Category: Uncategorized

Bump in the road: the value of advice when life doesn’t go to plan

Bump in the road: the value of advice when life doesn’t go to plan We all like to think we’ve got life under control. A stable job, a roof over our head, savings for the future — or at least a plan to get there. But then something happens. A job loss. A health diagnosis. [...]

Why is it harder for first-time buyers to buy in 2025?

  For first-time buyers in 2025, the property market is in stark contrast to when previous generations bought their first homes. The average first-time buyer in 1960 paid a deposit of just £595 (roughly £12,738 today) compared to an average of £53,424 in 2024. A recent report by Skipton found that just one in eight […]

How Improving Your Credit Score

Credit scores can affect anything from financing to phone contracts and loans. Most importantly, the better your credit score, the higher your chance of being offered a good deal for your mortgage, opening the door to significant savings. Lilac Financial can help you to understand your money, giving you valuable insights into becoming more financially [...]

The pros and cons of downsizing

Downsizing could mean lower overheads as well as the extra cash from the sale of your home. But there are factors to consider before you make the decision. From reducing household bills to boosting retirement savings, there are plenty of reasons why people choose to downsize and move to a smaller property. It’s important to [...]

How financial advice adds more value to your life than you may realise

The cost of living crisis is causing many to re-evaluate the benefits of financial advice. Traditionally, the value of financial advice has been measured by monetary results of investment performance and returns. Today, the cost of living crisis is causing many to re-evaluate the benefits of financial advice. These days, financial planning is about more [...]

Five practical reasons; why you should create a financial plan with your partner

Money and financial goals are still sometimes viewed as taboo subjects, even within relationships. If you’ve been putting off conversations about finances, creating a plan together could have many benefits. Actively talking about money can be positive for both you and your loved ones, and research suggests it’s something younger generations are more likely to […]

Pension lifetime allowance – how it affects you

In his 2021 Budget, the Chancellor announced a five-year freeze on the lifetime pension allowance. What does this mean for you and your retirement fund? What is the lifetime pension allowance? The lifetime pension allowance sets a limit on how much you can save in your pension before you start paying tax on anything over [...]

National Insurance: New Health and Social Care Tax & How Will It Affect Me?

The government has announced an extra tax to fund social care in England, and help the NHS recover after the pandemic. But there has been criticism - including from within the Conservative Party - that it will be unfair on younger people and the lower paid.     What are the new plans? Employees, employers [...]

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