Category Archives: Financial News

Market update – October 2021

Equities around the world have struggled in recent weeks as anxiety about the pace of growth and inflation has grown. Global gas shortages, supply chain disruptions and fears that an implosion of highly indebted Chinese property developer Evergrande could ripple across global markets have also weighed on share prices. Evergrande Read the full article…

Posted in Financial News |

Tax increase for health and social care costs

The UK Government recently announced a controversial increase to National Insurance contributions (NICs), in a move aimed at funding the spiralling cost of social care. From 2022/23 there is to be a temporary 1.25% increase to rates on Class 1 (Employee and Employer), and Class 4 (Self-employed) National Insurance Contributions Read the full article…

Posted in Financial News |

State Penson: Triple lock scrapped for 2022/23

The Government has confirmed it is suspending the State Pension “triple lock” for the coming 2022/23 tax year, due to a spike in the increase in average earnings. The “triple lock” refers to the three measures used to determine the increase in State Pension from one year to the next Read the full article…

Posted in Financial News |

Market update – June 2021

As the vaccine rollout intensifies globally, 2021 has seen the positive investment returns from 2020 continue. The average fund in the balanced risk (IMA 20%-60% shares) sector has returned 4.1%* year to date, while the average return for the higher risk Global Equities sector is 8.8%*. Although global equity markets Read the full article…

Posted in Financial News |

How tax relief works on pensions

Getting tax relief on pensions means some of your money that would have gone to the government as tax goes into your pension instead. This makes a pension a very attractive way to save long-term for retirement. You can put as much as you want into your pension, but there Read the full article…

Posted in Financial News |