WizeUp Financial Education Recently, paraplanner Natasha had the privilege of attending one of WizeUp’s impactful visits at Framwellgate School Durham. The sessions throughout the day catered to both Sixth Form students and Year 10 pupils, offering them invaluable insights into personal finance management. The engaging workshop covered essential topics such as savings, budgeting, flat sharing, …

As we welcome summer, the weather seems to be playing tricks on us. The recent spell of cold and wet days has left us all wondering if we skipped right past the sunny season. Despite the lack of summer warmth, we are thrilled to share some wonderful news and updates from Eldon. Find out more …

There has recently been an influx of convincing scams circulating the UK and with the development of Artificial Intelligence (AI) continuously progressing, so are the methods fraudsters use. It is important to stay alert and take preventative measures to help avoid these scams. What can you do to avoid a scam? Treat all unexpected communications …

HMRC have made improvements to their mobile phone app which could help individuals to find information and manage taxes, without needing to pick up the phone. The app allows you to: • Check your PAYE tax code – this ensures you are paying the correct amount of tax on your income. • Claim a P800 …

For working parents, there have been some recent changes to the benefits available from the Government, which are coming into force during the 2024/2025 tax year. Two of the main changes were announced in the Spring 2024 budget which affect Child Benefit, as well as the provisions for free childcare. Child Benefit Child Benefit is …

The 2024 Spring Budget announced the launch of British Savings Bonds. British Savings Bonds are a savings account offered by National Savings & Investments (NS&I) and are intended to be priced mid-market in relation to similar products with the aim of savings being “invested back into supporting the UK”. The account on offer is a …

With the 2024/25 tax year fast approaching, it’s worth considering the various allowances available to individuals. Such allowances will ‘reset’ from the beginning of the new tax year; 6th April 2024. Below, we have outlined some of the key considerations and the current rules: ISA Allowance This is the maximum amount that can be invested …

Earlier this month, we welcomed Laura to Eldon. Laura will be strengthening the administrative arm of our team. Below is a short introduction from Laura: “I moved back to the North 6 years ago after living in London for several years, where I worked in the city for a boutique VCT investment company. Since moving …

There were no great surprises in the Spring Budget announced on Wednesday 6th March 2024. We’ll consider the impact for each of our clients at their planning meetings but for those who would like a general update, we’ve set out some of the key takeaways below: National Insurance The big saving this time was a …

The deadline of 31st January 2024 for submitting Self Assessment tax returns for the 2022/23 tax year is looming. If you need to submit a tax return, it is important to do so by the deadline to avoid paying late filing penalties. You can check whether or not you need to complete a tax return …