Money Bulldog http://moneybulldog.co.uk Personal Finance One Bite at a Time Fri, 15 Feb 2019 01:49:45 +0000 en-US hourly 1 Early Exit Fees – Should You Switch Gas & Electricity Supplier? http://moneybulldog.co.uk/early-exit-fees-should-you-switch-gas-electricity-supplier/ http://moneybulldog.co.uk/early-exit-fees-should-you-switch-gas-electricity-supplier/#respond Fri, 15 Feb 2019 01:49:43 +0000 http://moneybulldog.co.uk/?p=20714 When most of us come to the end of our Gas and Electricity fixed rate deal, we search the market to find the best deals available. Sometimes these deals come with early exit fees attached, often up to £60 for dual fuel tariffs. So, when we sign up to these deals, we conclude that we’d

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When most of us come to the end of our Gas and Electricity fixed rate deal, we search the market to find the best deals available. Sometimes these deals come with early exit fees attached, often up to £60 for dual fuel tariffs.

So, when we sign up to these deals, we conclude that we’d be crazy to consider switching again before your current deal comes to an end, right?

While this could be correct most of the time, there may be occasions where it might make sense to pay the early exit fee on your energy deal and move to a new supplier.

Let’s consider when this might be true.

Should You Pay an Energy Early Exit Fee?

Nobody likes to pay an early exit fee. It feels like you’re just throwing money down the drain, doesn’t it? What, though, if paying the fee could actually enable you to save money in the long run?

This might be the case if there is a steep rise in energy prices over a short period of time.

Recently, for example, there has been a steep rise in the cost of wholesale energy prices paid by UK suppliers. This has even led to Ofgem having to raise a recently imposed cap on energy prices by around 10% starting in April.

If costs continue to rise in the wholesale markets due to depleted wholesale gas supplies in the coming months, then this could mean that you will be paying a lot more for a new fixed rate deal in a few months time than you would right now.

When it Might Be Worth It

As an example, let’s say that you could secure an energy deal today which means you would pay around £1,200 for your Gas and Electricity over the next 12 months. Let’s then imagine that in three months time prices rise by 10%. This could result in you paying £1,320 over the year for your fixed rate deal.

In the above case, we can see that taking a hit of £60 might actually result in you saving money. Not only this, but you would be safe in the knowledge that your payments will remain the same for the next 12 months.

While it’s true that you might lose out if prices don’t rise, you could equally be even better off if prices were to go up by more than 10%. This might sound a little unreasonable, but it might not be so crazy.

What if we were to have another ‘Beast from the East’ style event in March, for example? Especially while wholesale supplies are already depleted? It’s easy to see how this might push prices up further. It might even create the perfect storm for energy prices, just when you are looking for a new fixed rate energy deal.

Early Exit Fees - Should you switch energy supplier?

Weigh up the Pros and Cons

To be clear, I’m not saying that everyone should go out and switch energy supplier tomorrow. What I am saying is that paying an early exit fee on your energy deal might not always be so crazy. If you feel that it might save you money in the long run, then it can sometimes make sense. If you are considering doing this, do your best to weigh up the potential pros and cons and then make an informed financial decision.

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AA ISA and Savings Account Review http://moneybulldog.co.uk/aa-isa-and-savings-account-review/ http://moneybulldog.co.uk/aa-isa-and-savings-account-review/#respond Sat, 09 Feb 2019 00:07:31 +0000 http://moneybulldog.co.uk/?p=20702 In this AA Savings Accounts and ISA review, we take a closer look at the savings products offered by this well-known UK service provider. to help you decide if one of their online savings accounts might be the right choice for you and your cash. While the AA is probably most well-known for its UK

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In this AA Savings Accounts and ISA review, we take a closer look at the savings products offered by this well-known UK service provider. to help you decide if one of their online savings accounts might be the right choice for you and your cash.

While the AA is probably most well-known for its UK breakdown cover, these days the company now offers a wide range of other services too. These services include financial services such as travel insurance, credit cards and also savings accounts. Today we’ll be looking more closely at their savings products.

The AA currently offer 4 different types of savings account on their website. These are the Easy Saver, Member Saver, Easy Access ISA and a Fixed Rate ISA. All of these accounts can be managed online but each one comes with different benefits and features. So, let’s examine them one by one to help you decide which one might be right for you.

The AA Easy Saver

At the time of writing, the AA Easy Saver account has an interest rate payable of 1.36% gross variable for the first 12 months.

The fact that it is easy access means that there are no penalties or notice periods required if you want to withdraw your cash at any time. You also won’t be charged for withdrawals.

As with all other AA savings accounts, you can manage your account and also apply online.

One important thing to note with the AA Easy Saver account is that it comes with a fixed bonus – 1.16% at the time of writing – taking the rate payable for the first 12 months up to 1.36%. The fixed bonus is only payable for the first 12 months from the date your account is opened. After the 12 months, the interest rate payable on the account will drop to 0.2%. This means you may want to look at moving your money elsewhere at this point to find a better rate.

Interest on the Easy Saver account is paid annually on the anniversary of your account opening. Interest is paid gross.

You will need a minimum deposit of £100 to open an AA Easy Saver account. After this, you can save on a flexible basis with regular or lump sum deposits. You must maintain a minimum balance of £100 to keep the account open.

AA Member Saver

The AA Member Saver is an exclusive savings account which has been created to reward the loyalty of AA members.

The AA Member Saver comes with an interest rate of 1.37% variable at the time of writing. The interest is again paid annually on the anniversary of your account opening and it is paid gross.

The Member Saver account does not come with a 12 month bonus rate. This means there may be less need to move your money if the rate remains competitive with easy access accounts offered by other providers.

With the AA Member Saver, it is easy to access your money with no penalties or notice periods required. As with the other AA savings accounts you will need a minimum deposit of £100 to open the account. This minimum balance needs to be maintained throughout the life of the account.

Once opened, you can save on a flexible basis with regular or lump sum deposits. You can also manage your account online or over the phone 24/7.

AA ISAs

Now we come to our review of the AA ISA accounts.

When you save money via an AA ISA, you are not limited to saving in just one product type. Instead, you can save in both their Easy Access and Fixed products as part of one ISA. Be sure you don’t exceed your annual ISA allowance, though.

Keep this in mind as we look at both the Easy Access and Fixed ISA products from the AA.

The AA Easy Access ISA

The AA Easy Access Cash ISA currently pays an interest rate of 1.16% variable. This includes a fixed 12 month bonus of 0.96%. As this is an ISA, the interest is paid tax free.

After the first 12 months the interest rate payable will drop to 0.2% tax free. So, you may decide to move your money elsewhere at this point to look for a better rate.

If you haven’t paid into other ISAs then you can pay in up to £20,000 during the current tax year. Don’t forget you can also split some of this amount across the AA’s fixed ISAs too if you desire.

You can open an AA Easy Access ISA with a minimum of a £100 deposit. You can also transfer in an ISA held with another provider.

Interest is calculated daily and it is paid in March.

The account comes with unlimited free withdrawals. There is a minimum withdrawal amount of £10 or the full value of the product if it is less than £10.

You can again manage your account online 24/7 but AA ISA accounts can’t be managed over the phone.

The AA Fixed Rate ISAs

The AA offer both a One Year and a Two Year Fixed Cash ISA. These currently pay interest rates of 1.36% and 1.51% respectively.

As this is a fixed rate account, the AA limit you to one deposit per fixed rate product. You can, however, open as many fixed rate products as you like.

The minimum deposit required per Fixed Rate ISA product is £500. You can also transfer in ISAs held elsewhere if you would like to.

Interest is calculated daily but is paid annually on the anniversary of your opening the account.

With this being a fixed rate account, you will be charged a fee if you withdraw your money early. That being said, there is no breakage charge if you change your mind within 14 days after opening the account.

Is Your Money Safe With the AA?

Now that you know more about what each AA savings account and ISA offers, you may be wondering if your money is safe when you save with the AA?

The good news here is that, as all of the money you save with the AA is deposited with the Bank of Ireland UK, your savings will be eligible for FSCS (Financial Services Compensation Scheme) protection up to a maximum of £85,000.

You Don’t Need to Be a Member

We hope that this AA savings review has helped you to come to a decision over whether you want to open an account with the company. Remember, you don’t have to be a member to save with the firm, as they offer several non-member accounts too.  

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How Much Do You Need to Save for Retirement? http://moneybulldog.co.uk/how-much-do-you-need-to-save-for-retirement/ http://moneybulldog.co.uk/how-much-do-you-need-to-save-for-retirement/#respond Tue, 05 Feb 2019 18:51:43 +0000 http://moneybulldog.co.uk/?p=20696 (The following is sponsored content) There’s a lot of talk about saving for retirement these days. It’s clear that as a nation, most in the UK simply aren’t saving enough. But what is enough exactly? How much will you need for your retirement? And how much will you need to put away now in order

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(The following is sponsored content)

There’s a lot of talk about saving for retirement these days. It’s clear that as a nation, most in the UK simply aren’t saving enough. But what is enough exactly? How much will you need for your retirement? And how much will you need to put away now in order to get there?

The trouble with the questions mentioned above are that there are many variables at play. Today we’ve teamed up with Profile Pensions to consider some of them.

What Are Your Circumstances Now?

Firstly, we all earn different amounts of money annually. This means that some people will have to save more than others in order to maintain their current lifestyle. Also, some people might have saved for a pension previously, while others may have no pension savings at all. Coming late to the game will obviously mean you will have to save more than someone who started when they were young.  

What Kind of Lifestyle Do You Want in the Future?

Then we have the question of what kind of lifestyle you want to have in retirement. Do you want to have a modest lifestyle or a comfortable one?

When we say ‘modest’ lifestyle, we are really talking about an adequate one. A lifestyle where you aren’t worried too much about buying food or other essentials, but where there might not be much extra money for treats.

When we say ‘comfortable’, we’re not talking about a retirement where you can afford to jet off around the world all year either. Instead we mean a lifestyle that allows for the few extra treats that a ‘modest’ lifestyle might not.

The reality for most people is that they will only be able to afford one of the two lifestyles mentioned above. So how much will you need for each of these options?

How Much Will You Need?

While it can be frustrating trying to work out how much you will need to save to enjoy either of the retirement lifestyle options mentioned previously, it isn’t impossible. Why not have a play around with the pension calculator from Profile Pensions, for example?

Profile pensions are a pension tracking and consolidation company who offer impartial pension-related advice.

Their pension calculator has been designed specifically to help you work out how much you will need to save in order to enjoy either a ‘modest’ or ‘comfortable’ lifestyle in retirement. You will need to answer a few simple questions and the calculator will then give you an overall figure as to how much you will need.

You can even use a slider on the calculator to change the age that you wish to retire. This will then show you how much extra you will need in the pot to enjoy an early retirement.

We can see that there are many factors to take account of when deciding how big a pension pot you will require. Using a pension calculator is a good first step to help you work out how much you might need, though.

With investment comes risk and you may get back less than you invest.

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Get 50% Off Your First Purchase of up to £100 With Amazon Business http://moneybulldog.co.uk/get-50-off-your-first-purchase-of-up-to-100-with-amazon-business/ http://moneybulldog.co.uk/get-50-off-your-first-purchase-of-up-to-100-with-amazon-business/#respond Mon, 28 Jan 2019 19:11:43 +0000 http://moneybulldog.co.uk/?p=20635 Amazon has been supplying office related products for a long time now. Recently, though, it has intensified its efforts to get into this lucrative space. As a part of this effort, Amazon are offering new business account customers 50% off their first purchase of up to £100 when they open a new Amazon Business Account*

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Amazon has been supplying office related products for a long time now. Recently, though, it has intensified its efforts to get into this lucrative space.

As a part of this effort, Amazon are offering new business account customers 50% off their first purchase of up to £100 when they open a new Amazon Business Account* using one of the links in this post. You’ll need to sign up before 16th of February 2019 to qualify for the discount.

What Is Amazon Business?

Amazon Business is described by the company as a business-to-business marketplace. This is where multiple business sellers compete with one another over customer orders of office related items. This ensures that business owners always get the best value on the office supplies they order.

Amazon have also added various features to this type of account which will be useful to businesses of all sizes. These include finance related features and business functionality features. You can find out more about these features on this page*.

Is There a Fee for Amazon Business Accounts?

No, it is free to open an Amazon Business account. This is true even if you have multiple people purchasing on the account, making it a good alternative to warehouse clubs and some other online retailers who charge a subscription fee.

Amazon Business Account Features

Amazon Business Accounts come with some special business specific features. These include:

  • Bulk Pricing
  • Pay By Invoice
  • Downloadable VAT Invoices
  • Spend Management Tools
  • And More…

Not only this but in the UK, buyers can get free one day delivery on order over £30.

How Does the Promotion Work

Once your Amazon Business account has been verified you will receive an email within 3 working days, this email will contain your 50% off promotion code. You will then be able to redeem this code at the checkout.

Recap of the Deal

So, if you use Amazon for many of your individual purchases then why not take advantage of this great opportunity to test out Amazon Business and save some money in the process.

Just to recap, the deal on offer is 50% off your first purchase of up to £100 when you open a new account with Amazon Business*. To qualify for the offer remember to click through via one of the links in this post.

Don’t forget, you’ll need to sign up by 16th February 2019 to qualify for the discount.

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5 Simple Tips To Sort Out Your Pension http://moneybulldog.co.uk/5-simple-tips-to-sort-out-your-pension/ http://moneybulldog.co.uk/5-simple-tips-to-sort-out-your-pension/#respond Fri, 25 Jan 2019 16:02:03 +0000 http://moneybulldog.co.uk/?p=20616 It’s true to say that for many people the thought of sorting out their pension arrangements can be truly daunting. As soon as they try and look into it, they are often confronted with a lot of financial jargon they simply don’t understand. On top of this, the mass of companies and options on offer

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It’s true to say that for many people the thought of sorting out their pension arrangements can be truly daunting. As soon as they try and look into it, they are often confronted with a lot of financial jargon they simply don’t understand. On top of this, the mass of companies and options on offer can be overwhelming.

If you feel this way then don’t despair and don’t give up. In this post, we’ll be stripping away all of the jargon to give you 5 simple tips to help you get your pension arrangements in order and keep them that way.

Tip 1 – Review Your Current Arrangements

The first thing you need to do is to find out what arrangements you currently have in place. This could involve talking to your current and previous employers to see what workplace pensions you might have. Also, if you have any kind of personal pension, then it would be good to check how this is performing.

Some companies – like PensionBee – let you combine all your work pensions into one new fund, which might make things a little easier to understand.

Tip 2 – Decide What Retirement You Want

The next tip would be to decide on what kind of lifestyle you would like to have during retirement.

Try to be realistic. If you’re late to pension saving then it simply might not be possible to have a lavish lifestyle in retirement. But that doesn’t mean that you have to settle for life being a struggle either.

Tip 3 – Find Out How Much You Need

When you’ve made a decision as to what kind of lifestyle you want during retirement, you can then work out how much you’re going to need to contribute towards a pension to attain it.

An easy way to do this would be to make use of an online pension calculator*.

Tip 4 – Decide on a Provider or Get Advice

After you know how much you’re going to need to put away to have the retirement you want, it will then be time to choose a pension provider or plan.

If you feel you are pretty clued up financially then you may feel comfortable choosing one yourself. To go down this route it would be good to do as much research as you can. Make use of free online investment guides* and also look at the reviews people have given to the pension companies you are considering.

If you’re a little nervous, however, then it might be best to seek some advice. You could do this by finding a local independent financial advisor* or by making use of any free advice offered by the government.    

Step 5 – Regularly Review Your Position

Finally, try to remember that sorting out your pension isn’t a one time event. There are many things that will happen in life that could mean that you need to review your pension arrangements.

If you don’t have a professional advisor looking after your pension for you, then it makes sense to review your pension regularly. This will ensure that you are still going to meet your goals.

It’s Worth the Effort

So, if you are feeling daunted by the thought of sorting out a pension, keep calm. Start with the easy steps mentioned above and then go from there. It will be well worth the time and effort getting it sorted now, rather then regretting it later in life.

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Multi Pet Insurance Discounts – Who Offers the Best Deal? http://moneybulldog.co.uk/multi-pet-insurance-discounts-who-offers-the-best-deal/ http://moneybulldog.co.uk/multi-pet-insurance-discounts-who-offers-the-best-deal/#respond Wed, 23 Jan 2019 16:54:58 +0000 http://moneybulldog.co.uk/?p=20604 Pet insurance can be expensive, especially when you are insuring more than one pet. To win your business most pet insurance providers will offer some kind of multi pet discount with their policies. But which UK pet insurance company offers the best multi pet discount? Let’s look at 3 popular pet insurers to see what

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Pet insurance can be expensive, especially when you are insuring more than one pet. To win your business most pet insurance providers will offer some kind of multi pet discount with their policies. But which UK pet insurance company offers the best multi pet discount? Let’s look at 3 popular pet insurers to see what they have to offer.

Petplan Multi Pet Discount

Let’s start with one of the most well known UK pet insurers in Petplan*. While most pet insurance companies will offer a percentage discount, Petplan take a slightly different approach. With Petplan you can get a fixed amount of £12 off your policy per pet, per year. You can insure up to five pets on this basis including cats, dogs and rabbits. On top of this, Petplan also offer the flexibility to set individual levels of cover for each of your pets and to add additional care options where required. This should help to ensure that you only pay for the cover that you really need.

Bought by Many Multi Pet Discount

Next we look at a slightly newer UK pet insurer in Bought by Many Pet Insurance. After spending many years helping its members harness the power of group buying in order to get the best insurance quotes, Bought by Many decided to create its own policies. The idea was to design policies that solved many of the common problems pet owners faced when insuring with others.

As we mentioned earlier, when it comes to multi pet discounts most pet insurance providers offer a percentage discount. This is the approach Bought by Many have taken and they offer a generous 15% multi pet discount on their policies. In fact, this is the biggest multi pet discount available in the UK at the time of writing.

Agria Multi Pet Discount

Finally we look at the company who invented Pet Insurance back in 1890, Agria. Perhaps best known for their Lifetime Insurance cover, Agria also offer a multi pet discount of 5% when you insure more than one pet with the company. Agria insure cats, dogs and rabbits and you can easily get a quote online.

Summary

Hopefully this post has given you a good idea of where to find the best Multi Pet Insurance Discounts in the UK. As we can see, the discounts on offer vary quite a lot between insurers. Some offer a set amount off a policy when you insure more than one pet, while others offer a percentage discount. The amount of pets you can insure on one policy also differs from company to company.

Also, don’t forget to do the maths when working out the true value of the multi pet discount being offered. If one quote is double the cost of another, for example, the even a 20% discount on the higher quote would not make it a great deal.

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What Are Innovative Finance ISAs and Who Might Want One? http://moneybulldog.co.uk/what-are-innovative-finance-isas-and-who-might-want-one/ http://moneybulldog.co.uk/what-are-innovative-finance-isas-and-who-might-want-one/#respond Tue, 22 Jan 2019 16:36:12 +0000 http://moneybulldog.co.uk/?p=20599 As we approach the end of January, many people will be looking to the ISA deadline in April and wondering how best to make the most of their ISA allowance. With this in mind, we thought we’d talk a little bit about Innovative Finance ISAs today for those who might want more information about them.

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As we approach the end of January, many people will be looking to the ISA deadline in April and wondering how best to make the most of their ISA allowance.

With this in mind, we thought we’d talk a little bit about Innovative Finance ISAs today for those who might want more information about them.

What Are Innovative Finance ISAs?

Innovative Finance ISAs were introduced by the Government in 2016. They are a way for investors to get involved with peer to peer lending while at the same time enjoying the benefits of investing via an ISA. Since then many well known companies have launched this kind of ISA and they are growing in popularity.

How Do Innovative Finance ISAs work?

When you invest your money via an IFISA, the company you invest with will lend out your cash on your behalf. You will then, in turn, earn interest on those loans. While there is some risk involved as with any investment, most IFISA providers put in place ways to mitigate this risk.

One well known peer to peer lender RateSetter*, for example, have something called a provision fund which is designed to protect investors should a borrower default on a loan. They also take care to only lend money out to worthy borrowers.

This is slightly different to the approach taken by another popular IFISA provider easyMoney*.

easyMoney don’t lend to everyday borrowers. Instead, they lend out to property professionals who are looking to finance a property purchase. To help protect your investment, easyMoney take security on the property that is bought.

To learn more about the IFISA providers mentioned here check out the following reviews on our blog.

Why Choose an Innovative Finance ISA?

The main attraction of IFISAs are the increased potential rates of return on offer when compared with simply placing your savings into a Cash ISA. As we mentioned earlier, IFISAs are investment ISAs. This means that your capital is at risk in a way that it wouldn’t be in a savings account. With savings rates remaining so low, though, many savers are starting to think a little more outside the box in order to achieve a better return on their cash.

How Much Can You Invest in an IFISA?

If you are liking the sound of Innovative Finance ISAs then you might be wondering how much you can invest in one? The answer to this depends on whether you hold other kinds of ISAs and have already contributed to them in the current tax year. If you haven’t yet made any other ISA contributions, then you can invest up to £20,000 tax free into an IFISA.

You Can Hold Other Types of ISA Too!

Don’t forget you can also invest into a different kind of ISA too, as long as the total contributions don’t exceed £20,000. This means you could invest say £5000 in a Cash ISA, £5000 in a Stocks and Shares ISA and then invest the remaining £10,000 into an IFISA. This is just an example as you can spread it out however you like. Of course, we shouldn’t forget about the Lifetime ISA either if it is suitable for your circumstances.

Read Our Reviews for Even More Info

We hope this brief description of Innovative Finance ISAs has given you a better understanding of what they are and how they work. For a more in-depth look at IFISAs be sure to check out the reviews mentioned earlier in this post. They will give you a much better idea of what’s on offer, including the current proposed rates of interest. We’ve also secured a special £100 bonus deal for our readers with RateSetter, so be sure to look out for that.

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Bought By Many Pet Insurance Review http://moneybulldog.co.uk/bought-by-many-pet-insurance-review/ http://moneybulldog.co.uk/bought-by-many-pet-insurance-review/#respond Tue, 22 Jan 2019 12:30:07 +0000 http://moneybulldog.co.uk/?p=18138 In this Bought By Many review, we take a closer look at what the company has to offer pet owners. We’ll examine how they differ to other pet insurance providers and also explain how their policies work. As a pet owner myself, I know how much a pet can mean to an individual or family.

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In this Bought By Many review, we take a closer look at what the company has to offer pet owners. We’ll examine how they differ to other pet insurance providers and also explain how their policies work.

As a pet owner myself, I know how much a pet can mean to an individual or family. We view the health and well-being of our pet as being as important as our own. I also know how much it can can cost when things do go wrong. This means it can be important to ensure that you have the right cover in place.

With this in mind, let’s take a closer look at the different Bought by Many Pet Insurance* policies on offer, starting with a quick review of who Bought By Many are and why they came about.

Who Are Bought By Many?

Bought By Many started life in 2012 and it is a free to use service. The basic concept behind Bought By Many was to create online groups for people who have similar insurance needs. The company then negotiate discounts or enhanced cover with insurers or create their own policies, harnessing the power of group buying.

Do You Need to be a Member?

Yes, at the time of writing Bought By Many is a free to use, but members’ only service. To take out one of their pet insurance policies, you will need to join a group on the Bought By Many website*. You can access any of its pet insurance policies through its ‘Pet Insurance’ group, which currently has over 300,000 members.

Why Bought By Many Offer Their Own Pet Insurance Policies

As time went by, more people started signing up to Bought By Many’s pet insurance groups. They then realised that a lot of the problems pet owners were facing were coming up time and time again. Because of this, Bought By Many* decided to create their own pet insurance policies to address the most common problems for pet owners.

Some of these common issues included things like getting reasonably priced insurance for a pet with a ‘Pre-Existing’ condition. Getting a pet insurance policy where the premium was ‘Fixed For Life’ was another issue. They’ve also created a ‘MoneyBack’ policy to give money back to customers if they don’t make a claim.

Not only this, but they’ve created 3 products with different vet fee limits attached. These are known as ‘value’, ‘regular’ and ‘complete’ policies.  

In this Bought By Many review, we look at each of these policies in more detail. We’ll see exactly what they offer and whether one of them might be right for you and your pet.

Bought By Many Pre-Existing Conditions Pet Cover

Bought By Many’s ‘Pre-Existing’* policy provides cover for pets with pre-existing conditions, as long as they have been free of them for at least 3 months.

In year one of your policy, pre-existing conditions will only be covered for vet fees of up to £500. If you don’t make a claim in the first year, this will increase to £1000. It will then jump to £7000 from the end of year 2 onwards if you still don’t make a claim.

If you do have to claim for a pre-existing condition, then you will still be entitled to cover. The vet fee limit, however, will stay at £500 or will drop down to that level if you claim in the first two years. You will also get £7000 of vet fee cover for any new condition.

If your pet has a pre-existing condition but has been free of it for 2 years, it should be covered to the £7000 limit. Pre-existing conditions which have been experienced in the last 3 months are not covered by the policy.

Bought By Many Fixed For Life Pet Cover

Bought By Many’s ‘Fixed For Life’* cover has been designed for those who are looking for a fixed price pet insurance policy. The policy doesn’t increase in price, whether you make a claim or not.

You can take out this policy if your pet is below the age of two. The premiums won’t increase no matter how long your pet lives for or how many times you make a claim.

While this might mean that you pay a little more than you would with other types of cover, at least you’ll have the peace of mind of knowing exactly how much money you are going to be paying out each month on pet insurance. The caveat is that there are limits on the total value of vet fee claims you can make per condition.

At the time of writing, you will be able to claim for up to £7000 of vet fees per condition and up to £20,000 of vet fees during your pet’s lifetime.

Bought By Many MoneyBack Cover

Now we come to Bought By Many’s ‘MoneyBack’* cover. This cover does exactly what it says in that, if you don’t make a claim on your policy during the 12 month policy period, Bought By Many will automatically refund 20% of your annual premium to you. With the MoneyBack pet cover you still get the standard £7000 of vet fee cover. There’s also £2m of liability cover included too along with other benefits.

Bought By Many Value, Regular and Complete Cover

Bought By Many also offer 3 other pet insurance products known as Value, Regular and Complete cover.

Their Value Cover* is their most basic offering and it covers you for £3000 of pet fees for each condition but this is time limited to 12 months from first diagnosis.

With Bought By Many’s Regular Cover* the amount of vet fee cover rises to £7000 and with the Value and Regular policies dental cover is only available for problems arising from an accident.

The Bought By Many Complete Cover* is described on their website as being the most comprehensive cover available on the market. It comes with £15,000 of annual vet fee cover and full dental cover is included as standard.

You can see a full breakdown of exactly what’s covered on the Bought By Many website*.

Do They Offer a Multi-Pet Discount?

Yes, Bought By Many offer a 15% Multi-Pet discount* for pets on the same policy.

Bought By Many Reviews

If you’re like me, you will likely want to know what experience others have had with Bought By Many. On this point, it’s encouraging to see that they currently have a rating of 4.8 out of 5 on the popular review site feefo. This is based on 4,749 customer reviews. Some recent reviews say things like:

Caroline – ‘Very quick and easy to obtain quote and cover with good multi-pet discount’

Nick – ‘Very easy process. Very good customer care. Very good value.’

Alison – ‘Excellent service, easy online claim form to fill out. Kept well informed by email/text at each stage.’

Karen – ‘One of my cats became very ill suddenly and passed away last month. Dealing with this company throughout such a difficult time was easy. They were so understanding and sympathetic and made the whole process as painless and easy as possible for me.’

Summary

Bought By Many have used their extensive knowledge of the pet insurance industry to come up with useful policy offerings for their members. The company has very good reviews from it’s current customers and it is continuing to grow at pace. It’s free to become a member* and then you will be able to join the pet insurance group and sign up for one of their policies.

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Ford Money ISA and Savings Account Review http://moneybulldog.co.uk/ford-money-isa-and-savings-account-review/ http://moneybulldog.co.uk/ford-money-isa-and-savings-account-review/#respond Tue, 22 Jan 2019 12:00:07 +0000 http://moneybulldog.co.uk/?p=18369 In this Ford Money ISA and Savings Account review, we look more closely at the different accounts offered by Ford Money to help you decide if one of their accounts could be the right place for your cash.   At some point in our lives most of us in the UK will have owned a

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In this Ford Money ISA and Savings Account review, we look more closely at the different accounts offered by Ford Money to help you decide if one of their accounts could be the right place for your cash.  

At some point in our lives most of us in the UK will have owned a Ford vehicle. These days, though, most big car companies also have a huge finance arm to their activities too and some have chosen to branch into offering Cash ISAs and savings accounts.

With this in mind, let’s take a look at what Ford Money have to offer to savers like you. 

What Savings Accounts do Ford Money Offer?

At the time of writing, Ford Money have 4 different types of savings account on offer. These are their Flexible Saver, Flexible Cash ISA, Fixed Cash ISA and Fixed Saver accounts.

As a general rule their Flexible savings accounts are easy access accounts with an unlimited number of deposits and withdrawals allowed at any time. You can save in these accounts from as little as £1.

Their Fixed accounts offer an improved interest rate in exchange for you being willing to lock your money away for 1 or more years. These accounts require a £500 minimum investment.

All of Ford’s accounts can be opened in under 10 minutes when you apply online and they come with what Ford call their ‘Best Rate Guarantee’. This means that on flexible accounts you’ll always enjoy the same rates that new customers get – so you don’t get effectively penalised for being a loyal customer. For fixed rate accounts if the rate offered rises between the time you open your account and you placing your first deposit, you’ll automatically get the higher rate. If rates were to fall, however, you’d still get the better rate that you applied for.

Now let’s examine each of their savings accounts in a little more detail. We’ve tried to give you all of the information you’ll need for each account in a simple to understand way.

Ford Money Flexible Saver

The Ford Money Flexible Saver is an easy access account which you can open one with as little as £1.

With the flexible Saver account, you can make deposits and withdrawals as frequently as you like. There are also no penalties or charges for doing so.

The Flexible Saver is a variable rate account. This means the interest rate you receive can increase or decrease at any time. You will be informed within 60 days of any decrease, though.

You need to be at least 16 years old to open a Flexible Saver account. As it’s not an ISA account, you don’t need to be a UK resident.

The current interest rate being offered on the Flexible Saver account is 1.41%/AER if you choose to have the interest paid monthly, or 1.42%/AER if you opt for annual interest payment.

You can access and manage your account online and you can open more than one of these accounts. This can be useful if you want to save money for different things. You can also open a joint account with one other person if you wish.

Who’s it for? – If you don’t want to have your money tied up for a set period of time and for some reason you are not eligible for the Ford Flexible ISA product which comes with tax benefits, then the Ford Flexible Saver account might well be a good option for you assuming you are happy with the interest rate being offered.

Ford Money Flexible Cash ISA

With the Ford Money Flexible Cash ISA you can combine the benefits of having easy access to your savings with the tax-free benefits of saving your money via a Cash ISA.

You can open a Ford Flexible Cash ISA with as little as £1 and the account comes with unlimited deposits and withdrawals penalty-free.

You will need to be at least 16 years old and as this is an ISA product, you’ll need to be a UK resident to open this account.

The Ford Flexible ISA is a variable rate account, so the rate offered right now may change over time. You will, however, be notified as to any change.

You can transfer in any ISA balances you have from previous tax years and you can deposit all or part of your ISA allowance (currently £20,000) in this account and you won’t pay tax on the interest received.

With a flexible ISA, you can also replace any money you withdraw during a given tax year without it counting towards your ISA allowance. This is a great added benefit to make the most of your annual ISA allowance.

The current interest rate being offered on the Flexible Cash ISA account is 1.26%/AER if you choose to have the interest paid monthly or 1.27%/AER if you opt for annual interest payments.

Another interesting feature is that you can split your ISA allowance across any of the Cash ISA products offered by Ford Money. So as long as your ISA allowance is not exceeded, you could hold money in both a Flexible and also Fixed Cash ISA at the same time if it makes financial sense for you to do so.

The Ford Flexible Cash ISA comes with their ‘Best Rate Guarantee’ which we explained earlier. You can open your account and manage it online.

Who’s it for? – If you want to enjoy the tax benefits of investing in a Cash ISA but you don’t want to tie your money up and you also want to enjoy a competitive rate of interest with a trusted brand, then the Ford Flexible Cash ISA might be a good choice for you if you are happy with the interest rate being offered by Ford.

Ford Money Fixed Cash ISA

To open a Ford Money Fixed Cash ISA you will need to deposit £500 or more for a period of between 1 and 2 years.

As you will be committing your money for a fixed period of time, you will be rewarded with a higher interest rate than you would receive from their Flexible Cash ISA.

The Ford Fixed Cash ISA interest rate is currently between 1.54% and 1.75%, depending on whether you fix in for 1 year or 2 years and whether you want to have the interest paid monthly or annually.

Within the first 14 days of opening a Fixed Cash ISA account, you have the right to cancel and withdraw your money without penalty as part of a ‘cooling-off period’. After the 14 days, you will still be entitled to withdraw your money during the fixed term, but any withdrawals or transfers out will be subject to a term breakage charge equivalent to 90 days gross interest on the amount you cash in.

You can deposit more money within the first 14 days after your application but no further deposits will be accepted after this time.

As with the Flexible Cash ISA, you can split your money across any of the Cash ISAs offered by Ford. This means you can deposit some of your ISA allowance into their Flexible Cash ISA and some into their Fixed Cash ISA.

You can also hold a Stocks and Shares ISA and an Innovative Finance ISA (which are not offered by Ford Money) with another provider at the same time as saving into a Ford Money Cash ISA, as long as you don’t exceed your annual allowance.

Again, you must be 16 years old to open a Fixed Cash ISA account with Ford Money and as this is an ISA account, you will need to be a UK resident.

Like all of Ford’s savings accounts the Fixed Cash ISA comes with their ‘Best Rate Guarantee’ which we explained earlier in this review and you can also manage your account online.

Who’s it for? – If you don’t mind not having access to your money for a period of 1 or 2 years and you are able to make use of the tax benefits that come along with saving into a Cash ISA, then the Ford Money Cash ISA might be a good choice for you if you are happy with the interest rates on offer at the time.

Ford Money Fixed Saver

To open a Ford Money Fixed Saver account you will need to deposit at least £500 for a period of at least 12 months.

As a reward for committing your money for a set period, you will receive a more favourable interest rate of up to 2.22% at the time of writing, depending on whether you have the interest paid monthly or annually and whether you opt for their 1 or 2 year product.

Within the first 14 days of opening a Fixed Saver account, you have the right to cancel and withdraw your money as part of a ‘cooling-off period’. You can also make unlimited deposits in this time if on the other hand you feel like you haven’t invested as much as you would have liked to. After the 14 days your money will be locked away and withdrawals and deposits will not be permitted beyond this point.

You can open multiple Fixed saver accounts if you wish, but the combined balance of these accounts must not exceed £2,000,000.

Again, you must be 16 years old to open a Fixed Saver account with Ford Money. You do not have to be a UK resident and you can open a joint account with one other person.

Like all of Ford’s savings accounts the Fixed saver comes with their ‘Best Rate Guarantee’ which we explained earlier in this review. You can also manage your account online.

Who’s it for? – If you don’t mind not having access to your money for a period of 18 months, and you also for any reason aren’t eligible for the Ford Money Fixed Cash ISA which comes with tax benefits attached, then the Ford Money Fixed Saver might be a good choice for you if you are happy with the interest rate on offer.

Is your cash safe with Ford Money?

Eligible deposits with Ford Money are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000. So, should anything go wrong with the company you will be protected up to this amount. The company also uses encryption technology to protect your details and money online. They offer further advice on how to stay protected on their website.

Summary

We hope that this review of Ford Money’s savings accounts and ISAs has given you more of an idea as to whether this is the right place for you to save your hard-earned cash and which of their accounts might best suit your own personal circumstances. If you want to set up your account right away then you can apply online today and your new Ford Money account should be up and running in 10 minutes or less.

Note: Tax treatment is dependent on the personal circumstances of each customer and may be subject to change in the future

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Sage Business Cloud Accounting & 50cloud Accounts Review http://moneybulldog.co.uk/sage-business-cloud-accounting-50cloud-accounts-review/ http://moneybulldog.co.uk/sage-business-cloud-accounting-50cloud-accounts-review/#respond Wed, 16 Jan 2019 20:47:26 +0000 http://moneybulldog.co.uk/?p=20558 In this review we take a look at the cloud accounting software packages offered by Sage, one of the world’s leading online accounting software providers. We look at the various packages they have available and what each one offers, to help you decide which is the right one for you. What Do Sage Offer? One

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In this review we take a look at the cloud accounting software packages offered by Sage, one of the world’s leading online accounting software providers.

We look at the various packages they have available and what each one offers, to help you decide which is the right one for you.

What Do Sage Offer?

One of the most difficult aspects of running your own business is taking care of the financial side of it. Whether you are a small business struggling to keep on top of tasks such as issuing/chasing invoices and recording expenses, or you are a larger business trying to get to grips with more complex tasks like taking care of your payroll, if you don’t stay organised then things can quickly get out of control.

This is where online accounting programs like Sage Business Cloud Accounting* and Sage 50cloud Accounts* can be a real lifesaver. Sage’s cloud accounting solutions can help you to take care of your business finances with the least amount of effort.

So, what do these two online accounts packages from Sage offer and which one is right for you and your business? Let’s take a look at them to find out.

Sage Business Cloud Accounting

Aimed at small to medium sized businesses, Sage’s Business Cloud Accounting software offers two different pricing options depending on what kind of features you require.

Accounting Start Plan

The cheaper of the two options is the Accounting Start plan. Accounting Start costs just £10 per month + VAT, but for a limited time you can get 40% off the first 3 months if you sign up here*.

Alternatively, you can get a 30 day free trial* if you’d prefer to try before you buy.

The Accounting Start plan give you the chance to get started with Sage cheaply if you only require basic features. Features offered on the accounting start plan include the ability to create and send invoices to clients, the option to link your bank account to easily match transactions and access to Sage’s online app so you can take care of things on the go.

Accounting Plan

If you run a slightly more complex business and require more features, then you may find that Sage’s standard Business Cloud Accounting plan suits your needs better.

The Standard Sage Cloud Accounting plan normally costs £22 per month + Vat but you can currently get 70% off for the first 3 months when you sign up here*.

The Sage Accounting plan gives you many more features than the Accounting Start plan including the ability to create quotes and estimates, look after VAT and you can even manage more than one company.

Automate your manual tasks with Sage

Sage 50cloud Accounts

Formerly known as Sage 50 Accounts, Sage 50cloud Accounts* is used by over 400,000 businesses.

Sage 50cloud Accounts packages start from just £20 per month + VAT but go all the way up to £125 per month. You can also trial Sage 50cloud Accounts free for 30 days* to help you decide if it is right for you.

The great thing about Sage 50cloud Accounts is the ability to start off with a basic package but scale up as your business grows. This could save you a lot of time and hassle in the future, especially if you find yourself having to switch online accounting provider because you discover your current provider can’t grow along with your business.

Some of the best features of Sage 50cloud Accounts are the ability to manage and control stock and inventory. There is also a very sophisticated VAT management feature and the ability to add bespoke features that will be of benefit to your business.

Sage Online Accounting Reviews

When buying anything in life it is good not to just take one person’s word for it. So, what do other Sage Cloud Accounting customers have to say about their experience with the company?

On this note, it’s good to see that Sage have a 4 star rating on the UK review site Trustpilot based on almost 1000 reviews, with 77% rating their service as excellent.

Summary

If there is one name that most business owners would associate with accounting software it is Sage. They have been a market leader in integrated accounting and payroll for decades and are a trusted name.

Whether you are a small startup taking on accounting for the first time or a large organisation looking for bespoke features, Sage have an online accounting package to suit your needs at a reasonable price.

So why not start a 30 day free trial with Sage* today to see how you enjoy using the software.

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