Insurance and money expert
Rachel’s a self-confessed money nerd who’s been writing about personal finance for more than 20 years. She spent 17 years writing for Moneywise, including a few years as Editor, and likes making complicated subjects like insurance, pensions, investing and tax, easy for people to understand.
Rachel at Moneywise
Rachel spent 17 years at Moneywise writing all about personal finance, banking and pensions. She busted financial jargon to make complicated topics like these easy to understand and help empower her readers to make great financial decisions.
For more than 10 years, Rachel has written regular articles providing commentary and analysis for interactive investor. She covers all sorts of financial topics, including ISAs, investments, tax and pensions.
Providing her readers with sound financial advice during the cost-of-living crisis, Rachel has written articles on topics from how to use credit cards safely to consolidating debt. She also provides commentary on the government’s financial policies, such as Universal Credit.
Rachel Lacey commenting on...
Home insurance loss adjusters
“Loss adjusters aren’t here to invalidate your claim or cut your payout. Their role is to find the quickest, fairest way to settle the claim. If you’re not happy though, you can appoint a loss assessor to manage the claim for you.”
Rachel Lacey elsewhere on the web...
‘I saved £1,000 a year in charges by switching my pension': As £19bn lies forgotten in workplace retirement schemes, here's how you can benefit
”I decided to transfer my old workplace pension into a self-invested personal pension (Sipp), which I have been managing since I became self-employed two years ago.
The benefit of this option is that the wealth platform that runs my Sipp charges a flat fee, so I would not pay any more for it to host my workplace pension funds as well. By transferring I would wipe out charges on my workplace pension, but pay no more for my Sipp.”
How to rent your house as a holiday let
“If you have a mortgage, you will need to speak to your lender to get their consent to rent out the property.
Be aware that some lenders are very reluctant to allow you to rent out part of your home. This is because they don’t have suitable mortgage for a mix of residential and commercial use.”
Your top ISA questions answered
“ISAs have never been more important for investors. From 6 April this year, the capital gains tax allowance will fall from £12,300 to £6,000, while the dividend tax allowance will fall from £2,000 to £1,000. Then, in April 2024 both those allowances will be halved again to just £3,000 for CGT and £500 for dividends.”