On Wednesday 8th July, Chancellor Rishi Sunak provided his economic plan in response to the COVID-19 pandemic. The Summer Statement has been introduced on this occasion to help the UK economy recover following recent events. We have summarised below the main points from the statement: Job Retention Bonus For every furloughed employee that an employer …

One of the most common phrases heard from retirees is ‘I don’t know how I had time to work before’. Indeed many people find they are busier than ever during retirement, but just how important is it to fill your time throughout retirement, and what are the common things people do? Holidays/Travel Although everyone is …

The minimum contribution to a workplace pension currently stands at 8%. This 8% consists of a minimum of 3% from your employer. This leaves you with the remainder of 5% to pay. But what happens when you have been furloughed during Covid-19? The government’s coronavirus Job Retention Scheme will cover the contribution made by your …

In periods of uncertainty, such as those of recent times, the importance of estate planning is ever highlighted. Careful financial planning can be undone by the absence of a Will, or indeed the execution of and outdated one. For many people, there has been a surge in requests for Will writing, putting in place Powers …

Further to the previous article on this topic, further guidance has been released from HMRC, now that the new legislation is in force. From the start of this tax year, any Capital Gains Tax (CGT) that is due from the sale of a residential property must be declared and paid within 30 days of the …

Our enforced working from home meant that Jan Davies, our Administrator, retired from Eldon by ‘slipping quietly out the back door’ rather than leaving with our planned celebrations. Nevertheless, we all recognised her 5 years’ loyal service by raising a glass and eating cake in her honour! Jan’s career spanned 44 years and before joining …

Many things remain uncertain across the world at present due to the Coronavirus outbreak and financial uncertainty is a core concern for many. Following sharp falls, investment markets continue to be volatile in both directions on a daily basis. Many people are simply not able to continue with their usual employment and the loss of …

During this time when change is inevitable and fast-moving, here at Eldon we are keen to ensure we maintain open and transparent communication with our clients and our team. We take our commitment to our clients seriously. Our investment in secure technology and stringent continuity plans has enabled us to be very well prepared, and …

Here at Eldon, we are keen to ensure the health of our team, our clients and all their respective families and friends too. We are conscious that as active members of society we have many reliant upon us to provide reassurance and support in these times and we are keen to provide this in the …

Current headlines are dominated by Coronavirus and the early announcements in the budget were no different, with £30bn in total announced to help try to curb the effects of the virus. Looking past this, there were a few other key take-aways in the budget, which are summarised below: Tapered Annual Allowance The Tapered Annual Allowance …