Further details have emerged about the potential impact of the ‘mansion tax’ announced in the last Budget. Rachel Reeves’ first two Budgets have so far featured announcements of tax-raising measures with delayed starting dates. For example, the controversial changes to inheritance tax (IHT) business and agricultural relief emerged in October 2024 but have only just […]
The government has announced an interest rate cap for some student loans. It is not all it seems. Following Easter, the Department for Education (DfE) announced a 6% interest rate cap on Plan 2 (and 3) student loans. The DfE press release read “Interest rate cap introduced to protect Plan 2 borrowers”. This was a […]
The war with Iran has dashed hopes of inflation falling to its target level. When the Bank of England met in early February of this year, the summary of the meeting said, “Although above the 2% target currently, consumer price index (CPI) inflation is expected to fall back to around the target from April, owing […]
Do you have a rainy day fund? Think again, if you don’t – where you hold your cash matters. A common piece of basic financial advice is that you should have enough of a cash reserve to cover at least three months’ (and ideally up to six) of your essential regular outgoings. That means expenses […]
HMRC has reported a low initial registration level for its new income tax regime. A little over 11 years after ‘Making Tax Easier’ was first announced in the March 2015 Budget, Making Tax Digital for income tax self assessment (MTD for ITSA) went live on 6 April 2026. The subtle rebranding along the way – […]
INVESTING FOR THE FUTURE Most parents want to help their children financially, whether it is making sure there is enough money for their education or eventually helping them to buy a property. An early objective as they grow up may well be to help children understand the value and importance of money. Whatever the reason, […]
