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26/11/2022

Train strikes: Drivers walk out in pay row

Passengers are hit by further disruptions with 11 rail companies being affected by the dispute.

25/11/2022

Black Friday sales rebound as shoppers seek bargains

Figures show sales beat 2021 volumes, with energy-efficient products in high demand.

Coping with high inflation, rising interest rates and the cost of living crisis, plus more besides

As we leave summer behind, we are pleased to bring you our Autumn 2022 magazine, which looks at some of the financial issues that you may be currently facing, as we enter a different era with a new monarch and a change of prime minster.

With the ‘cost of living crisis’ having a big impact on all our monthly budgets, new research highlights that it is forcing many to delay or miss their lifelong goals. On page 5, we suggest ways in which you could improve your position.

With Inheritance Tax receipts recording a 14% increase, caused mainly by the ongoing freeze on the nil-rate Inheritance Tax band and the Main Residence Nil-Rate band, on page 3 we look at why making plans for Inheritance Tax is so important.

Financial protection plays an important role in creating long-term security. Yet, it’s something that many people overlook. On page 10, we outline the options you have to protect you and your family’s future.

In these difficult times, some have been tempted to dip into their pension pots early. On page 6, we look at the implications of doing this, and point out why it may not always be a good idea. Meanwhile on page 9, we examine the pros and cons of pension pot consolidation.

If you’re a higher rate taxpayer, the freeze on the Income Tax threshold in April 2021 will have meant an increase in your tax bill. With inflation running at a 40-year high, pay increases will mean more people are pushed into the higher rate tax bracket. We look at what this means to you on page 12.

There’s much more besides, so we hope you find this edition both interesting and useful. Click on the link below to read or download it.

If you would like to discuss any of the matters raised or if your circumstances have changed and you need some financial advice, please do not hesitate to contact us.

 

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