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 …

We are delighted to announce that Eldon has partnered with WizeUp Financial Education. WizeUp, a financial education and employability charity, was founded as a not-for-profit company in 2011 and granted charitable status in 2020. They are highly experienced in making financial education accessible and interactive through the delivery of workshops in schools across the country. …

The Autumn Statement on Wednesday 22nd November announced a few key changes, which we have summarised below: State Pension Prior to the announcement, we had been waiting for confirmation as to whether the Triple Lock guarantee would be retained for State Pensions. The guarantee sees the State Pension increase by the higher of inflation (measured …

Santander launched their new ‘Edge Up’ current account earlier this year, effectively replacing the 1-2-3 account which is no longer available to new customers. Existing customers can still keep their 1-2-3 account if they wish, but it is worthwhile to check whether switching to the new Edge Up account will be more beneficial. The Edge …

A Private Members’ Bill to help millions save more into their pension and start saving sooner has cleared Parliament and been granted Royal Assent. The changes reduce the minimum age for being automatically enrolled into a pension from 22 to 18 and remove the lower qualifying earnings threshold to enable pension saving from the first …

Eldon welcomed Ellie Boylan as a new addition to the administration team last Monday. Below is a short introduction from Ellie: “Upon leaving school in 2020, earlier than expected due to the COVID-19 pandemic, I decided my goal was to pursue a career in Financial Services. I secured an apprenticeship at a wealth management company …

Paraplanner Tom has now gained his Diploma in Financial Planning. Tom started his studies when he first joined Eldon in November 2021, gaining the Diploma in just under 2 years. Considering he has become a father and a husband in that time too, this is a fantastic achievement! Tom is now working towards the Advanced …

With Artificial Intelligence (AI) seemingly in the news every day, it is no surprise that developments in this area are under scrutiny. Ernst & Young partner, Saby Roy, quoted that ‘the entire world is in a discovery phase right now’, with every industry looking to branch out into AI technology in some way or another. …

In June, The Office for National Statistics (ONS) announced the Consumer Prices Index (CPI) rose by 7.9% compared to the previous year. This is down from 8.7% in May which reflects a ‘slowdown’ in the annual rate between May and June. As inflation is beginning to slow, it is expected that future increases to UK …