News & Insights

The level of Statutory Sick Pay (SSP) increased in April 2023. Yet, ill workers are still likely to face financial hardships as it provides “very little insurance”, according to a Resolution Foundation report. The findings highlight how important having a financial safety net is. As of May 2023, eligible employees will receive £109.40 a week under SSP if they need ...

Over the last year, you may have been affected by soaring inflation, rising interest rates, and volatile market conditions. The good news is that research shows a long-term investment strategy could help you grow your wealth despite a challenging environment. Inflation has been high over the last 12 months, and it could have eroded the value of some of your ...

The rate of Corporation Tax your business pays may have changed for the 2023/24 tax year. It could affect your profit margins and long-term plans, so it’s crucial you understand what the new rates could mean for your business. After a series of announcements and U-turns in 2022, you may not be fully aware of the changes to Corporation Tax. ...

In a bid to encourage early retirees back to work, chancellor Jeremy Hunt unveiled several changes to pension allowances during the Budget. The announcements could mean you’re able to save more in your pension and boost your retirement income. Here are the four key pension changes Hunt announced. 1. The Lifetime Allowance will be abolished Previously, the Lifetime Allowance (LTA) ...

As inflation persists, central banks were forced to announce further rises to interest rates in March. Coupled with the collapse of Silicon Valley Bank, it has been an uncertain few weeks in the world economy. As an investor, remember that volatility in the markets is normal. Take a long-term view of your portfolio’s performance and focus on your overall goals ...

A strong financial plan will help you to stay on course to meet your long-term goals, as you navigate your way through life towards your eventual retirement. The aim is that when that day arrives, you’ll be in a position to live the kind of lifestyle you desire. It can be easy to focus on the financial aspects of your ...

Self-employed workers have always faced additional challenges when trying to get on the property ladder. But stringent affordability tests mean it’s becoming even more difficult to secure a mortgage. Government statistics show in 2021 around 13% of the UK’s labour force was self-employed. So, the barriers for self-employed workers are something thousands of aspiring homeowners need to overcome every year. ...

Over the last year, interest rates have steadily increased. If you have a mortgage, it may have affected your repayments, or could in the future. So, does your financial protection still provide the cover you need? The Bank of England has increased its base interest rate to tackle high inflation, which has led to a rise in the cost of ...

The benefits of having a will in place are well-documented, although if you don’t have a will, or haven’t updated it in some time, you’re not alone. A recent survey from MoneyAge has found that 51% of adults in the UK currently don’t have a will in place. Of those with a will, 43% haven’t updated it since it was ...

Inheritance Tax (IHT) can affect what you leave behind for loved ones. It’s essential you understand if it’s something you need to think about, as there could be steps you can take to reduce a potential bill. Over the last few months, you’ve read about what estate planning is and how to calculate the value of your estate. Mitigating an ...