At the time of writing, the 5th April deadline marking the end of the 2020-21 financial year has now passed. Hopefully, you made the most of your allowances, since doing so can save you £100s (maybe £1,000s) in unnecessary taxes – thus putting money back into your pocket. If you did not, however, then all is not lost…
As a person approaches retirement it is common for them to have a wide range of investments, pensions and savings. These might include capital in ISAs (individual savings accounts), SIPPs (self-invested personal pensions), regular savings, various defined contribution pension pots and maybe even a…
COVID-19 has hugely damaged the UK economy, adding over £400bn in public debt over a 12 month period. For some time now, many commentators have anticipated the announcement of tax rises to help address this. One of the big surprises of March 2021, therefore, was that these failed to materialise…
Intuitively, most of us know that it is best to have a Will in place for an estate plan. Yet what are the concrete benefits of doing so? How, exactly, is it better than doing nothing? Below, our team at Elmfield Financial Planning in Padiham, Burnley, Lancashire answer by specifying how the UK’s rules work. We hope you…
Recent Comments