From April 2027, the annual Individual Savings Allowance (ISA) will remain £20,000. However, the government will now ring-fence £8,000 specifically for Investment ISAs. This split in the ISA allowance means that anyone under 65 can save up to £12,000 a year in a Cash...
The Autumn Budget 2025 introduced a wide range of changes that aim to boost youth employment and support employers across the country. These apprenticeship reforms create clearer pathways for young people who want to start their careers. They also give businesses...
The UK Government is preparing to introduce a new pay-per-mile tax for Electric Vehicle (EV) and Plug-In Hybrid drivers, confirmed in the Autumn Budget 2025. For years, these drivers have benefitted from incentives meant to encourage them to switch from petrol and...
The November Budget 2025 has arrived. The unexpected and accidental early publication caused a buzz in Westminster and gave the public an early look at the government’s plans. The 2025 Budget introduces major tax changes, new support measures and several important...
From 1st December 2025, savers across the UK can enjoy much stronger protection for their money. The Financial Services Compensation Scheme (FSCS) will increase its protection limit from £85,000 to £120,000. The Bank of England approved this rise because inflation has...
The Spring Statement 2025, introduced by Chancellor Rachel Reeves, comes with a strong focus on fiscal discipline, economic growth and government reform. New Fiscal Rules At the heart of the Spring Statement 2025, are two key fiscal rules: Balancing the budget by...
The UK Budget is a financial statement presented by the Chancellor of the Exchequer. It outlines the government’s economic plans, including taxation and spending changes. The decisions made in the Budget influence the economy, determine the level of public...
The Autumn Budget 2024 The 2024 Autumn Budget brings changes across wages, business taxes and public spending. Here’s an easy breakdown by category to help you understand what’s new and how it may impact you. Employers National Insurance Contributions The government...
Back in the Spring Budget 2024, the government announced the abolition of the Furnished Holiday Let (FHL) Tax Regime. Now, as of April 2025, the abolition has fully come into effect. From this date, HMRC will treat all income from these types of properties under the...
The Bank of England Cuts the Base Rate to 5% On the 1st August 2024, the Bank of England cut the base rate from 5.25% to 5% – marking the first base rate cut in over four years! The Bank of England (BoE) uses the base rate to control inflation, which also...
Double Cab Pick Ups Before the legal and political debates, Double Cab Pick Ups (DCPUs) were widely classified as “goods vehicles” for tax purposes. This classification provided the following benefits: Capital Allowances – Businesses could deduct a...
Spring Budget 2024 In the Spring Budget 2024, Chancellor Jeremy Hunt made several key announcements that could have significant implications for individuals and businesses across the UK. Here’s a breakdown of the main points and what they might mean for you. Taxation...
Budget Highlights 2023 The Chancellor presented his Spring Budget on the 15th of March 2023 and we’re here to discuss some of the highlights. The Economy: The OBR expects inflation to fall from 10.7% to 2.9% by the end of 2023. UK economy will shrink by 0.2%...
The Chancellor presented his Autumn Budget and Spending Review on 27 October 2021 and we’re here to discuss some of the highlights. Income tax rates and thresholds The rates and thresholds applying for 2022/23 were confirmed. Personal allowance As...
