September 2016

Could you still be financially linked to your ex?

Your ex’s finances could affect you more than you realise. 

 
There are many things you know you’ll end up sharing with a partner - children, friends and belongings. But what about unpaid overdrafts? A bad credit score? Joint debts?

Government clarifies how the Lifetime ISA will work

The Government has published its Savings (Government Contributions) Bill which sets out legislation describing how the Lifetime ISA (LISA) will work.

 

Young care leavers are falling into debt because they aren’t receiving any financial education

A charity has claimed that those leaving care are falling into debt and financial difficulty due to insufficient guidance.

 
A report by the Children’s Society says that with no family to support them when they reach adulthood, they are being let down by local authorities and facing harsh benefit sanctions, pushing them into financial difficulty. 

Borrowing money from friends or family

Do you rely on friends and family for money?

 
32% of people in the UK have borrowed money from friends or family, according to research from Equifax.