Bank of England (BoE) policymakers reduced the UK base rate by 0.25 percentage points to 5.0% at their August meeting. This was the first cut since the start of the Covid pandemic in March 2020, when the rate was reduced to just 0.1%. The rate then increased rapidly from December Read the full article…
State Pension age is currently 66 for both men and women, but is set to increase to age 67 from 2026 to 2028. This increase affects anyone born after April 1960. A further increase, to age 68, is currently scheduled from 2044 to 2046, affecting people born after April 1977. Read the full article…
Freedom Financial Planning will be closed from Friday, 20th September at 5.30pm until Thursday, 3rd October at 9.30am. For urgent queries, please contact Emma Greer on mobile 07885 407604, or e-mail [email protected].
The UK election will take place on 4 July, with current polls indicating a clear win for Keir Starmer’s Labour Party. Although the date of the election was earlier than expected, there was little reaction from financial markets to the announcement. The rate of UK inflation fell again in May, Read the full article…
Pensions provide a number of tax benefits, with one of the key ones being tax relief on your contributions. When you pay into your pension, some of the money that would have gone to the government as tax goes towards your pension instead. This can help reduce the amount of Read the full article…