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 …

This week, we would like to take the opportunity to highlight the 1407(Newton Aycliffe) Air Cadets, a group close to home who aim to ready the next generation for the world of work. The Newton Aycliffe Squadron endeavours to promote leadership, teamwork and citizenship skills among young people aged 13 to 17, alongside a practical …

WizeUp Financial Education Recently, paraplanner Natasha had the privilege of attending one of WizeUp’s impactful visits at Framwellgate School Durham. The sessions throughout the day catered to both Sixth Form students and Year 10 pupils, offering them invaluable insights into personal finance management. The engaging workshop covered essential topics such as savings, budgeting, flat sharing, …

Understandably, the topic on many people’s minds is elections. Given the UK General Election on the 4th of July, we have been getting asked more frequently how any result is likely to impact investment markets, and therefore an investment portfolio. We know uncertainty leads to volatility in investment markets. Investment markets are forward-looking hence known …

As we welcome summer, the weather seems to be playing tricks on us. The recent spell of cold and wet days has left us all wondering if we skipped right past the sunny season. Despite the lack of summer warmth, we are thrilled to share some wonderful news and updates from Eldon. Find out more …

There has recently been an influx of convincing scams circulating the UK and with the development of Artificial Intelligence (AI) continuously progressing, so are the methods fraudsters use. It is important to stay alert and take preventative measures to help avoid these scams. What can you do to avoid a scam? Treat all unexpected communications …

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 …