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The 2024 Spring Budget: Winners and Losers
Posted by Tony on Friday 8th of March 2024
At 12.30pm 6th March 2024, Chancellor of the Exchequer Jeremy Hunt announced the UK Spring Budget, as well as the economic and fiscal forecast by the Office of Budget Responsibility.
These legislative announcements are game-changers for Britain's economy, and Hunt’s announcements included a number of sweeping changes that could potentially affect the personal finances of everyone living and working in the United Kingdom.
In laying out the Spring Budget, Hunt reinforced the government’s dedication to building the British economy while also ...
End of tax year checklist
Posted by Tony on Thursday 22nd of February 2024
As we approach the end of the tax year, it's a good time to start thinking about how to make the most of the tax reliefs and allowances you’re entitled to, before they are lost. We’ve put together a checklist to ensure you’re aware of all the ways to make sure you don’t miss out.
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Open or top up your ISA
You can hold up to £20,000 in your ISA in the 2023/2024 tax year and split the contribution, between either a Cash ISA or Stocks and Shares ISA.
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Use your pension allowance
Usually if you’re under 75 ...
The "Winter Economy Plan" and updated Government financial support information
Posted by Tony on Friday 25th of September 2020
Yesterday, Rishi Sunak revealed a new batch of measures to support UK businesses and individuals in the face of tightening restrictions and rising coronavirus case numbers.
You can get more details in the HM Treasury document – although here is a summary which can be shared with your family, friends, and colleagues.
Kind regards and stay safe,
Kingsland Financial
The minimum age for drawing a personal pension in the UK is to rise to 57 in 2028
Posted by Tony on Tuesday 8th of September 2020
On 3rd September you may well have read newspaper headlines after the Government confirmed yesterday that the minimum pension age will rise to 57 by 2028. Here is a Sun article for you - https://www.thesun.co.uk/money/12573921/private-pension-age-rise/
As many of you will know this is in fact old news as the Government first announced these plans in 2014. The Secretary to the Treasury, John Glen, simply confirmed the changes and said they will be legislated for “in due course”.
Here is a reminder of the timetable of changes in the next...
Coronavirus Updates
Posted by Tony on Wednesday 19th of August 2020
Last week, HMRC reported that its support for UK businesses and individuals had been extended with 83,000 businesses signed up for the “Eat Out to Help Out” scheme and 11 million meals discounted in the first week.
While it is great to see people “out and about” again safely, it is worth reminding everyone about the main financial support schemes as they draw to a close.
Self-employment Income Support Scheme
- Applications for the second grant are now open
- You can make a claim for the (second and final) grant if you’re eligible, ev...
