Q. I seem to recall reading in your column some time ago there is a preferred way to pay for restaurant bills and other purchases when using your debit card overseas. I am about to go on holiday later in July and wondered if you could repeat that to refresh my memory. A. I think… Read more »
Q. I am approaching 65, my wife is 63, and we have a shortfall on the savings plan to repay our mortgage, which stands at £40,000 when it is due in a few months time. The value of our home is £300,000. We could move to a smaller property, but we are very settled in… Read more »
Q. My Parents have recently retired but are contemplating working part time to pay the remaining mortgage off. My Wife and I are in a position to repay this fully to help them out, but how will this affect our inheritance and will we become owners of my parents home? A. You can indeed pay… Read more »
Q. My mother took out a Lifetime Mortgage around 8 years ago. Now she wants to move home, and repay the loan, but the amount built up in interest and penalties is almost double the amount she borrowed. Surely this cannot be right? A. A Lifetime Mortgage is a type of loan aimed at elderly people with… Read more »
Q. I noticed in the summer budget that tax relief on pension contributions for higher earners was going to be restricted, but didn’t quite understand how. Could you enlighten me please? A. Tax relief on pension contributions will be reduced from 6 April 2016 for those with adjusted earnings over £150,000 per annum. Adjusted earnings… Read more »
