On April 5, the 2023/24 tax year comes to an end. While that may feel like a little way off, it’s likely to come around very quickly and if you haven’t made the most of the tax-benefits available to you, it may soon be too late.
Today marks International Women’s Day, which celebrates gender equality, diversity and the achievements of females across the globe. This is something that’s close to our heart at AFH Wealth Management.
With speculation growing about the timing of the 2024 general election, many wondered what the Chancellor, Jeremy Hunt, would announce in his Budget to win voters over. To find out what was said in today’s spring budget (Wednesday 6 March 2024), read our quick roundup.
As the 2024 Budget draws nearer, the media has been busy speculating about what the Chancellor of the Exchequer, Jeremy Hunt, could have in store. With a General Election pencilled in for later this year, it’s likely Mr Hunt will do his best to attract voters with some announcements that protects their hard-earned cash. With this in mind, read on to discover some of the tax changes Mr Hunt might be thinking of announcing on 6 March, according to the media.
In this month’s commentary our Chief Economist, Colin Warren, looks at how Donald Trump’s policy proposals regarding tariffs, taxes and the Federal Reserve might impact the economy if he wins a second term.
In 2022 and 2023, interest rates and mortgage repayments rocketed. But in 2024, many lenders reduced their fixed-rate deals, which was a welcome relief for homeowners.
The world of finance can be jargon heavy and difficult to understand. This is especially true with pensions, thanks to the strict regulations and tax rules surrounding them.
While ISAs are popular, many account holders wait until the end of the tax year to place money into them. If you’re one of them, you may not realise that doing this could significantly reduce your wealth’s growth potential over the long-term.
Many higher earners failed to claim a valuable tax rebate in recent years. That’s according to This is Money, which revealed that the unclaimed sum reached a staggering £1.3 billion between 2016 and 2021. It added that research by PensionBee also found that 75% of eligible higher-rate taxpayers and half of additional-rate taxpayers failed to claim all of the rebate owed to them by the government.
