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 …
Investing in the UK stock market can be a powerful way to grow your wealth and achieve long-term financial success. However, for beginners, venturing into equities can feel daunting and complex. That’s why TPD Wealth presents this beginner’s guide to investing in the UK stock market, designed to equip you with the knowledge and confidence you need to make informed …
In today’s fast-paced and increasingly digital world, investment scams have become distressingly common, targeting individuals of all ages and backgrounds. However, a recent study by the Financial Conduct Authority (FCA) has found that a staggering 26% of investment scam victims are under the age of 30, reflecting a concerning trend of young people falling prey to opportunistic fraudsters. This alarming …
Achieving a comfortable retirement requires effective planning early in life. Critical to this process is understanding the nuances of the UK pension system, including various pension schemes available to help you secure a stable income during your golden years. TPD Wealth Management, a Stockport-based financial planning firm providing bespoke advice to individuals and businesses, offers a comprehensive roadmap to navigating …
As inflation remains stubborn, and interest rates may have to remain higher for longer, recessionary concerns have grown around the world. Read on to discover some of the factors that may have affected your investment portfolio in October 2023. When reviewing short-term market movements, remember to focus on your long-term investment goals. UK After a slump in July, official data …
Data suggests that buy-to-let investors could get greater returns on their investment by purchasing property in the north. As soaring interest rates mean landlords are paying far more in mortgage payments, finding properties with a great rental yield could ease the pressure, but so could securing a mortgage that suits your needs. According to a MoneyWeek report, the north of …
If your current mortgage deal is coming to an end, you might be unsure whether choosing a fixed-rate mortgage is right for you. Read on to discover the advantages and drawbacks you may want to weigh up. The Bank of England has increased interest rates to tackle rising inflation Over the last two years, the Bank of England’s (BoE) base …
The health of the economy can affect your finances. A strong economy could lead to the value of investments rising, or the need to raise public finances may mean your tax liability increases. However, predicting how the economy will perform can be difficult as numerous factors can have an impact. When you think about what affects the economy, sunny weather …
