In the 2024 Budget, the chancellor announced a cut to the higher rate of Capital Gains Tax (CGT) for residential property, which, on the surface, sounded like positive news for landlords. However, a reduced CGT allowance, known as the “Annual Exempt Amount”, could mean that many people selling a second property will face a higher tax bill than anticipated. According …
Interest rates and inflation continued to affect markets around the world in April 2024. Read on to find out what else may have affected investment markets and your portfolio in April. Expectations of interest rate cuts were good news for gold. Investors who feared falling interest rates would lead to lower returns on cash and government bonds purchased more gold. …
Did you know that the National Gallery turns 200 this year? Originally founded in 1824, the museum in Trafalgar Square, London houses an impressive collection of over 2,300 paintings. Displaying art from the mid-13th century to 1900, it’s home to many famous paintings that people travel across the world to see. Whether you’re a London local or a tourist excited …
Over the last couple of years, rising interest rates have had a huge effect on the cost of borrowing. If your mortgage deal expires soon, you might be wondering if interest rates will return to “normal” and whether you’d benefit from choosing a fixed- or variable-rate mortgage deal. The Bank of England (BoE) sets the base rate, and it’s increased …
If you face a serious illness, it could place pressure on your finances and mean you’re not able to focus on what’s most important – your health. Yet, research suggests many families could be overlooking the protection that critical illness cover could provide. Read on to find out how critical illness cover works and how it could improve your financial …
The State Pension is often a useful foundation when you’re creating an income in retirement. Yet, a survey from Just Group found that a third of people didn’t check their State Pension forecast before stopping work. While the State Pension might not be your primary income in retirement, it’s often valuable because it’s reliable – you’ll receive a regular income …
