At the end of September 2022, the British pound (GBP) hit its lowest value in 50 years. It stood at $1.03 on Monday 26th September. The last time it traded at this level was in February 1985, when the GBP fell to $1.052 (a record low that lasted 37 years). With news still pouring in about our currency and how…
The individual savings account (ISA) is one of the UK’s most powerful “vehicles” for someone to save and invest. Yet ISAs are also widely misunderstood and many people make needless mistakes with them, leading to missed opportunities for wealth growth. In this article, our team at Elmfield…
With the Bank of England (BoE) steadily raising the base rate, savers are seeing some benefits in the form of higher interest rates on their regular savings accounts and Cash ISAs. However, this could also lead some savers to pay tax on their interest, which perhaps they didn’t pay before…
An annuity is a product that gives you a guaranteed lifetime income in retirement. It can offer stability and peace of mind, providing a steadily rising income each year to help keep up with inflation. Over the last 7 years since the 2015 Pension Freedoms were introduced, however, annuities have widely fallen…
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