Author: Richard Scott

Significant Tax Change for Pensions from 2027 In a substantial shift in estate planning policy, the recent Autumn Budget announcement revealed that from April 2027, inheritance tax (IHT) will be applied to pension assets. Chancellor Rachel Reeves stated this change will impact approximately 8% of estates annually, altering how pensions can be used in financial…

Economic Stability and Taxation The Budget introduces balanced tax measures to support public finances while protecting working people. Key tax changes include:

The Financial Conduct Authority (FCA) has launched a crackdown on illegal financial influencers, or ‘finfluencers,’ as part of its efforts to protect consumers from unlawful promotions. As of today, the FCA is interviewing twenty finfluencers under caution, investigating whether they have promoted financial services products without proper authorisation. Additionally, 38 alerts have been issued against…

The government has already ruled out increases in VAT, income tax, and National Insurance. However, following recent hints of “difficult decisions,” there is growing speculation that other tax changes could be introduced. Here’s a look at some areas that may be affected: Capital Gains Tax (CGT) Capital Gains Tax is charged on the profit made…

House prices in the UK rose by 3.2% in September compared with a year ago, the fastest rate of growth in nearly two years, according to Nationwide. The building society reported that annual growth was the highest since November 2022, with terraced houses driving the increase. Nationwide credited rising incomes and reductions in mortgage rates…

A recent report has revealed that nearly half (49%) of retirees in the UK entered retirement without a clear financial plan for their post-work years. The study, conducted by Just Group, highlights the lack of financial preparedness among retirees. More than one-third (35%) of retirees aged over 55 admitted they retired without assessing their financial…

Planning for retirement can feel overwhelming, especially when trying to figure out how much to save. One of the most important steps is calculating how much you need to comfortably retire and sustain your desired lifestyle. This is where our Retirement Savings Calculator comes in, offering an intuitive way to estimate your savings goals based…

A recent survey reveals that middle-aged non-homeowners, not younger generations, are losing hope of ever buying a house. Over 50% of Brits aged 35 to 54 who don’t own a home believe they may never afford one. In contrast, only 21% of 18 to 34-year-olds share this concern. The survey highlights key barriers to homeownership:…