The Autumn Budget at the end of November announced important changes to come for individual savings accounts (ISAs) from April 2027, but you may not be affected. November’s Budget announced a range of changes to ISAs, the full extent of which did not become clear immediately. While the Office for Budget Responsibility (OBR) managed to […]
The government made a surprise tax announcement in late December when the country’s attention was otherwise engaged. ‘A good day to bury bad news’ is a notorious political phrase that still rings true. More than two decades later, it seems that the UK government’s communication strategies often cloud rather than clarify awkward news. December provided […]
Be prepared for pension salary sacrifice reform While reforms to the pension salary sacrifice rules are not scheduled to take effect until April 2029, it is important to understand the implications of the changes now. Salary sacrifice has become an increasingly common way for employees to make their pension contributions, with most major employers offering […]
The consequences of successive governments freezing income tax personal allowance are beginning to emerge. On 6 April 2016, the new State pension was launched at the rate of £155.65 a week (£8,093.80 a year) and the income tax personal allowance increased by £400 to £11,000. If you were about to reach State pension age […]
As the memories of January’s festivities fade behind us, it is time to turn our thoughts to 5 April. The 2024 Budget revised the Chancellor’s fiscal calendar. From now on, the Office for Budget Responsibility (OBR) will make only one full assessment a year of the UK’s finances, alongside the […]
Protecting What Matters Most Financial resilience is the ability to recover quickly from an unexpected financial shock. Many insure their homes and cars without really thinking about it, but far fewer insure their lives and incomes. With the rise of flexible and gig work, fewer people have employer-provided benefits, making personal financial protection even more […]
