When you retire, there are a lot of financial decisions that need to be made as you start accessing the savings and investments you’ve built up. It’s natural to have lots of questions about your financial security at this point, such as:

• How much income will I receive from my pension?
• How long will my savings last for?
• How should I access my pension?

But one important question is often overlooked: How much tax will I pay? 

How and when you access your pension, savings and investments can have an impact on your tax liability. Plann...

The Individual Savings Account (ISA) was introduced over 20 years ago and since then it’s become an essential part of many financial plans. Since the first ISA, this savings vehicle has evolved and there are four different types of ISA accounts available to open. Which one is right for you will depend on your goals.

What is an ISA?

An ISA is essentially a tax wrapper that allows you to save and invest tax-efficiently. Each tax year, you can place up to £20,000 into ISAs. This annual allowance may be used on a single ISA or spread across...

Over the last few months, speculation that the Bank of England would increase its base interest rate has been mounting. However, the impact of Covid-19 has changed that, leading to the central bank making two cuts to the interest rate in quick succession.

Coinciding with the 2020 Budget, the base rate was cut from 0.75%, where it’s been since August 2018, to 0.25% on Wednesday 11^th March. Just a week later, the rate was cut again on Thursday 19^th March to just 0.1%. The latest cut represents a historic low, and it could have an impact on ...

As the coronavirus pandemic continues to dominate world headlines, here’s what it might mean for your pension and retirement plans.

The pandemic has created uncertainty in economies around the globe. As a result, stock markets have experienced shocks and over the last few weeks have seen significant falls. Fears of a recession following the pandemic have sparked even more concern. It’s natural to be worried about what the impact on financial markets means for your future. Understanding what the change means, and where adjustments may need...

We’ve now entered a new tax year. Whilst some changes were made during the 2020 Budget, other allowances and exemptions have stayed the same. Planning can help you make the most out of your finances over the next 12 months. So, which allowance should you keep in mind?

1. Personal allowance and National Insurance

The personal allowance for the new tax year remains the same at £12,500. This is the amount you can earn before Income Tax is due. Existing tax rates and thresholds are also unchanged. However, the National Insurance threshold ha...

After delays and resignation, the Budget was finally delivered on March 11^th. The announcements made could have an impact on your personal finances and businesses, as well as affecting where public spending goes. The Budget 2020 document is over 100 pages long, so we’ve put together a summary of the key points from this year’s Budget.

Coronavirus response

At the time of making the Budget speech, the UK was being affected by the coronavirus pandemic, but the country wasn’t yet on lockdown. Chancellor Rishi Sunak unveiled a £30 billion pac...

While the coronavirus pandemic has affected the health of hundreds of thousands of people worldwide, it has also had a devastating effect on small and medium-sized businesses in the UK and beyond.

Following a £12 billion package of measures announced in the Budget, the Chancellor has since unveiled a substantial support package designed to help businesses survive during this uncertain period.

If you’re a small business owner, there is help available from the government and beyond. Here’s a summary of the support on offer.

Coronavirus Jo...

Whilst it can be tempting to save and manage money by taking a DIY approach to finances, it could end up costing you money. Research suggests that eight in ten people overestimate their own financial capability and could be making decisions that aren’t right for them as a result.

Failing to seek financial advice when it could prove valuable may not be an issue for you. But it could be a mistake that your children and grandchildren are making. Knowing when financial advice could be beneficial can be difficult to understand, especially if y...

2019 was a year marked by uncertainty and volatility in the investment markets. So, when it comes to reviewing your portfolio’s performance, it’s important to keep some things in mind.

There were numerous factors influencing markets last year, many of which would have been impossible to predict. In the UK, Brexit continued to be uncertain, with a new Prime Minister and a General Election taking place over the course of the year. Trade tensions between the US and China have a far-reaching impact, highlighting how events taking place across...