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Why soaring interest rates are affecting national debt and could mean tax rises

High inflation and rising interest rates aren’t just affecting households, they’re affecting the UK’s public finances too. Forecasts suggest the government may need to implement tax rises to avoid debt spiralling. According to the Office for National Statistics, at the end of July 2023, public sector debt was an eye-watering £2.57 trillion. That is the […]

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7 practical reasons to make a Lasting Power of Attorney now

A Lasting Power of Attorney (LPA) could provide you with protection when you’re most vulnerable by giving someone you trust the ability to make decisions on your behalf. Yet, a survey in the Independent, found that less than half of married couples have an LPA.  If it’s something you don’t have in place, here are […]

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Should you take your pension tax-free lump sum to kickstart retirement?

When you access your pension, you can often take a tax-free lump sum. While this may seem an attractive way to fund your early retirement plans, there are some essential things you need to consider first. You can usually access your pension from the age of 55, rising to 57 in 2028. You can typically […]

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Investing 101: 4 useful questions to answer when reviewing your portfolio

Over the last few months, you’ve read about the potential benefits of investing, what to consider when creating a risk profile, and how you could improve tax efficiency. Now, read on to discover why reviewing your investment portfolio is a crucial part of managing your assets over the long term. Reviewing your investments too frequently […]

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Investment market update: July 2023

Data from economies around the world indicate business output and confidence could be slowing. Read on to find out what influenced the investment market in July 2023. Despite some data suggesting there could be a downturn in some areas, the International Monetary Fund (IMF) has lifted its global growth forecast for 2023. The organisation now […]

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What could the UK learn from the happiest countries in the world?

The World Happiness Report has named Finland the happiest nation in the world in 2023 – it’s the sixth consecutive year the country has won the title. Read on to find out what the UK could learn from some of the happiest countries. The research polls around 1,000 people from each country across several key […]

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