Category Archives: 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 |

State Pension triple lock to go?

The State Pension triple lock was introduced in 2010, to guarantee the rate at which the State Pension would increase each year. The “triple lock” refers to the three measures used – the higher of the increase in average earnings, inflation (as measured by CPI) or a minimum of 2.5%. Read the full article…

Posted in Financial News |

Market update – March 2021

It is a year since the world started to come to terms with the reality of life amid a global pandemic. Stock markets initially crashed, but global indices have since flourished, with the US Dow Jones, S&P 500 and Nasdaq Composite indices all reaching record new highs and Japan’s Nikkei Read the full article…

Posted in Financial News |

Negative interest rates

There has been a lot of speculation recently around the possibility of the UK’s interest rate becoming negative, meaning that banks and building societies would be charged to hold money on deposit with the Bank of England. This would be the first time the UK interest rate has ever been Read the full article…

Posted in Financial News |

Budget 2021

The 2021 Budget was delivered by the UK’s Chancellor of the Exchequer, Rishi Sunak, on 3rd March 2021, promising continued financial support for furloughed workers, the self-employed and businesses. Additional fiscal support, in the form of tax and spending decisions, will total almost £65 billion overall for the current and Read the full article…

Posted in Financial News |