1 – Give your pension a little love

Pension saving offers some of the biggest guaranteed returns available. It’s not complicated.

We’ve put together a checklist to work through which could save you tax, boost your returns and put your pension on track.



2. Switch energy suppliers

Households could save up to £221 if they switch energy suppliers, but millions don’t bother. This is one of the easiest switch-to-save measures, so get on with it.

Compare energy tariffs across the market
6. Address the debt

If you can’t pay off the debt on your credit card now, give yourself more free time and move it to a balance transfer card. Providers, such as MBNA, are currently offering 0pc interest deals up to 43 months.

Be sure to compare the one-off balance transfer fees as each provider will charge differently.

There are a number of fee-free cards currently available from providers such as Tesco, Halifax and Virgin Money.

See here for more information on our favourite balance transfer cards.



3. Move to a fixed-rate mortgage now, while the rates remain at rock-bottom

Don’t sit in your standard variable rate for too long, if at all.

Charlotte Nelson, of Moneyfacts, the data firm, suggested borrowers with a mortgage of £200,000 over 25 years could save £2,232 in a year if they switched from the average SVR charging 4.62pc to a mortgage rate of 2.31pc – similar to the average two-year fix.

Compare mortgages across the market




4. Ditch the gym membership

Sorry if it’s too late and you’ve already signed up to a contract…

But if not, opt for monthly pay-as-you-go instead – especially if there is a strong likelihood that you will stop going.

Try a “pay-as-you-go” gym (PayasUgym.com) which allows you to buy discounted day bundle or monthly passes in your area. If you want to try a different gym, or to stop altogether, you won’t lose the money that you would have lost with a contract.



Full story here 



For more information about mortgages, savings and pensions please contact one of our One Stop Finance Team Below



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