The introduction of the Auto Enrolment policy over 10 years ago has helped millions add to their pension pots. In 2021, employees across the UK saved £114.6 billion into their pensions and saw more than 10.7 million employees paying into a workplace pension. After taking inflation into account, this was an increase of £32.9 billion …
Information correct as at 15 March 2023 The Chancellor Jeremy Hunt, yes this time we still have the same Chancellor, unveiled his first Spring Budget yesterday. As is becoming the norm, most of the headlines had already been leaked. So, it was no surprise that the Chancellor described yesterday’s announcement as the ‘Back to Work’ …
The government has extended the voluntary National Insurance deadline from 5 April 2023 to 31 July 2023 to give taxpayers more time to fill gaps in their National Insurance record and help increase the amount received in state pension. Who should consider voluntary contributions? In general if you reach state pension age on or after …
Please note that the content of this review should not be considered investment advice or any form of recommendation. If you require investment advice, please do not hesitate to get in touch with a member of our qualified team. Overview: Positivity Hindered by Sticky Inflation Key Themes February proved something of a mixed bag following …
Please note that the content of this review should not be considered as investment advice or any form of recommendation. If you require investment advice, please do not hesitate to get in touch with a member of our qualified team. A Positive Start to the Year Key Themes The market thinks inflation is yesterday’s news, at least …
Wednesday 5 April 2023 sees the end of the current tax year. Following the Chancellor’s plans to freeze and in some case reduce tax-free allowances, it’s more important than ever to make the most of some timely tax planning.
In what was a poor year for investors, the fourth quarter saw gains for stock markets led by Asian and European markets. Government bond yields increased, meaning their prices fell, as central banks reaffirmed their commitment to tightening monetary policy, even though inflation showed signs of peaking. Overview: The theme of value stocks outperforming growth …
Information correct as of 17 November 2022 Just 55 days after the Mini Budget, Chancellor Jeremy Hunt has outlined his plans to address the £55billion gap in public finances, control inflation and manage the impending recession. The Chancellor had already abandoned many of the tax measures included in his predecessor’s mini budget. Yesterday’s statement confirmed …
The quarter started with the markets displaying some optimism amidst hopes that inflation was peaking. While this led to a solid rebound in July, any optimism was quickly eroded and shares and bonds turned lower in August and September. July’s rally was led by markets pricing-in interest rate cuts from the US Federal Reserve (Fed) …
Information correct as of 18 October 2022 On the 17th October, the new Chancellor, Jeremy Hunt, made an “emergency tax statement” that reversed almost all of the tax cuts that had been announced in Kwasi Kwarteng’s mini-budget of 23 September 2022. He also signaled possible future changes to the government’s energy support packages for businesses …
