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 …

With only a few more doors to open on your advent calendar, Christmas is just around the corner! Office Hours The office will close on Christmas Eve at lunchtime, reopening again on Tuesday 4th January 2022. If you have any urgent queries over the period, please email them to enquiries@eldonfinancial.co.uk and we will ensure you …

On September 1, the Trust Registration Service (TRS) finally opened for the registration of non-taxable trusts. Previously, only trusts that have UK tax to pay had to register for the TRS but all UK express trusts, including non-taxable trusts are now required to register with HMRC, unless they are specifically excluded. Express trusts are usually created …

As announced in the Autumn budget, any capital gains tax liability arising on the sale of UK residential property will now need to be paid within 60 days of the date of completion of a sale. This became effective immediately and applies to completions taking place on or after 27th October 2021. Previously if buy-to-let …

This week, Eldon welcomed Tom Babbé as a new addition to our paraplanning team. Below is a short introduction from Tom: I graduated from Newcastle University in 2021 with a Mathematics BSc degree and joined Eldon shortly after. Having worked in Financial Services before in my hometown of Guernsey, I knew that this was something …

On Wednesday 27th October, the Chancellor, Rishi Sunak, unveiled his plans for the Autumn budget including a proposed £150 billion post-Covid spending spree by 2024/25. He admitted that inflation is set to rise on average by 4% over the next year and taxes are also set to rise. One of the biggest controversies is the …