Eldon Financial Planning along with 800 other North East business leaders and Chamber members, were proud guests of the North East England Chamber Annual Dinner, on the 26th of September, at Durham Cathedral. Our Directors Gemma and Kevin hosted a table and welcomed our own Eldon colleagues, along with local business leaders, and friends of …

Two weeks is a relatively short amount of time. Though two weeks in a new job can feel like such a significant change in your life, a long beginning to the remainder of a journey. This process, however, has been made so comfortable by my colleagues here that I wonder why I was as nervous …

The current limit for individuals making pension contributions in 2019/20 stands at the lower of, 100% of their UK relevant earnings or £40,000. This is called the Annual Allowance. However, since April 2016 the Annual Allowance of £40,000 is restricted for higher earners under what is called the Tapered Annual Allowance. The taper applies to …

Recently, the Office of Tax Simplification (OTS) published its second report, a review of and recommendations for the current Inheritance Tax (IHT) regime. We should caveat, that the recommendations are not specific and more a “direction of travel”. 3 main areas were considered for simplification: Lifetime Gifts Interactions with Capital Gains Tax (CGT) Business and …

It is an exciting time for Eldon; we have two new colleagues joining the business in September. Beth and Robyn will be joining us, bringing with them a wealth of experience and knowledge from previous roles in the Financial Services profession. Eldon is a business with clients, colleagues, values, and ethics at the core. We …

At this time of the year HMRC will begin sending out P800 tax calculations. These calculations are provided to individuals who pay tax through PAYE and show if you have either underpaid, or overpaid, tax. Any calculations should be treated with caution – it is by no means certain that they will be correct and …

There are many different approaches that can be taken to IHT planning, each having their own merits and being appropriate to different individuals in different circumstances. Making gifts is one of the most common approaches, whether it is a gift to an individual or into trust, or even to charity. As a starting point, every …

You would have been hard pressed to miss the news that the Woodford Equity Income Fund is now suspended for dealing. It has been covered extensively in the media, with a sideshow focusing on the spectacular fall from grace of former ‘star’ fund manager Neil Woodford. Mr Woodford has been a successful “active” fund manager …

Inheritance Tax (IHT) can often be a major worry for people when it comes to their financial planning, with people often not wanting to pass further wealth on to HMRC, having worked hard to accumulate it, but there are often many misconceptions when it comes to IHT. As of 2019/20, individuals have a standard nil …

We are truly delighted to have been awarded the ‘Gold Standard’ for good practice when giving pension transfer advice on safeguarded benefits (such as defined benefits pension transfers). The title has been introduced across the UK to help the public better understand what to expect from regulated advice, and to identify advice firms that have …