10 Key Financial Changes in 2025: Pensions, Savings, and Mortgages - What You Need to Know
With the new year just around the corner, personal finance expert Fiona Peake from Ocean Finance is urging individuals to prepare for the imminent changes in pensions, savings, and mortgages that will come into effect in 2025. These changes are set to impact various aspects of personal finance, including retirement planning, savings strategies, and mortgage applications. To ensure a smooth transition, it is essential to stay informed about the upcoming modifications, such as potential changes to pension contributions, savings account interest rates, and mortgage lending criteria. By being proactive and understanding the implications of these changes, individuals can make informed decisions about their financial futures, ultimately securing their long-term financial stability and security. Key areas to focus on include financial planning, investment strategies, and budgeting, all of which can be crucial in navigating the evolving financial landscape. As the first changes are just days away, it is crucial to act now and seek professional advice if needed, to make the most of the new financial regulations and opportunities.
