Rising inflation has been a theme of 2022, and September’s inflation figure has now been announced, with the Consumer Price Index (CPI) at 10.1%. According to the Office for National Statistics, this has been driven by increases in the price of food despite declines in fuel prices. September’s CPI is a significant figure, as each …

On Friday 30th September, the Eldon team completed their ’20 Miles for 20 Years’ challenge, with a 20-mile hike around Ullswater Way. The purpose was to celebrate 20 years of the firm’s existence, with the funds raised being directed into our Charitable Fund with the County Durham Community Foundation (the Foundation). Funds will then be …

With the cost of living crisis taking hold and energy/fuel bills increasing significantly, many individuals have been forced to make cut-backs where possible. One such area appears to be pension savings, to help provide more disposable income on a monthly basis. Whilst this may be temporary, and reductions minor, we need to consider the longer-term …

From 6th July 2022, the level at which people start making National Insurance contributions (NICs) rose from £9,880 to £12,570. According to the Treasury, the threshold change means that 70% of UK workers will pay less in NICs, even after accounting for the 1.25% increase through the Health and Social Care Levy which came into …

The deadline for registering trusts on the new Trust Registration Service (TRS) of 1st September 2022 is fast approaching and now under 2 months away. As a reminder, the new rules, which were introduced on 6 October 2020, extended the scope of the TRS to UK (and some non-UK) trusts, regardless of whether or not …

Our Summer Newsletter covers an update on Eldon’s developments together with a range of other articles. I hope you enjoy reading it. If you have any ideas for future articles or any feedback, please feel free to get in touch. Click here to view the newsletter.

Whether you are wanting to help your children in the future with a house deposit, wedding or to provide them with funding to pay for university, saving for your children can help them get off to a flying start. Teaching young people the value of savings can also lay the foundations for a wealthier, more …

In response to rising inflation, the Bank of England increased the Base Rate in December, February, and March, with this now at 0.75% pa. As a result, interest rates have increased on both mortgage products and savings accounts. Santander, for example, have now increased the interest rate on their 1-2-3 current account from 0.30% pa …