More and more people are finding themselves in legal disputes with loved ones over inheritances, new figures have revealed. According to the Ministry of Justice, 80 inheritance disputes went in front of judges in 2012. However, this figure had risen to 145 by 2017, and in 2021/22, it stood at 195 – more than double …
We’ve been through a difficult period in the last few years, to say the least. Thanks to factors ranging from the Covid-19 pandemic to Liz Truss’s catastrophic Mini-Budget, along with soaring interest rates and inflation rising to a 40-year high, people in the UK have been put under unprecedented and sustained financial pressure. But interest …
Introduction Although many of the world’s major economies have struggled to achieve strong growth in recent months, there is a sense that some key markets are starting to turn a corner. The worst of the inflation crisis, for instance, seems to be behind us, and central banks that had been hiking interest rates are now …
Money can often be something of a taboo subject, so many of us stay tight-lipped even if we’re desperate to say something. But a new trend, termed “loud budgeting”, suggests that attitudes could be changing. This trend, which is growing in popularity on platforms such as TikTok, encourages open discussion about your finances and why …
The 2023/24 tax year is coming to an end on April 5th, so you don’t have long left to use your various allowances – in particular your Capital Gains Tax allowance. This is especially important this year as your Capital Gains Tax allowance is being cut from £6,000 to £3,000 from April 6th. So what …
The end of the tax year is fast approaching, so now is the time to act to make sure you’re not paying more tax than you have to. One of the best ways to do this is to maximise your pension contributions. Contributing to your pension is one of the most tax-efficient ways to save …
Introduction It’s been a mixed picture across the globe in the last few weeks. Many of the world’s major economies have continued to see minimal growth in recent months, while the UK and Japan have slipped into recession. But the US is bucking this trend, as are many emerging markets such as India. As always, …
Introduction Jeremy Hunt has delivered his Spring Budget, his fourth fiscal event as Chancellor, and the final Budget before a general election. The timing wasn’t ideal for Mr Hunt, as the economy recently slipped into recession and the Conservatives remain well behind in the polls. On the one hand, he would have to be financially …
Jeremy Hunt, the Chancellor of the Exchequer, has delivered his Spring Budget, and we wanted to keep you informed about what has just been announced. We’ll provide more detailed insight over the coming days, but for now, here are the main headlines. Taxes Employee National Insurance to be cut from 10% to 8% from April. …
It’s so easy to set up a pension, set up your contributions and then basically forget about it, safe in the knowledge that your pension pot is growing every month and year. But this approach means you might miss out on opportunities to maximise your income in later life. It’s therefore a good idea to …
