Ofgem, the energy regulator, announced a reduction to the Energy Price Cap on Thursday, which is set to see a long-awaited drop in energy bills for millions of households across the UK. The new limit will come into effect from July, to be reviewed every quarter thereafter. The Price Cap limits the amount that suppliers …

In an effort to combat high levels of inflation, the Bank of England has increased its base rate further from 4.25% to 4.50% – the 12th consecutive increase. The base rate is now the highest it has been in almost 15 years, since October 2008 which was the height of the global financial crisis. The …

Having a spending and savings plan can help you understand what income you have, what needs to be allocated to everyday living expenses and what you can put towards future goals. With groceries, fuel and energy costs rising significantly, for many people, essential living costs now represent a large majority of take-home pay. The 50-30-20 framework …

The month of April is recognised as National Stress Awareness Month to bring attention to the negative impact of stress. Given the cost-of-living crisis present in the UK, more people may be feeling the impact of stress and anxiety. According to the charity MIND: “Stress is how we react when we feel under pressure or …

With rising interest rates, finding a suitable place for your cash savings is increasingly important. There are many things to consider when looking for the best accounts, including the interest rate, accessibility of your cash, and protection limits. Interest Rate The interest rate is one of the key factors that people focus on when looking …

On Sunday 4th June, three members of the Eldon team will be completing the highest skydive in the UK. On Monday 5th June, hopefully all three will be returning to work! From 15,000 feet, Gemma, Donna and James will each tip out of a small plane and hurtle towards the earth for 60 seconds at …

Looking back to 2022, interest rates started the year at their previous historically low levels, but as inflation was on the rise and the war in Ukraine fuelled these further, central banks around the world increased their base rates. The Bank of England base rate started the year at 0.25% and ended the year at …

The State Pension age is the earliest you can claim your State Pension. Your State Pension age depends on when you were born. For people reaching State Pension age now, it is age 66 for women and men, but the Government has set out two increases to State Pension age in legislation. For those born …

In the last article, we looked at the looming January Self Assessment deadline. There is no shortage of important dates to be aware of when considering your finances; below, we have outlined the key dates to note for the coming year. • 31st January – Self Assessment Tax Return Deadline This is the deadline for …

The 31st January 2023 deadline for submitting Self Assessment tax returns for the 2021/22 tax year is fast approaching. For those who need to submit a return it is important to do so before this deadline so as to avoid late filing penalties. If you are unsure whether you need to complete a tax return …