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 …

Whether you are wanting to help your children in the future with a house deposit, wedding or to provide them with funding to pay for university, saving for your children can help them get off to a flying start. Teaching young people the value of savings can also lay the foundations for a wealthier, more …

In response to rising inflation, the Bank of England increased the Base Rate in December, February, and March, with this now at 0.75% pa. As a result, interest rates have increased on both mortgage products and savings accounts. Santander, for example, have now increased the interest rate on their 1-2-3 current account from 0.30% pa …

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 …

We have held off writing this piece pending developments in the ongoing conflict in Ukraine. It now seems clear that an early cessation of the conflict is unlikely and hence we wanted to reassure you in respect of the impact on your financial planning arrangements. World stock markets remain particularly volatile. Under rules that were …

Financial markets across the world have reacted in a volatile manner to the situation in Ukraine and markets will likely remain volatile as the situation develops due to the uncertainty. You may feel concerned about your investments given the news emerging from Ukraine, and this is entirely understandable. If you are feeling concerned it is …

With the end of the current tax year fast approaching, it’s worth considering the various allowances available to individuals and keeping track of the use of these. Such allowances will ‘reset’ from the beginning of the next tax year; 6th April 2022. Below, we have outlined some of the key considerations and the current rules: …

The Consumer Price Index (CPI) rose by 5.4% in the 12 months to December 2021. This is the highest CPI 12-month inflation rate recorded in the National Statistical data series since it began in January 1997, and it was last higher in the historical modelled data series in March 1992, when it stood at 7.1%. …

In light of the additional pressures some individuals and business are facing due to the impacts of COVID-19, HMRC has announced that they will be waiving late filing and late payment penalties on Self Assessment tax returns for one month. Lucy Frazer, Financial Secretary to the Treasury commented: “We recognise that Omicron is putting people …