The government has deferred its decision on when to raise the State Pension age (SPA) to 68. In the US drama series, The West Wing, the day before the parliamentary recess was referred to as “Take out the Trash Day”. On both sides of the Atlantic, this day marks an opportunity for […]
If you are self-employed, the new tax year may be longer than you think. If you are self-employed, until 2023/24, you have normally been taxed on the profits made in the accounting year that ends in the tax year. For example, if your accounting year ran to 30 April, then in the last tax year, […]
The recent problems in the banking world have raised questions around the current maximum protection for bank deposits: is it overdue for an increase? The figure of £85,000 is one you might have regularly seen in articles (or some adverts) about bank deposits. It is the maximum deposit value in an authorised deposit-taking institution that […]
Record flows of assets are set to pass down the generations over the coming years, making the subject of wealth transfer an increasingly important financial topic. It can be complicated knowing how you can best transfer your wealth in the way you want, avoiding any inheritance planning anxieties. ‘Great wealth transfer’ The next three decades […]
Most fundraising appeals are genuine, so the risk of fraud should not put you off giving to charities. However, you should be vigilant and make sure you are giving safely to legitimate organisations. The Fundraising Regulator and Charity Commission for England and Wales advise you to pause and check before donating. This includes: Check the […]
What can financial planning do for you? Financial planning isn’t just reserved for the especially wealthy. Whether we’re aware of it or not, all of us are on a financial planning journey and nearly all of us will want to make the most of our money. The impact of Covid-19 on the nation’s physical, mental […]
