pension

Pensions

There are many methods to mitigate Inheritance Tax, but a simple one is the use of your pension. Peter McGahan explains....

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A cashless society

Finance

As countries move toward a cashless society, opportunities exist for smart investments. Peter McGahan explains.

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Negative interest rates

News & Views

Peter McGahan looks at why some economies are hedging towards negative interest rate policies and what it could mean for savers and...

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Property investment fund opportunity?

Property

Property funds have been under the spotlight for some time but with continued Brexit uncertainty do opportunities bring value for money?...

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Your pension. 77% or 514%?

Pensions

In a world of never-ending ‘austerity’, making each pound stretch the best it can is everything. This week, Peter McGahan talks pensions.

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Does investment fund size lose you money?

Savings & Investments

Biggest is very rarely best and the size of a fund is no guarantee of positive performance for your investment. Peter McGahan highlights...

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Trump’s Speedos economy

News & Views

Peter McGahan examines how President Trump's Twitter spats come at economic cost for US consumers but also ripple far further afield....

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Chasing the most consistent returns

News & Views

If you are investing for retirement income, Peter McGahan says diversify your investment strategy to ensure consistent returns.

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Worst state pension in the world

Pensions

Many people have been apathetic at studying how well their pension is performing, trusting to luck that their retirement income will be...

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When easy money investments are too good to be true

News & Views

Peter McGahan explains how investors are caught by headlines and marketing blurb, and none can be more so than that of Innovative Finance...

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Over 50s small business owners unprepared for loss of key staff

News & Views

Small business owners over 50 are their risking financial future by failing to protect themselves against loss of key staff. Peter McGahan explains the risks.

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49% saving on Life insurance costs

News & Views

Whether you're a director or an employee, many people are missing out on the easiest of tax breaks by not setting up their life cover...

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Holiday currency rip off prices

Money Saving Tips

When it comes to getting value on your holiday money. Don't stick to what you know. Peter McGahan highlights how you can sidestep the fees,...

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Double edged sword of Woodford criticism

News & Views

The collapse of embattled stock picker Neil Woodord’s fund empire, highlights the risk of putting all your eggs in one basket – no matter how attractive the returns. By Peter McGahan.

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Making money from volatility

News & Views

Volatility can be planned for and managed to produce the returns needed to create financial stability and security for your family, writes...

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Pension performance expectations

Pensions

Do you really understand the health of your pension fund? Peter McGahan questions who is best placed to help you make the most of your...

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Searching for financial mines with your foot

News & Views

The UK is known for its historic higher yields but with the current Brexit stalemate, UK domestic stock’s share prices have been under severe pressure as have their earnings. Peter McGahan explains why a yield-based investment strategy has risks.

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Pay off your mortgage?

Property

Before paying off your mortgage, Peter McGahan says look at what other debts you might have such as credit cards and unsecured loans where...

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Lopsided boat of property investing

Property

Normal conditions mean a normal return, but these are not normal times says Peter McGahan as he outlines the risk of pinning all your hope...

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Tax free life insurance or 55% tax?

News & Views

Peter McGahan has news for the 8.5million breadwinners in the UK who have no life insurance at all – leaving the UK under insured by £263 billion.

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Brexit twaddle and your money

News & Views

Three years on from the referendum and the countdown to Brexit continues to throw uncertainty at our day to day finances, writes Peter...

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The price of filling up

News & Views

In 1990 fuel was 40.2p per litre. In 2018 it was 122p, Peter McGahan examines whether this is just supply and demand or an example of...

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Financial resolutions (part 2)

Money Saving Tips

In the second part of our New Year’s resolutions (the first was on debt management), Peter McGahan cover some of the broader financial planning tips.

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Further falls in markets and your investments

News & Views

With talk of trade wars and market instability, Peter McGahan warns that the cordiality of relations (or lack of) between Trump and...

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Brexit and my mortgage

News & Views

With so much uncertainty around Brexit, Peter McGahan looks at what affects house prices and mortgage rates and whether now is the time to...

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Budget or Bodgit

News & Views

Peter McGahan cast an eye over the Chancellor’s budget statement which brough a freeze on fuel, booze and tobacco and the prospect of a no interest loan scheme for the financially stretched.

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“No-one told me the tide comes in”

News & Views

Peter McGahan takes another look at the shifting sands beneath tech stocks (FAANGs) and how you can protect yourself against market...

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Past performance a guide to the future?

News & Views

Analysing the consistency of investments and opportunities is key to understanding where risk lies, writes Peter McGahan....

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Tips on protecting your family and business

News & Views

There are lots of life insurance products available and as Peter McGahan explains, they should be considered an essential part of protecting your family.

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Equity release providers risk to your money

Equity Release

If you are considering equity release, Peter McGahan ponders a few questions that might make you to reconsider, or dump the idea of...

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Equity release costs to increase?

Equity Release

Many equity release lenders are exposed by the underlying negative equity guarantee and may well have to increase their costings to cover...

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Better mortgages can give you a day off work!

Property

When was the last time you assessed the value of your mortgage? Remember to shop around, fees are different, as are rates – and the benefits of mortgage efficiency very attractive indeed!

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How much can I withdraw from my pension?

Pensions

There are many factors to consider when taking money out of your pension writes Peter McGahan....

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Hidden 7% cost for flights

Money Saving Tips

Holiday season is on its way, so where are the cost savings? Peter McGahan takes a look at slippy hidden costs and points out where you can...

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Is Equity Release right for me?

Equity Release

If you see your property as the safety net for pension shortfall or long-term care costs, there are many things to consider first, writes Peter McGahan.

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Jumping market jitters

News & Views

Peter McGahan says there are obvious points in your financial life to step into or exit financial markets - but this should never be done...

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End of year tax breaks

Tax

Peter McGahan presents some common sense strategies to make the most of your tax allowance as the end of the financial year approaches....

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Management charges on your pension and investments

Pensions

Peter McGahan says the public perception of pension and investment funds being actively managed bears little resemblance to reality.

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Debt domino effect on economy

News & Views

Peter McGahan warns that cheap debt and complacent lending is a dangerous mix with so much uncertainty around the economy....

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House price imperfect storm

Property

Peter McGahan examines how buy-to-let landlords are being hit by new borrowing rules pushing the market down by 17% year on year. ...

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House prices? Should I stay or should I go?

Property

At a time when you may be questioning whether or not to move on or invest in a second property, Peter McGahan outlines the arguments for and against.

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Bitcoin bubble burst? Read between the lines

News & Views

Can the bitcoin survive in the ever-changing market? Peter McGahan explains. ...

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Your financial New Year

News & Views

New Year promises shouldn't just be about getting active, Peter McGahan outlines the financial resolutions you should consider for the year...

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Helicopter Money on the way?

Pensions

Following last week’s column on quantitative uneasing or ‘quantitative tightening’, Peter McGahan questions how deeply this might impact your pensions and investments.

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Dow Jones – a chocolate watch

News & Views

Don't believe everything you hear on the news, cautions Peter McGahan, amid Trump hoorahs for the Dow Jones rising above 20k ...

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Mind the gap

News & Views

UK workers are leaving loved ones and dependents open to extraordinary hardship on top of the pain and despair of loss by not having a will...

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Watch the rain….not the jelly

Property

Remorgaging up by 24%, buy-to-let down 60% year on year, Peter McGahan takes a pragmatic look at effect Brexit and a hung Parliament has had on the housing market.

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Passive investors and bubbles

News & Views

Peter McGahan has a cautionary tale for passive investors and the risk of bubbles to their portfolio....

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Antonym for strong and stable

News & Views

Peter McGahan looks at how coalition government will affect business prospects and says #Brexit hasn't yet happened but it's very...

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What impact will the election result have on my finances?

News & Views

Peter McGahan examines the financial implications of #GE2017 result.

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Our real spending power is falling

News & Views

Peter McGahan examines the impact of inflation on our income and investments and warns worse is to come once Brexit bites. ...

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Sell in May, buy again on St Leger’s day…

News & Views

Peter McGahan explains the positives of buying and selling shares seasonally but cautions it is not a strategy for the risk averse....

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Frexit gone, Italexit a real threat to your investments?

News & Views

Emmanuel Macron’s election victory calmed France, the eurozone and financial markets but few have taken note of the threat to markets of Italy abandoning the EU, writes Peter McGahan.

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