Scottish Income Tax The Finance Secretary announced that there would be no additional income tax bands introduced, and they would continue with the six-band structure for 2025/26. Ms Robison also confirmed there would be no changes to the rates of income tax, meaning Scottish taxpayers will continue to face higher
Just 12 months ago, we ended 2023 with some hope. Hope, that inflationary pressures were finally stabilising, offering better prospects for financial markets and global economies after two years of rising prices and high interest rates. As we reflect on the year that’s been, we’d encourage you to pour a
In the economic outlook season, the key theme is policy uncertainty. Change will accelerate, some of it will be good and some of it will be a miss. Within the space of less than 45 days we have touched upon: We have described a stock market in search (but not
In light of these announcements, we have provided you with our snapshot on the changes and how they might impact you and those around you.
With Labour’s first Budget looming, the rumour mill has been swirling, causing a lot of angst and uncertainty. Chancellor Rachel Reeves has acknowledged that difficult decisions must be made to close the £22bn debt gap with the Prime Minister, describing his first Budget as a “painful” one. To help you
Rachel Reeves, the UK’s first female chancellor, will deliver her Budget this Autumn and with Government debt of £22bn, we are likely to see significant changes announced. As part of their manifesto, Labour pledged not to increase “working taxes,” with Rachel Reeves confirming that they would not raise National Insurance,
There are growing concerns that potential changes to Inheritance Tax (IHT) Business Relief could be announced in the upcoming Budget, with rumours that the relief could now be capped at anywhere between £500,000 and £1m per person. Business Relief reduces the value of a business for IHT purposes. The relief
Labour’s commitment to women’s equality can already be felt in the representation of female MPs elected to Parliament in 2024, now at a record high of 40.6%, a significant jump from 34.2% in 2019. Women now make up a significant proportion of Labour’s Cabinet including Rachel Reeves, Labour’s new Chancellor;
We now know that the Labour Party has been elected to lead the UK government. It’s been over 14 years since Labour were in power and now, with a pledge to get “Britain’s future back”, their first steps for change are to: Additional Labour Party policies you should be aware
What can you expect from the election and an update to your IW team.
We surveyed over 350 high-net-worth women across the UK to understand how they are investing their wealth.
Your pension should form a key part of your wealth planning strategy as it is one of the most tax-efficient ways to save for retirement. Therefore, making the most of your contributions should be high on the list of considerations.
To protect your wealth and reduce your tax liability by effectively reducing your salary, you can take advantage of several savings and allowances. Read on to find out what these are.
It’s never too early to teach your children about money and savings, and there are so many ways to make sure the whole family benefits, whilst also improving your own finances, including reducing your inheritance tax liability.
There are multiple benefits to contributing to your pension beyond just being a way of saving for retirement. Read on for 7 of our tips.
In collaboration with Hall Brown, a boutique law firm specialising in family law, this webinar will provide you with valuable insights and practical tips on the complex topic of separation and divorce.
If you are just starting out with your finances, there are many steps you can take on your own to build a solid foundation for your finances. Here are our handy hints for setting yourself up for success.
From 6 April 2024, pension fund withdrawals will change. To support you through these changes, we have outlined some steps you can take.
Each tax year, you have a set of reliefs and allowances you can take advantage of, helping make your money work harder for you.
Despite professional forecasters predicting a recession in early 2024, late last year, one of our senior analysts at Mazars, James Hunter Jones, insisted on adding a “Dream” scenario in our forecasts: one where the economy would perform well, and still inflation would drop. We did, and assigned an outlier probability
Our pensions specialists have analysed the Spring Budget and summarised their findings. Read about what you should know, ahead of the changes coming into effect on 6th April.
Inheritance tax (IHT) was once regarded as a tax that only affected the very wealthy.; however, rising property prices and a freeze on allowances mean many more people are facing a tax charge upon death.
Everyone’s circumstances are different and it is important that even if you don’t consider yourself
Inheritance tax (IHT) is an increasing reality for many, as rising property values and savings, and frozen tax allowances, mean more estates are set to pass the threshold.
But the saving grace is that it is easy to plan for. By looking ahead to to the very end of your
When it comes to relationships and money, where you sit on the marriage spectrum can matter. This is because some tax rules (such as on inheritance) permit married and civil partners to transfer assets and allowances to each other tax-free, but currently don’t give the same protections if you live
For many, menopause is a time of life when career, life and financial demands are at their peak, yet suddenly, physical and mental performance levels drop. The pressure to carry on with the usual load can become overwhelming, and yet, taking a step back might seem an impossible luxury. This
What if you could have the retirement, that you’ve always dreamed about? Would you spend more time with your family, buy a rural retreat, pursue a business idea, or enjoy a good life in the sun?
We look at 5 ways to help your retirement dreams become a reality.
A personal financial plan can help make your financial dreams a reality. By defining goals and setting clear objectives on how to meet these, your financial plan will give you confidence that you are on track and, if the unexpected were to happen, you are prepared.
Separation and divorce can be a difficult time, when numerous legal and financial practicalities demand attention while also navigating the emotional journey.
We take a look at the top 10 most frequently asked questions we hear about finances during divorce time, to help with any thoughts you may be
On 19th December, Scottish Finance Secretary Shona Robison unveiled the Scottish Government’s 2024/25 budget plans in what she described as turbulent circumstances: a turbulence which the SNP opted to largely direct towards Scotland’s high earners in the form of income tax hikes.
Given the stock and bond market volatility, it’s hard to know what the starting point for equity valuations and rates as we enter 2024. At the beginning of the year, we said that volatility and geopolitical uncertainty will persist. Stocks and bonds were nearly flat by the end of October
Challenging market environments can create situations which can lead to some biased decision making. Recognising this will prevent investors from making decisions that could negatively impact their long-term investment performance.
The reason long-term investors like Warren Buffett can consistently earn profits and outperform is because of market inefficiencies. These inefficiencies are inevitable because markets are composed of human beings, who no matter how disciplined, will often make financial decisions that consist of behavioural biases causing them to act on emotion.
Simply put, it is the effect that the freeze on income tax rates and bands has on real earnings. When tax bands or tax allowances do not rise along with inflation or the cost of living, you may find that you inadvertently pay more income tax.
Considering how to gift is vital when thinking about your long-term wealth strategy. As well as helping others, it can be a practical way to reduce the size of your estate: the key factor for inheritance tax calculations, which is becoming a greater reality for many as home values and
There has been a lot of speculation in recent weeks regarding the announcements the Chancellor could make, in what could possibly be his last Statement before the next general election.
We take a look at some of the key announcements for individuals and businesses.
Saving towards a pension can be one of the best financial moves you can make. But when is the right time to start, and is it ever too late? We look at why any time is a good time to save towards a pension.
Does your company offer a car allowance scheme for employees who use a personal car for business purposes? Why a landmark HMRC case could mean you’re due a refund.
Do you already have a good grasp of pensions knowledge, or wish you knew more about how your pension helps towards more than just retirement goals? We asked our experts to provide their top tips and pension insights you might already know…
I wonder if, like us, you were caught up in women’s world cup football fever on the weekend. Regardless of nationality or credo, it’s impossible not to acknowledge that women’s sport had a major moment. Perhaps it was because early knock outs of key teams made things unpredictable and thrilling;
New data from the DWP shows that the gender pensions gap in the UK currently stands at 35%. If you’re a woman in your forties, the gap is even greater, with women in this category statistically heading for retirement with almost half the pension pot of the average man.
Scottish Income Tax The Finance Secretary announced that there would be no additional income tax bands introduced, and they would continue with the six-band structure for 2025/26. Ms Robison also confirmed there would be no changes to the rates of income tax, meaning Scottish taxpayers will continue to face higher
Just 12 months ago, we ended 2023 with some hope. Hope, that inflationary pressures were finally stabilising, offering better prospects for financial markets and global economies after two years of rising prices and high interest rates. As we reflect on the year that’s been, we’d encourage you to pour a
In the economic outlook season, the key theme is policy uncertainty. Change will accelerate, some of it will be good and some of it will be a miss. Within the space of less than 45 days we have touched upon: We have described a stock market in search (but not
In light of these announcements, we have provided you with our snapshot on the changes and how they might impact you and those around you.
With Labour’s first Budget looming, the rumour mill has been swirling, causing a lot of angst and uncertainty. Chancellor Rachel Reeves has acknowledged that difficult decisions must be made to close the £22bn debt gap with the Prime Minister, describing his first Budget as a “painful” one. To help you
Rachel Reeves, the UK’s first female chancellor, will deliver her Budget this Autumn and with Government debt of £22bn, we are likely to see significant changes announced. As part of their manifesto, Labour pledged not to increase “working taxes,” with Rachel Reeves confirming that they would not raise National Insurance,
There are growing concerns that potential changes to Inheritance Tax (IHT) Business Relief could be announced in the upcoming Budget, with rumours that the relief could now be capped at anywhere between £500,000 and £1m per person. Business Relief reduces the value of a business for IHT purposes. The relief
Labour’s commitment to women’s equality can already be felt in the representation of female MPs elected to Parliament in 2024, now at a record high of 40.6%, a significant jump from 34.2% in 2019. Women now make up a significant proportion of Labour’s Cabinet including Rachel Reeves, Labour’s new Chancellor;
We now know that the Labour Party has been elected to lead the UK government. It’s been over 14 years since Labour were in power and now, with a pledge to get “Britain’s future back”, their first steps for change are to: Additional Labour Party policies you should be aware
What can you expect from the election and an update to your IW team.
We surveyed over 350 high-net-worth women across the UK to understand how they are investing their wealth.
Your pension should form a key part of your wealth planning strategy as it is one of the most tax-efficient ways to save for retirement. Therefore, making the most of your contributions should be high on the list of considerations.
To protect your wealth and reduce your tax liability by effectively reducing your salary, you can take advantage of several savings and allowances. Read on to find out what these are.
It’s never too early to teach your children about money and savings, and there are so many ways to make sure the whole family benefits, whilst also improving your own finances, including reducing your inheritance tax liability.
There are multiple benefits to contributing to your pension beyond just being a way of saving for retirement. Read on for 7 of our tips.
In collaboration with Hall Brown, a boutique law firm specialising in family law, this webinar will provide you with valuable insights and practical tips on the complex topic of separation and divorce.
If you are just starting out with your finances, there are many steps you can take on your own to build a solid foundation for your finances. Here are our handy hints for setting yourself up for success.
From 6 April 2024, pension fund withdrawals will change. To support you through these changes, we have outlined some steps you can take.
Each tax year, you have a set of reliefs and allowances you can take advantage of, helping make your money work harder for you.
Despite professional forecasters predicting a recession in early 2024, late last year, one of our senior analysts at Mazars, James Hunter Jones, insisted on adding a “Dream” scenario in our forecasts: one where the economy would perform well, and still inflation would drop. We did, and assigned an outlier probability
Our pensions specialists have analysed the Spring Budget and summarised their findings. Read about what you should know, ahead of the changes coming into effect on 6th April.
Inheritance tax (IHT) was once regarded as a tax that only affected the very wealthy.; however, rising property prices and a freeze on allowances mean many more people are facing a tax charge upon death.
Everyone’s circumstances are different and it is important that even if you don’t consider yourself
Inheritance tax (IHT) is an increasing reality for many, as rising property values and savings, and frozen tax allowances, mean more estates are set to pass the threshold.
But the saving grace is that it is easy to plan for. By looking ahead to to the very end of your
When it comes to relationships and money, where you sit on the marriage spectrum can matter. This is because some tax rules (such as on inheritance) permit married and civil partners to transfer assets and allowances to each other tax-free, but currently don’t give the same protections if you live
For many, menopause is a time of life when career, life and financial demands are at their peak, yet suddenly, physical and mental performance levels drop. The pressure to carry on with the usual load can become overwhelming, and yet, taking a step back might seem an impossible luxury. This
What if you could have the retirement, that you’ve always dreamed about? Would you spend more time with your family, buy a rural retreat, pursue a business idea, or enjoy a good life in the sun?
We look at 5 ways to help your retirement dreams become a reality.
A personal financial plan can help make your financial dreams a reality. By defining goals and setting clear objectives on how to meet these, your financial plan will give you confidence that you are on track and, if the unexpected were to happen, you are prepared.
Separation and divorce can be a difficult time, when numerous legal and financial practicalities demand attention while also navigating the emotional journey.
We take a look at the top 10 most frequently asked questions we hear about finances during divorce time, to help with any thoughts you may be
On 19th December, Scottish Finance Secretary Shona Robison unveiled the Scottish Government’s 2024/25 budget plans in what she described as turbulent circumstances: a turbulence which the SNP opted to largely direct towards Scotland’s high earners in the form of income tax hikes.
Given the stock and bond market volatility, it’s hard to know what the starting point for equity valuations and rates as we enter 2024. At the beginning of the year, we said that volatility and geopolitical uncertainty will persist. Stocks and bonds were nearly flat by the end of October
Challenging market environments can create situations which can lead to some biased decision making. Recognising this will prevent investors from making decisions that could negatively impact their long-term investment performance.
The reason long-term investors like Warren Buffett can consistently earn profits and outperform is because of market inefficiencies. These inefficiencies are inevitable because markets are composed of human beings, who no matter how disciplined, will often make financial decisions that consist of behavioural biases causing them to act on emotion.
Simply put, it is the effect that the freeze on income tax rates and bands has on real earnings. When tax bands or tax allowances do not rise along with inflation or the cost of living, you may find that you inadvertently pay more income tax.
Considering how to gift is vital when thinking about your long-term wealth strategy. As well as helping others, it can be a practical way to reduce the size of your estate: the key factor for inheritance tax calculations, which is becoming a greater reality for many as home values and
There has been a lot of speculation in recent weeks regarding the announcements the Chancellor could make, in what could possibly be his last Statement before the next general election.
We take a look at some of the key announcements for individuals and businesses.
Saving towards a pension can be one of the best financial moves you can make. But when is the right time to start, and is it ever too late? We look at why any time is a good time to save towards a pension.
Does your company offer a car allowance scheme for employees who use a personal car for business purposes? Why a landmark HMRC case could mean you’re due a refund.
Do you already have a good grasp of pensions knowledge, or wish you knew more about how your pension helps towards more than just retirement goals? We asked our experts to provide their top tips and pension insights you might already know…
I wonder if, like us, you were caught up in women’s world cup football fever on the weekend. Regardless of nationality or credo, it’s impossible not to acknowledge that women’s sport had a major moment. Perhaps it was because early knock outs of key teams made things unpredictable and thrilling;
New data from the DWP shows that the gender pensions gap in the UK currently stands at 35%. If you’re a woman in your forties, the gap is even greater, with women in this category statistically heading for retirement with almost half the pension pot of the average man.
