A couple of months have passed since the Autumn Budget, a significant milestone for the Labour government. A comprehensive set of measures impacting individuals and businesses were announced, featuring £40bn in tax increases. Key announcements involved Inheritance Tax, Capital Gains Tax, domicile status, VAT on private school fees, Stamp Duty and Income Tax thresholds. Inheritance […]
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A few months left to maximise your State Pension
The government is encouraging individuals to take advantage of the opportunity to maximise their State Pension by filling gaps in their National Insurance (NI) records for the period between 6 April 2006 and 5 April 2018. By making voluntary contributions, people can potentially increase their future State Pension payments. This option is available until the […]
On your agenda – end of tax year planning
As we head into a new year with hope and optimism – it’s a good time to reflect on your personal financial circumstances. With the 2024/25 tax year drawing to a close, don’t leave it to the last minute to get your finances in order – that includes using your tax-efficient allowances. You might want […]
Residential Property Review – January 2025
What to expect in 2025… Property experts Savills are hopeful that 2025 will be a positive year for the housing market, despite some challenges. The average house price is expected to increase by 4% over the course of this year, partly due to improved mortgage affordability restoring confidence among potential buyers. In 2024, performance in […]
Commercial Property Market Review – January 2025
Commercial property outlook for 2025 According to Savills, the outlook is for increased stability in the UK commercial property market for 2025, following a 20% rise in investment volumes for the office and industrial sectors in 2024. With two Bank Rate reductions and expectations of further cuts, borrowing costs look set to decrease, enhancing investor […]
Nurture your financial wellbeing in 2025 – get your life plans in place with smart planning
As we step into 2025, now is the perfect time to set your financial plans in order. With changes on the horizon – like many pension pots becoming subject to inclusion in Inheritance Tax (IHT) calculations from April 2027 – it’s wise to prepare early. Financial wellbeing involves having a positive relationship with your money, […]
Preparing for the longevity megatrend in an uncertain world
As a new year dawns and we ponder what the next 12 months may hold for us as individuals and investors, one thing is for certain – some familiar challenges lie ahead. The International Monetary Fund (IMF)1 unveiled its latest economic assessment the week prior to the US election, proclaiming a period of ‘stable but […]
Economic Review December 2024
Headline inflation at eight-month high Release of the latest inflation statistics showed consumer prices are now rising at their fastest rate since March 2024, while last month also saw Bank of England (BoE) policymakers become more divided over the need to cut interest rates. Data published by the Office for National Statistics (ONS) showed the […]
How to align wealth and purpose
Purpose has lately become a buzzword for investors and companies. Whether ‘mission-oriented’ investing excites you or makes you want to run for the hills, aligning your wealth with your values and interests can bring rich rewards. Give and grow Historically, wealthy people wanting to make a difference have done so through philanthropy. In response to […]
Get into the savings habit to enhance your wellbeing
A report from UK Savings Week shows that having a savings habit improves wellbeing. Savers on the lowest incomes were found to benefit the most from regularly putting money aside, with 53% of this group reporting that they are satisfied with their life. However, only 40% of low-income non-savers could say the same1. Interestingly, low-income […]
