Financial Planning
Key tax allowances like the Personal Allowance and Capital Gains Tax (CGT) annual exempt amount can help your money go further. As research shows that overall tax allowances have been cut, it’s more important than ever to understand what allowances make sense for you, and how they can complement your financial plan. According to calculations […]
Successive cuts to the Lifetime Allowance (LTA) and a freeze means that more people than ever could face an unexpected tax bill when they access their pension. The LTA is the total amount a person can build up in pension benefits without incurring tax charges. Since it was introduced in the 2006/07 tax year, there […]
Over the last few months, you can’t have missed the tough economic headlines. You’ve also likely seen the impact of the global economy on your own finances. Whether it’s the rise in the energy price cap and the rate of National Insurance contributions (NICs), the increasing cost of goods and services, or the impact of […]
In the 12 months to April 2022, the rate of inflation was 9%. 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, American economist, statistician, […]
The conflict in Ukraine is continuing to affect markets and economies around the world. According to a report from the Kiel Institute of the World Economy, the war led to global trade falling 2.8% between February and March. The effect has led to the International Monetary Fund (IMF) downgrading its global growth forecast too. In […]
This summer the Queen will celebrate an incredible 70 years on the throne. Since her reign began in 1952, the world has changed a lot – who in the 1950s would’ve thought it’d be normal to carry a computer in your pocket that lets you make calls, access the internet, and a whole lot more? […]