With 2023 fast approaching, we’ve been reflecting on the changes that 2022 has brought to us and our clients. The year started with a challenging outlook for investment markets, exacerbated by various unexpected events throughout the year. It shows once again that short term forecasting isn’t reliable in ensuring our plans for our future are …

In response to rising inflation, the Bank of England has been increasing the Base Rate and in November 2022 this rose to 3%. As a result, savings rates have been increasing steadily, and are now at the highest levels for more than a decade. National Savings & Investments (NS&I) currently offer an interest rate of …

New Chancellor, Kwasi Kwarteng, announced a sweeping package of tax cuts in his mini-budget last week – the biggest the UK has seen in the last half-century. Below we have outlined the main measures. Basic rate income tax is set to reduce from 20% to 19% from 6th April 2023. This is the first cut …

As a mark of respect for Queen Elizabeth II, we will be closing our office on Monday 19th September for the funeral. We will reopen at 9am on Tuesday 20th September

For those with invested pensions, it is crucial to understand exactly how your funds are invested. This can be particularly important as you move closer to retirement, as your plans for accessing benefits will impact the level of investment risk that is suitable. The introduction of Pension Freedoms legislation in 2015 means that you no …

This year marks Eldon’s twentieth birthday, the big 2-0! You may have seen in the Summer Newsletter that the Eldon team will be celebrating by completing a beautiful (but tough) 20-mile walk around Ullswater on Friday 30th September. Donations that the team receives will be directed into our Charitable Fund with the County Durham Community …

With rising inflation, you may have found yourself looking more closely at your household budget, prioritising where your hard-earned income and savings should be spent. Whether you are running a monthly deficit or surplus, budgeting is a crucial tool in understanding exactly where your money is going, helping you ensure it is working in the …

With the Consumer Price Index (CPI) now standing at 9% for the 12 months to April 2022, the Bank of England has been acting to curb inflation by increasing the base rate, with the most recent rise from 0.75% to 1% taking place at the beginning of May. We recently wrote an article on the …

As we (hopefully) move towards the warmer weather, you may be planning a spot of spring cleaning. If this extends to your finances and you find yourself organising and decluttering a stack of financial paperwork, we typically recommend that you keep to the following: Tax documents – paperwork for the current tax year and the previous …

On Wednesday 23rd March, the Chancellor, Rishi Sunak, unveiled his plans for the Spring Statement in the House of Commons. Here are some of the key changes that may have an impact on you: Fuel Duty Slash Fuel duty is to be cut by 5p per litre, the biggest cut to rates ever made. This …