Your New Year financial checklist
2022 was an eventful year – churning government personnel, no formal Budget, high inflation, rising interest rates and volatile investment markets, which is good reason to start your financial planning for 2023.
UK
A dramatic ending to Q3
Despite an eventful end to Q3 for the world’s share markets – down at least in part to the fallout from UK’s ‘mini-Budget’– some indices showed considerable resilience, proving the importance of currencies and investment diversification.
Striking the balance: company or self-employed?
The announcements in September’s not-so-mini-Budget have altered the balance between operating your business as self-employed or via a company. How will you be affected?
Timing is everything
September’s ‘mini-Budget’ introduced tax and NIC changes with a range of consequences to employees, employers and the self-employed. Have you sought advice before making any financial decisions?
Over-65s set new employment record
Latest data from the Office for National Statistics reveals that more people than ever are working beyond the age of 65. Will your retirement income be enough, or will you be working after age 65?
Three financial lessons from the Covid-19 pandemic
Three important financial lessons from the Covid-19 pandemic.
Tricky teens: inflation set to soar beyond 13%
With projections that inflation could reach 13% and beyond into 2023, many people may be tempted to raid investments and access early retirement benefits to make ends meet.
Inheritance tax receipts double in a decade
New data from HMRC reveals the Treasury’s IHT receipts have doubled since 2012/13, the result of a frozen nil rate band and surging inflation. Is IHT a concern for you?
Is your interest getting too interesting?
As interest rates rise, the number of people who must pay tax on some interest is set to increase. Could you be one of those new interest taxpayers?
Capital gains simplification on the cards for divorce settlements
From 6 April 2023, new legislation is set to simplify tax on divorce with a proposed three-year increase to the CGT-free period after the tax year of separation.