23 May 2022 In the 12 months to March 2022, the rate of inflation was 7%. In simple terms, inflation means the cost of goods rise. The higher the rate of inflation, the quicker prices are rising. It can affect your day-to-day budget and your long-term wealth. “Inflation is taxation without legislation.” – Milton Friedman, […]
20/05/2022 As a parent, raising your children could be described as one of the greatest joys in your life. Nurturing them to the point where they can go out into the world and become their own people is a beautiful thing – but it comes with responsibility. Many will want to attend university, travel the […]
20/05/2022 When it comes to tax, it is understandable that you may want to reduce the amount you are liable to pay in any given year. Reducing your tax liability where possible can help you retain more of your hard-earned wealth, potentially setting you up for a more comfortable retirement, and enabling you to support […]
20/05/2022 Being newly retired is an exciting period in your life. You have worked hard, saved diligently, and are now able to reap the rewards of your years in the world of work. However, despite your preparedness, you could be feeling stressed by the financial side of retirement. The cost of living crisis has seen […]
14th April 2022 Getting the most out of retirement and reaching your goals requires planning. Not thinking about your post-work years until you reach that milestone can mean that a retirement that promised much, falls short. While you might daydream about giving up work, pinning down the details, from your lifestyle to your income, means […]
14th April 2022 Since our Q4 2021 market update in December, the global economy has been shaken following the Russian invasion of Ukraine. Following the final quarter of 2021, which saw Omicron cases rise across the world, yet still boasted economic growth in the US, UK, and Europe, there has been a downturn in the […]
14th April 2022 In the 2021 Budget, the chancellor of the exchequer, Rishi Sunak, announced a “big freeze” of some individual allowances until 2026. In this announcement, Sunak explained that, from April 2022, four key allowances will be frozen until 2026, potentially resulting in higher tax bills for many people around the UK. So, with […]
14th April 2022 Over the past two years, the eventuality that you might become too ill to make your own decisions might have crossed your mind. While this is not a pleasant thought, the Covid-19 pandemic has caused us all to consider what life would be like if we became seriously ill. If you are […]
24 March 2022 Against the backdrop of the continuing war in Ukraine, the chancellor has delivered his spring statement. The war has contributed to uncertainty in the global economy, with the Office for Budget Responsibility (OBR) saying that, “given the unfolding situation in Ukraine, there is unusually high uncertainty around the outlook”. Disruptions in global […]
14 March 2022 In the last quarter of 2021, the UK government repaid £42 million in overpaid tax to pension withdrawers. What’s more, according to Money Age, pension investors have claimed more than £835 million in tax repayments since the Pension Freedoms reforms were implemented in 2015. If you are approaching 55, or are already […]