16th March 2021Our lives have changed significantly over the last year. Our habits, working practices, and relationships have all adapted to the situation we found ourselves in – from working from home to replacing restaurant meals with home cooking. Of course, these changes have had a massive knock-on effect on the economy. So, a year […]
16th March 2021 While the coronavirus may have had a devastating impact on the health of the nation, it’s also resulted in one of the biggest economic shocks the country has ever experienced. From falling tax revenues to increased public spending, the government’s economic response saw public sector net borrowing rise from £55 billion in […]
3rd March 2021 A year ago, Rishi Sunak delivered his first Budget just as the pandemic began to take hold. While his £30 billion package sounded significant, it’s a sum that has paled into insignificance over the last 12 months as the chancellor has spent £280 billion shoring up the UK economy. As the chancellor […]
8th February 2021 Have you used your valuable tax allowances for the 2020/21 tax year? If not, there is still time before the end of the tax year on 5 April. Many of your allowances reset as we enter a new tax year and so if you don’t use them, you can often lose them. […]
14th January 2021 It’s fair to say that 2020 was a tumultuous year for investors. The coronavirus pandemic affected almost all aspects of the economy, and global share prices were hit as businesses were forced to scale back operations and, in many instances, close. Despite this, the news of effective vaccines meant that Q4 saw […]
14th January 2021 These days, it’s unlikely that your retirement income will simply come from a combination of one Final Salary pension and the State Pension. As workers increasingly change jobs and careers throughout their lifetimes, income in later life will probably come from a range of sources. You may enter retirement with multiple smaller […]
14th December 2020 If you want to be able to live the life you want, now and in the future, working with a financial planner can be a great way to help you achieve this. And, as well as the clear financial benefits of working with a planner, research has shown that there are significant […]
8th December 2020 If your estate could be liable for Inheritance Tax (IHT), gifting is one solution for passing on wealth while reducing the bill that could be appropriate for you. Our latest guide explains the basics of IHT and what you need to consider if you want to make gifting part of your long-term […]
25 November 2020 Chancellor Rishi Sunak has unveiled the government’s spending plans for the coming year in his Spending Review given on Wednesday 25 November. A Spending Review sets out how the government plans to spend money and what each department will receive. It covers a range of areas, like health, policing, and education. It […]
November 23, 2020 There’s no actual limit on the total pension fund you can save for your retirement. However, the Lifetime Allowance (LTA) is the effective maximum you can save without triggering any tax charges. The Labour government introduced the LTA in 2006/07. Less than a decade ago it stood at £1.8 million but, since […]