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The election result and your finances.

With the Conservative’s having won their largest majority since 1987, we thought now would be a good time to reflect on some of the pledges made during the election campaign. How will the promised reforms affect you and your finances?  Increase of the National Insurance threshold The NIC threshold is set to rise from £8,632

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What does the governor of the Bank of England do?

With the 121st governor of the Bank of England, Andrew Bailey, set to take over on 16th March this year, we wanted to take a look at one of the UK’s oldest institutions and its figurehead.  What is the Bank of England?  The Bank of England is the UK’s central bank. It produces all the

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Ready for the end of the tax year?

The tax year will end on April 5th. Are you confident that you have made appropriate preparations and maximised your tax allowances? Here are some of the allowances that you should consider:  The Marriage Allowance You can transfer £1,250 of your Personal Allowance to your spouse or civil partner if they earn more than you

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Allowances to use before the end of the tax year

The tax year will be coming to an end on 5th April. With that deadline in mind, we wanted to remind our clients of all the allowances available to you during the tax year. It’s important to make sure you’re maximising your allowances in all areas so that you mitigate the impact of tax. Listed

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Why you must make sure your will is accessible

Do you know where your will is? Even more importantly, do the people who will act as your executors, in the event of your death, know where your will is stored?   The recent discovery at Lloyds Banking Group that 9,000 wills had been left in storage and not passed on to customers serves as a

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What can go wrong with the Bank of Mum and Dad?

Being part of the sixth largest lender in the whole of the UK can be a challenge. Especially when you’re completely unregulated and financial qualifications are a rarity. But it hasn’t stopped the Bank of Mum and Dad from lending or gifting over £6.3 billion in 2019.  A report, published in January 2019 by the

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Gender gap even affects children’s pensions

 We’re familiar with the gender gap in pensions for adults but there is evidence that this actually starts much earlier on. According to data from HMRC, parents and grandparents are more likely to save into a boy’s pension than a girl’s. A Freedom of Information request by Hargreaves Lansdown revealed that 13,000 girls aged 15

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Sole trader vs limited company?

When people are setting up a business, one of the first questions they have to grapple with is what legal structure they are going to trade under – sole trader, limited company or partnership. If you’re one of our clients, you will already have made this decision but we thought it would be useful to

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What does Brexit mean for house buyers and sellers?

While you may be heartily fed up of the word, Brexit has unfortunately had a major impact on the UK property market. What has it meant for buyers and sellers? What might the best course of action be now?      The Rightmove House Price index in October showed that the traditional ‘Autumn bounce’ or increase in

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Is inheritance tax for the chop?

Inheritance tax is deeply unpopular, there’s no denying it. According to a 2015 YouGov poll, 59 per cent of the population think it’s unfair.  So whichever party is in power after the Election, it’s likely they will include it as one of the taxes to be reviewed.     Indeed, at the Tory party conference in September,

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