In a significant update for UK savers, the Prudential Regulation Authority (PRA) has today proposed an increase to the deposit protection limit under the Financial Services Compensation Scheme (FSCS), raising it from £85,000 to £110,000. The FSCS currently protects 100% of the first £85,000 held by an individual, per UK-regulated financial institution (not per account). Joint …

Financial scams have become much more prominent and sophisticated in recent years. A few examples that are concerning include those purporting to be HMRC, phone companies, and banks. These are all companies that people rely on and trust. With HMRC, we have recently seen an example of a scam letter, and at first glance, the …

Eldon welcomed Charlotte Scott as a new addition to the paraplanner team this month. Below is a short introduction from Charlotte: “I began my career in the financial services industry in 2020 as an Accounts Assistant and in 2022, I transitioned into a Paraplanning role, where I discovered that a customer-focused career path was the …

The deadline of 31st January 2025 for submitting Self Assessment tax returns for the 2023/24 tax year is fast approaching. If you need to submit a tax return, it is important to do so by the deadline to avoid paying late filing penalties. You can check whether or not you need to complete a tax return for …

Eldon’s office will close at 2:00 pm on Tuesday 24th December, reopening on Thursday 2nd January 2025. If you have any urgent questions over this period, please email them to enquiries@eldonfinancial.co.uk and we will make sure that you get a response. We would like to wish everyone a very Merry Christmas and Happy New Year.

Thirteen may be an unlucky number for some but not for Eldon. For the 13th year in a row, we have made the 2024 New Model Adviser Top 100! Citywire’s accolade marks the top 100 advice firms across the UK, recognising outstanding achievements and prominent leaders in the financial planning profession. We are proud to …

On 30th October, Chancellor of the Exchequer Rachel Reeves will deliver the Autumn Statement, the first delivered by a Labour government in 14 years. There has been much speculation in the media as to what may or may not be included in that statement, given tax rises on ‘working people’ have been ruled out. This …

One of our Chartered Financial Planners, Adam, has now completed his Coast-to-Coast walk, raising awareness for Williams Syndrome, a genetic condition that affects 1 in 10,000 individuals. Despite facing inclement weather that included heavy rain and strong winds, Adam pressed on and completed over 120 miles during a six-day period. Adam is grateful for all …

In recent times we have seen a rise of ‘Finfluencers’ on social media, particularly with the younger generation, who are predominantly more active on social media. Finfluencers are social media influencers who offer advice and information on various financial topics. Financial education/literacy is becoming more and more important in an increasingly complex financial world, however, …

Following the end of a tax year, if you have paid either too little or too much income tax, HM Revenue and Customs (HMRC) will provide you with a P800 tax calculation to confirm your position. Previously, if you were due a refund of overpaid tax, a cheque would be issued to you automatically within …