The biophilia hypothesis is the belief that humans are genetically predisposed to be attracted to nature. It states that all humans inherently love the natural world. This idea that we are drawn to, and indeed need, nature was first put forward by a man named Edward O. Wilson in his book “Biophilia” published in 1984. It’s ostensibly a lasting …

Earth Day marked its 51st anniversary on 22nd April and this year’s theme was ‘Restore Our Earth’, which focuses on reducing our impact on the planet and finding ways to repair the world’s ecosystems. The international day of awareness had an estimated one billion people taking action for the future of the planet, with events …

In the March budget the Chancellor announced he would be freezing all tax allowances and thresholds from 2021/22 until 2026, but there were some pre planned changes coming in anyway. The changes are detailed below: Income Tax 2020/21 2021/22 Personal Allowance £12,500 £12,570 Basic Rate Tax (20%) Up to £37,500 Up to £37,700 Higher Rate …

Following the 2021 Budget announcement, we have summarised below the key take-aways in order to provide a timely update. Whilst there seems to be little immediate change, we will pick up any required action with clients on an individual basis. If you have any concerns following the announcement, please don’t hesitate to contact a member …

We’re often asked how best to extract profits from a business. Whilst additional options apply when retirement is being considered, for an ongoing business there are three main options; salary/bonus; dividends; pension contributions. Whilst the best option will always depend on personal preference the interaction of the 4 main taxes needs to be considered. Additional …

In 1796 the world’s first vaccine was developed; the smallpox vaccine. Almost two centuries later, in 1980, smallpox had been eradicated completely from the Earth. Before Autumn 2019 there were no scientists studying COVID-19, and yet in 10 short months, a vaccine was developed – the 21st century equivalent of putting a man on the …

Following Prime Minister Boris Johnson’s announcement of a third national lockdown for England on Monday, Chancellor Rishi Sunak, has announced further one-off ‘top-up’ grants for the retail, hospitality, and leisure sectors. The aim is to help keep such businesses afloat during their closure until at least mid-February, at which time the latest restrictions are to …

With Christmas almost here, there is less festivity in the air than usual and it’s fair to say that 2020 has been a challenging year for everyone. Unfortunately, circumstances don’t look like improving just yet, but we should take this time to reflect on a historic year. At Eldon, we have been extremely fortunate to …

In 2019, the Court of Appeal found that changes made to firefighters’ pensions were discriminatory on the grounds of age, with the government later confirming that this ruling applied to all public sector schemes (Teachers, NHS, Civil Service etc). The issues relate to public sector pension reforms in 2015, where members closer to normal retirement …

Rishi Sunak revealed his Spending Review on Wednesday and indicated initial steps to help fund the borrowing undertaken this year. One of the biggest changes to be announced was that the use of the Retail Price Index (RPI) is to change to Consumer Price Index including Housing costs (CPIH). To the relief of many, however, …