The 2022/23 tax year is coming to an end and you may be left wondering if you have made the most of your tax-free exemptions and allowances. If you or your partner receive Child Benefit but earn over £50,000 a…
There is an interesting lesson to be learned from a think tank’s pension criticism.
Annual inflation in 2022 was 10.5%, but not all components rose by double digits.
Recent research has compared the value of personal national insurance contributions (NICs) with the value of state pension received. The results may surprise you.
The frozen personal allowance may be overtaken by the new state pension in only a few years, proving the income tax screw is well and truly tightening.
Inflation surged in 2022, but can it reverse in 2023? Source: ONS, Eurostat, BLS. Inflation forecasters were way off target for 2022. For example: • In December 2021, the Bank of England’s Monetary Policy Committee said “CPI inflation was expected…
A growing number of taxpayers are being caught by the personal allowance taper, which will be exacerbated by the reduced additional rate tax threshold of £125,140. With many also questioning why the new threshold is not a round number, a…
In 2022, most of the world’s major share indices had their worst year since 2008, but the UK’s FTSE 100 was a star performer. Yes, the table is correct. In the year of three Prime Ministers, four Chancellors, a catastrophic ‘mini-Budget’…
2022 was an eventful year, giving you good reason to think about your financial planning for 2023. This year we saw three prime ministers, four chancellors, no formal Budget (even if the Autumn Statement looked remarkably like one), high inflation,…
Why not consider a different kind of gift for your children or grandchildren this Christmas – perhaps one with a financial twist? According to a prediction made by Hamleys in October, among some of the top bestselling toys this Christmas…