By the end of this tax year, HMRC are expected to rake in a record £10.4bn in savings interest tax. With this rising by 740% since 2021, it’s crucial savers know what they can do to reduce the impact. Cause Originally under the Conservatives in 2022, and now under Labour in their first budget in...Read More

Starting your pension savings are obviously better to do the younger you are. Here are some tips on making the most of your pension depending what decade of your life you’re in: Your Twenties The exhilaration of earning your first paycheque may mean planning for the future feels a long way off. However, seeing your...Read More

More interest rate cuts this year will likely mean changes for mortgage rates and house prices in 2025. Property buyers tend to retreat to hunker down for the winter. But this year, hibernation appears to be postponed, with buyer numbers rand prices rising instead. 2024 Mortgage & House Prices 2024 was generally a good year...Read More

Chancellor Rachel Reeves agreed to extend the IHT threshold freeze for another two years to 2030 – meaning more people will now likely pay IHT in the future. Reeves confirmed she will bring most pensions into the IHT regime from April 2027. Here are three tax breaks which could save your family tens of thousands...Read More

Central banks around the world are embarking on an interest rate-cutting cycle. But what does this mean for growth and value companies? Rate Cuts Affect Central banks, like the Bank of England and Federal Reserve, cut interest rates to stimulate the economy, making borrowing cheaper for businesses and consumers, which can encourage spending and investment. Lower rates also...Read More

ISA, pension and tax rules can change, and their benefits depend on your circumstances. Here are some things you can do: Pension Contribution We’ve seen a 71% surge in people maxing out their Self-Invested Personal Pensions (SIPPs) so far this tax year – likely in response to rumours that the chancellor might have the annual allowance or...Read More

Inheritance tax can be a significant concern when planning your estate, but there are strategic ways to minimise its impact. An effective method of reducing IHT is to gift assets to your grandchildren during your lifetime. Here’s how you can leverage this approach to reduce your inheritance tax liability: Understand the Basics of Inheritance Tax...Read More

In her first speech as chancellor, Rachel Reeves reinforced Labour’s pledge that there would be no rises to National Insurance (NI) or value added tax (VAT). There was no mention of changes to income tax or capital gains tax though. These weren’t mentioned in Labour’s manifesto either. That means for now, income tax rates should stay where...Read More

The new Labour government is expected to bring big changes to our pensions. Labour have promised a review of the pensions system to make sure it works as well as it should and gets people the best outcomes. Lifetime Pensions We can expect further moves to consolidate schemes to drive efficiency and a push to...Read More

UK inflation is nearing its target, but there’s still no certainty about the Bank of England rate cut.  The Bank of England will want to see more signs that inflation is under control before cutting interest rates. It’s expected that a rate cut might not now come until August, or even later. Savings and annuities providers...Read More