Labour have won the 2024 UK General Election with a significant majority – gaining over 400 seats and an estimated 35% of the vote. From taxes and pensions to how the stock market has reacted, here’s what a new Labour government could mean for you and your money.
What options are available if you consistently max out your pension allowance (£60,000), contribute £20,000 to your ISA each year, and take full advantage of your annual capital gains tax allowance? And what if your income exceeds £260,000 and your annual pension allowance is significantly reduced? Let's talk offshore bonds.
We all want the best for our children but don't necessarily want to throw money at them. Wealth Manager Richard Watson looks at the options available to parents for helping their children financially now, in the medium-term future and further into their professional lives.
The “100-year life” is no longer a fantasy. Although living longer is a cause for celebration, it does raise the question of how long you need to work before you can afford to retire. If demographic models have changed so much over the past century, we need to revise our understanding of retirement and how we fund it.
February and March are particularly important months in the tax calendar. Here is a list of all the things you can do to be as tax-efficient as possible before the tax year closes.
January is an opportunity to make resolutions and commitments. There is no reason why we shouldn't use it to bring order to our finances as well! This week, Tom Fleming takes you through several painless tweaks you can make so you can be sure that your finances are still on track after all the commotion of Christmas.
Interest rates look as though they are starting to level off, catalysing the emergence of a new investment environment with opportunities that have not existed for a long time. This week, Investment Analyst Nick Harrington considers what 2024 might hold for investors.
