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The Lifetime ISA

savings-streetAs announced in the 2016 Budget, the new Lifetime ISA will offer either saving towards retirement or a first mortgage for people aged between 18 and 40. The Government proposed that an individual can save up to £4,000 each year and receive a government bonus of 25% on saving which equates to a bonus of up to £1,000 a year.

Much like an ordinary Individual Savings Account (ISAs), the money can be invested as cash – or in stocks and shares. Cash LISAs are expected to pay out the same as ISAs.

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Your Autumn News Bulletin


pumpkin-green-1401364-638x450The end of high-interest current accounts?

The news that Santander had slashed in the interest rate on its market-leading current account from 3% to 1.5% did not surprise experts, who calculated the deal that has attracted 3 million customers  was costing Santander as much as £1 billion a year.

The 123 account pays the high rate on balances of between £3,000 and £20,000 and had attracted savers unable to get anywhere near the 3% interest rate elsewhere. Other banks with similar products have also said they are reviewing their rates following the cut in the Bank of England base rate in August.

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Inheritance Tax – it’s more important than ever!

The number of UK millionaires is on the rise!

NFU Mutuals’ analysis of HM Revenue and Customs’ (HMRC) UK Personal Wealth Statistics found that the number of millionaires in the UK is on the rise.

In 2001 just 174,000 people held more than £1 million in assets. Between 2008 and 2013 the number of UK millionaires rose by 27%, standing at just over 409,000 at the end of the period. 2010 saw a vast increase in the number of millionaires reaching over half a million. During this time, the increased wealth was attributed to a rise in property prices and share prices.



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Burwarton Show 2016

The stand (edit)
With another busy month at Matrix Capital behind us, we look back to one day that stands out in particular.

On Thursday 4th August 2016 the Matrix team took a day out of the office to host a stand at the 125th Anniversary of the Burwarton County Show.

Burwarton Show is one of the largest one-day shows in the Country. Every year thousands of people flock to the small village of Cleobury North, only a stone’s throw from Matrix Capital, to take part in hundreds of classes and see the attractions. 2016 was certainly no exception!

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The Truth About Interest Rate Cuts

bank-loan-concept-3-1236202-1279x852As you may have been aware, the Bank of England had been speculating for some time over cutting interest rates. Well, they’ve done it! As of August 2016 Interest Rates were cut from 0.5% to 0.25%.

We’ve all heard the general statement that this cut is “bad for savers and good for borrowers” but what does it actually change when it comes to our finances? Most Britons fall into both the “saver” and the “borrower” category so it’s likely to affect the majority of us.

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Brexit: The Breakdown

The Vote

On Friday 24th June 2016, Britain awoke to the news that they were to leave the European Union after a 51.9% vote to leave trumped a 48.9% remain vote. Although at a first look Britain appeared to be divided down the middle, the leave/remain vote was more determined on the geographical location and the age of the voter.

A YouGov poll that was released on the 24th showed what percentage of voters in various age ranges voted remain. The results proved that the younger the generation, the higher the percentage of Remain voters.

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Matrix Capitals’ Annual Rowton Brewery Trip

On Saturday 11th June 2016, Matrix Capital took a small group of clients and professional connections David, rob, Graham and Jimon a trip to Rowton Brewery, a quaint local microbrewery built in a converted Victorian cattle shed on a family farm based in the village of Rowton near Telford.

This small brewery has a reputation for big flavour when it comes to their home brewed ales. Jim Preston and his son Steve kindly offered us a day in the Brewery with two barrels of their famous Ale on tap for the group to sample.

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Planning ahead for the next generation

As we get older, we begin to think about how we can help influence and support the next generation. We want either what we gift or leave behind to help them along their way. But how do you ensure that the money remains safely in the hands of the intended

Children – The best possible start

There are many products that can benefit children financially, right from birth.

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Changes to Anti-Money Laundering Regulations


Lately, the changes to anti-money laundering regulations have been cropping up throughout the news and various financial services websites and magazines. But are you aware of what money laundering is and how remaining vigilant keeps your money safe?

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Brexit: The big Question

“To be?  Or not to be? That is the question.”united-nations-flags-1207351

Or at least it is when it comes to the controversial June referendum.

Brexit (Britain-exit) is the word on everyone’s lips.  We’ve heard a lot of rumours and opinions surrounding the call for Britain to leave the EU, but what are the hard facts about the referendum? Here are some of the answers to the big questions.

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