News

5 tax changes that might be announced in the 2024 Budget

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.
Economic Commentary - What might a second Trump presidency mean for the economy?

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.
Could mortgage rates drop further in 2024? Here's what you need to know

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.
Jargon buster – 12 important pension expressions made easy

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.
Why investing in an ISA at the end of the tax year could be damaging to your wealth.

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.
What you need to know if you’re a high earner missing this important tax relief

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.
Economic Commentary - 2024 economic outlook – how might the consensus be wrong?

In this month’s commentary our Chief Economist, Colin Warren, looks at some key consensus economic views for 2024, and also considers how they might turn out to be wrong.
3 important reasons to use a financial adviser when divorcing

After the new year celebrations, it’s a sad fact that January can bring a different kind of ‘new beginning’ for all too many Britons. Speak to any legal professional, and they’ll probably tell you that January is the month that divorce applications skyrocket. So much so that the second working Monday of the month has been dubbed ‘divorce Monday’, as it is when solicitors across the UK see a peak in applications.
5 savvy ways to make your self-assessment stress free

Completing your personal self-assessment tax return can be daunting, which may mean you put it off to the last minute. That said, when you consider that the deadline for the next self-assessment is 31 January 2024, putting if off won’t be an option for much longer.