As we head into Christmas and New Year, we would like to share with you details of our office opening hours during the festive period. Office Opening Hours: Friday 22nd December: 9.30 – 15.30 Monday 25th December (Bank Holiday) – Closed Tuesday 26th December (Bank Holiday) – Closed Wednesday 27th December: Closed Thursday 28th December: Closed Friday 29th December: Closed Monday 1st January …
The UK tax system can be intricate and challenging for individuals and small business owners. Understanding income tax, its rates, allowances, reliefs, and deductions is essential in maximising tax efficiency and ensuring compliance with tax regulations. Fortunately, this comprehensive guide provided by TPD Wealth is designed to help you succeed in navigating the complexities of the UK income tax landscape. …
Retirement should be a time of relaxation and enjoying the fruits of your hard work. However, one of the most overlooked aspects of retirement planning is managing taxation effectively. Paying more tax than necessary can have a significant impact on your retirement income, affecting the quality of life you’ll enjoy in your retirement years. Ensuring you receive accurate, helpful, and …
While inflation is starting to ease in economies around the world, there are still signs of economic challenges ahead. Read on to find out what affected investment markets in November 2023. UK In November, chancellor Jeremy Hunt delivered the Autumn Statement. Despite media suggestions that Inheritance Tax would be abolished, the biggest announcement was a cut to National Insurance rates …
After more than a decade of historically low interest rates, the Bank of England (BoE) has repeatedly raised the base rate since late 2021 in a bid to control inflation. This has squeezed the budgets of many homeowners who have seen their mortgage repayments increase when their current deal has come to an end. While the BoE held the base …
NHS waiting lists have reached a record high and a survey suggests people are worried about the effect it could have on the care they would receive if they faced an illness. It’s a concern financial planning could help ease. The BBC reports that 7.75 million people are waiting for NHS treatment in England. It adds that almost 9,000 people …
A “margin of safety” gives you a cushion to allow for losses or inaccurate assumptions in your financial plan. It could mean your goals remain on track, even if things don’t go exactly as you expect. Read on to find out why it could be a valuable part of your plan. The margin of safety was popularised by the “father …
Jeremy Hunt delivered his second Autumn Statement as chancellor on 22 November 2023. While the headline news was cuts to National Insurance rates for employees and self-employed workers, there may have been less attention-grabbing changes that could make your finances easier to manage. Read on to discover how ISA and pension changes might be useful to you. 1. ISAs are …
Some pension savers may have unwittingly exceeded a tax allowance and could now face a higher bill, figures suggest. According to HMRC data, the number of people exceeding the Annual Allowance increased by almost 20% in 2021/22 when compared to just a year earlier. The HMRC figures show more than 53,000 people contributed more to their pension than the Annual …
Property investment continues to be a popular and lucrative avenue for wealth generation in the UK. Building a successful and profitable property portfolio requires a comprehensive understanding of the market, as well as the adoption of key principles and strategies. In this guide by TPD Wealth, we will delve into the essential steps for constructing a robust UK investment property …
