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 government has announced that it will put legislation in place to allow parents and carers to apply for National Insurance Credits where they have not claimed Child Benefit, to ensure that people do not miss out on their State Pension entitlement. In most cases, you can get a full State Pension if you have …

The end of 2023 saw positive news in markets, despite experts predicting doom and gloom for the economy at the start of the year. Inflation came in lower than expected and markets speculated that major central banks could cut interest rates through 2024. The Federal Reserve Bank set the table for as many as 3 …

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 …

We are delighted to announce that we have made the 2023 New Model Adviser Top 100 list for the 12th year in a row! There is only one other company (in addition to Eldon) to feature every year since the inception of Citywire’s accolade. Citywire’s New Model Adviser® magazine provides news on personal and business development and …

On 1st October 2023, the McCloud remedy regulations came into force to remove age discrimination across public sector pension schemes. What is the McCloud judgment? In 2010, the government determined that the cost of public sector pension provision was not sustainable and in 2015, reforms were made to public service pension schemes, which meant some …