When he delivered his Autumn Statement in 2022, the Chancellor announced that he would be slashing the Capital Gains Tax and Dividend Tax allowance. Furthermore, he extended the threshold freeze for both Income Tax and Inheritance Tax to 2028.
Research commissioned by NatWest makes for sobering reading, as it suggests that seven out of 10 Britons have been targeted by scammers in the year leading up to October 2023. It’s a depressing thought and confirms the need to stay diligent as criminals look for ever more creative and sophisticated ways to try to steal your money.
Financial decisions are not something you probably want to share. Not only are they extremely personal, but with today’s increasing number of sophisticated finance scams, it’s more important than ever to be extremely careful about who you share financial information with.
Once you understand what a Lasting Power of Attorney is, and how it can help you in the future, you can begin putting an LPA in place, but where do you start?
Half of Britain’s adults feel “uncomfortable” with the level of retirement savings they have, and 38% believe it’s unlikely that they’ll enjoy the lifestyle they want when they stop working. That’s according to a study featured in Professional Adviser, which also reported another worrying statistic.
While many have heard of a Lasting Power of Attorney, there are some misconceptions about what this legal document could mean for you. As part of our series teaching you all about Lasting Power of Attorney (LPA), we’re de-bunking some of the myths you may have heard.
It would be fair to say that 2023 has provided plenty of uncertainty for investors. Stubbornly high inflation has meant interest rates have continued to rise, and the economic uncertainty created in part by the ongoing war in Ukraine has taken its toll on the stock market.
Research by Cancer Research UK provides a startling statistic, as it reveals that one in two Britons will develop cancer at some point in their life. While being diagnosed with a serious illness can be stressful enough, the stresses can be significantly increased by financial worries if the sickness means you’re unable to work.
News that food prices fell month-on-month for the first time in two years will be welcomed by many households across the UK. According to Sky News, food inflation, which measures the average cost of food over time, was 9.9% in September 2023, down from 11.5% the month before.
