A man withdrawing money from an ATM.

Inflation has cost savers £113 billion in real terms in the last year

High inflation over the last year has collectively cost savers billions of pounds in real terms, according to an Independent report. Have you considered the effect the rising cost of living could have on your wealth? While inflation may not reduce how much you have in your savings account, in real terms, the value may […]

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Someone handing a person a wrapped gift.

3 essential factors to consider if you plan to gift wealth to avoid Inheritance Tax

Figures suggest more families are gifting to avoid Inheritance Tax (IHT). While passing on assets to loved ones may seem like a clear solution, it isn’t always so simple.  More estates are becoming liable for IHT as thresholds for paying the tax are frozen. The Office for Budget Responsibility predicts HMRC will collect £8.4 billion […]

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A person completing a tax return online.

HMRC collects a record amount in Capital Gains Tax. Here’s how you could manage your liability

The latest release from HMRC shows it collected a record £16.7 billion in 2021/22 through Capital Gains Tax (CGT) – a 15% increase on the previous tax year. Cuts to a tax exemption could mean CGT receipts might climb even further. CGT is a type of tax you pay when you sell or dispose of […]

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3 valuable reasons your financial reviews are important

Creating a financial plan is just the first step to reaching your goals. While you may have carefully set out what you need to do, financial reviews are still essential.   Often, it’s advised that you review your financial plan once a year or following major life events. Over the next few months, you can read […]

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