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 …

Individuals wishing to maximise their State Pension entitlement are able to purchase credit for missing years by making voluntary class 3 National Insurance (NI) contributions and the government is now giving people more time to make these contributions. When the ‘new’ State Pension was introduced, transitional arrangements were put in place to allow people to …

HMRC has recently highlighted that more than 800,000 taxpayers claimed tax refunds for work expenses during the 2021/22 tax year and is reminding employed workers that they can claim tax refunds on work-related expenses that are not reimbursed by their employer through the GOV.UK website. You can submit a claim through HMRC’s online portal, and …

Ofgem, the energy regulator, announced a reduction to the Energy Price Cap on Thursday, which is set to see a long-awaited drop in energy bills for millions of households across the UK. The new limit will come into effect from July, to be reviewed every quarter thereafter. The Price Cap limits the amount that suppliers …