HMRC have made improvements to their mobile phone app which could help individuals to find information and manage taxes, without needing to pick up the phone. The app allows you to: • Check your PAYE tax code – this ensures you are paying the correct amount of tax on your income. • Claim a P800 …

For working parents, there have been some recent changes to the benefits available from the Government, which are coming into force during the 2024/2025 tax year. Two of the main changes were announced in the Spring 2024 budget which affect Child Benefit, as well as the provisions for free childcare. Child Benefit Child Benefit is …

The 2024 Spring Budget announced the launch of British Savings Bonds. British Savings Bonds are a savings account offered by National Savings & Investments (NS&I) and are intended to be priced mid-market in relation to similar products with the aim of savings being “invested back into supporting the UK”. The account on offer is a …

With the 2024/25 tax year fast approaching, it’s worth considering the various allowances available to individuals. Such allowances will ‘reset’ from the beginning of the new tax year; 6th April 2024. Below, we have outlined some of the key considerations and the current rules: ISA Allowance This is the maximum amount that can be invested …

Earlier this month, we welcomed Laura to Eldon. Laura will be strengthening the administrative arm of our team. Below is a short introduction from Laura: “I moved back to the North 6 years ago after living in London for several years, where I worked in the city for a boutique VCT investment company. Since moving …

There were no great surprises in the Spring Budget announced on Wednesday 6th March 2024. We’ll consider the impact for each of our clients at their planning meetings but for those who would like a general update, we’ve set out some of the key takeaways below: National Insurance The big saving this time was a …

The deadline of 31st January 2024 for submitting Self Assessment tax returns for the 2022/23 tax year is looming. 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 …

We are delighted to announce that Eldon has partnered with WizeUp Financial Education. WizeUp, a financial education and employability charity, was founded as a not-for-profit company in 2011 and granted charitable status in 2020. They are highly experienced in making financial education accessible and interactive through the delivery of workshops in schools across the country. …

The Autumn Statement on Wednesday 22nd November announced a few key changes, which we have summarised below: State Pension Prior to the announcement, we had been waiting for confirmation as to whether the Triple Lock guarantee would be retained for State Pensions. The guarantee sees the State Pension increase by the higher of inflation (measured …

Santander launched their new ‘Edge Up’ current account earlier this year, effectively replacing the 1-2-3 account which is no longer available to new customers. Existing customers can still keep their 1-2-3 account if they wish, but it is worthwhile to check whether switching to the new Edge Up account will be more beneficial. The Edge …