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Emma Banks 
Head of Corporate Communications
[email protected]
01273 061447 / 07894 158605

Laura Barban
PR Executive
[email protected]
01273 061377

Press releases

OneFamily Advice to offer holistic retirement planning through Finance Planning Group partnership

OneFamily Advice has agreed a partnership with Finance Planning Group, to enhance its retirement financial planning services.

OneFamily Advice offers financial advice for homeowners wishing to release equity from their home with a lifetime mortgage. The new partnership will mean that customers of OneFamily Advice will now also be able to access advice on other retirement funding options such as retirement interest-only mortgages, mainstream mortgages and inheritance tax planning.

16 July 2018


It’s a family affair: Junior ISA benefitting from multiple investments as friends and family come together to save for children’s futures

OneFamily data has revealed that one in five (18%) Junior ISAs now have more than one person investing in them, as families and friends save together for children’s future.

Junior ISAs are a long-term children’s savings product. £4,260 can be paid in a year and the money saved is tax-free. They have the added benefit of allowing anyone to pay into them so family members and friends can help build a healthy nest egg for a child’s future.

9 July 2018


The route to retirement: Lifetime ISA could fund majority of retirement if savers invest from a young age

A Lifetime ISA could contribute as much as 83% of the required retirement savings of today’s young adults (£578,000), if they start taking advantage of their allowance as soon as they are eligible, according to research from OneFamily[i].

An 18-year-old saving the full allowance towards their retirement could save £482,046 by age 60, based on an assumed 5% annual growth from an investment Lifetime ISA. This is nearly four times more than most people will see from state pension pay-outs, based on an average 17-year retirement (£145,285). In Government bonuses alone, they would earn £32,000 – which accounts for nearly a whole year’s worth of income based on the retirement expectations of people aged 18-34 (£34,000).

3 July 2018


Nearly £7 billion a year in free Government funding left untouched by first-time buyers

OneFamily research has revealed of the 7.4 million first-time buyers in the UK eligible for a Lifetime ISA[i], only one in twenty (6%) are taking advantage of the additional £1,000 savings top-up a year being offered by the Government.

The Lifetime ISA was introduced to replace the Help to Buy ISA and help first-time buyers, between the ages of 18 and 39, to get on the property ladder. A maximum of £4,000 can be saved each year and the Government will top this by 25%, up to £1,000 a year. If all eligible first-time buyers took a Lifetime ISA and paid in the full amount, the bonuses paid by the Government would be £7.4 billion every year.

26 June 2018

 

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