Link to download the Tax Tables 2023
The Chancellor, Jeremy Hunt, has delivered the next part of his plan: “a Budget for long term and sustainable growth”. Read on to find out who were the winners and losers from the 2023 spring Budget.
Winners
Over-50s returning to work
In his speech, the Chancellor said that “older people are the most skilled and experienced people we have”. So, he announced...
The Cost Of Transferring Your Pension, Locking In Low Mortgage Rates, The Rise In Energy Bills & More
PENSIONS AND RETIRING
The rising cost of transferring your scheme
People who decide to transfer out of their defined benefit pension scheme will face the highest transfer fees since 2018, according to the pensions consultancy group XPS. This could affect long-term savings, leaving pensioners...
New 95% mortgage scheme to help first-time buyers
Lenders now offer a government-backed 95% mortgage scheme to help more first-time buyers onto the property ladder. The government is hoping to turn ‘generation rent’ into ‘generation buy’ with the help of a 5% mortgage deposit scheme launched on 19 April.
Following the outbreak of the coronavirus pandemic, many lenders withdrew low-deposit mortgages....
Did you know that the State Pension age (SPA) increased to 66 for both men and women in October 2020 and it’s set to rise further? Knowing your SPA, together with how much you can expect to receive, is an important part of your retirement plan that is often overlooked.
Why do I have to wait longer?
In 1908, when the...
On Wednesday, 3 March 2021, the UK Chancellor set out the UK government's latest plans and gave us a clearer look at how they plan to support businesses, employees, and self-employed financially throughout the coronavirus pandemic (1)
The key points discussed in the Budget were:
A new 'Recovery Loan Scheme', which will replace the existing business loan schemes that will close...
Business protection is a crucial element in a company's financial future, but how many have cover in place?
You may have covered the tangible assets in your business, but have you protected the most important asset; the people who contribute directly to your bottom line?
If the answer is no, you could be putting your business at risk. After all, if...