From 6th July 2022, the level at which people start making National Insurance contributions (NICs) rose from £9,880 to £12,570. According to the Treasury, the threshold change means that 70% of UK workers will pay less in NICs, even after accounting for the 1.25% increase through the Health and Social Care Levy which came into …

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 …

The deadline for registering trusts on the new Trust Registration Service (TRS) of 1st September 2022 is fast approaching and now under 2 months away. As a reminder, the new rules, which were introduced on 6 October 2020, extended the scope of the TRS to UK (and some non-UK) trusts, regardless of whether or not …

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 …

Our Summer Newsletter covers an update on Eldon’s developments together with a range of other articles. I hope you enjoy reading it. If you have any ideas for future articles or any feedback, please feel free to get in touch. Click here to view the newsletter.

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 …