Updates on tax changes, benefits reforms, government announcements, and new financial regulations affecting UK residents. Clear, simple explanations of what each policy means for your money.
The State Pension in the UK is guaranteed to rise each year under the so-called “triple lock”. Under this rule, in April each year the State Pension increase will match whichever is highest of: (1) CPI inflation, (2) average earnings growth, or (3) 2.5%. In practice, this means pensions are protected from
The new tax year has arrived, and while there are few headline-grabbing changes, the freeze on many key thresholds means more people will quietly pay extra tax. For retirees and those nearing retirement, it’s a good moment to step back, review your income sources, and make sure your tax planning
According to the latest figures from HMRC, the total amount held in Cash ISAs in the UK has now exceeded £294 billion – a record high. This landmark figure highlights a renewed focus among UK savers on tax-free, low-risk saving options amidst economic uncertainty and rising interest rates.So, why does
Chancellor Rachel Reeves delivered her much-anticipated Spring Statement 2025 in the House of Commons this week, outlining the government’s latest plans for economic growth, public spending, and welfare reform. Backed by updated forecasts from the Office for Budget Responsibility (OBR), the statement included a mix of changes that will affect
In a recent announcement, UK Chancellor Rachel Reeves reaffirmed her commitment to maintaining strict fiscal discipline despite facing global economic uncertainties. This steadfast adherence to fiscal rules underscores the government’s dedication to balancing the nation’s finances while navigating a complex economic landscape. Commitment to Fiscal Rules Chancellor Reeves emphasized the
In a significant policy announcement, the UK’s Secretary of State for Work and Pensions, Liz Kendall, has committed to overhauling what she calls the country’s “broken” benefits system. Her pledge comes amid growing economic pressures, rising welfare costs, and concerns about how to better support individuals into work.According to the
Misleading financial advertisements and scams have grown increasingly common in the UK, prompting the Financial Conduct Authority (FCA) to intensify its efforts to protect consumers. Whether it’s a crypto scheme promising sky-high returns or a “too good to be true” investment offer, fraudsters use bold claims and slick presentations to
The 2025 tax year ends on Saturday, 5 April 2025, meaning Friday, 4 April is your final chance to make the most of your allowances and tax-efficient opportunities. Whether you’re investing, planning for retirement, or making charitable donations, a little preparation now can mean big savings later.To help you stay
Pension tax relief is one of the most rewarding features of saving for retirement in the UK. It allows some of the money that would otherwise go to the government as tax to be redirected into your pension pot, effectively boosting your savings and reducing your tax burden. Here’s how