You may recall that HMRC has confirmed it is no longer necessary to declare interest received as long as the total is below £10,000. Details of interest received should be provided directly to HMRC by the banks and building societies who should adjust their records accordingly. Individuals are often being issued with a tax calculation …

Help to Buy ISAs were first introduced back in 2015, to help first-time buyers save up a deposit for their home. The government will add 25% to an individual’s savings, up to a maximum of £3,000 on savings of £12,000. However, Help to Buy ISAs are only available until 30th November 2019. Following this date, …

2019 has been a hugely successful year for Eldon. Our core focus has always been, to engage with our clients over the long term, and in a meaningful way, enabling them to get the most from life. We enter awards not for the purpose of competing and winning, but to take the opportunity to seek …

Following parliamentary delays and campaigns against plans, the government has announced an end to the controversial new scheme to charge for probate fees. The proposed new system would have seen the introduction of probate fees on a sliding scale, executors of high value estates would be charged more. The changes were set to take effect …

Property, or ‘bricks and mortar’ as a lot of people refer to it, has often been thought of as a “safe” investment, and more so than pensions. Indeed, the private rented sector is ever growing and increased by 1.7 million households between 2007 and 2017. It is also predicted that by 2023, 1 in 4 …

Eldon Financial Planning along with 800 other North East business leaders and Chamber members, were proud guests of the North East England Chamber Annual Dinner, on the 26th of September, at Durham Cathedral. Our Directors Gemma and Kevin hosted a table and welcomed our own Eldon colleagues, along with local business leaders, and friends of …

Two weeks is a relatively short amount of time. Though two weeks in a new job can feel like such a significant change in your life, a long beginning to the remainder of a journey. This process, however, has been made so comfortable by my colleagues here that I wonder why I was as nervous …

The current limit for individuals making pension contributions in 2019/20 stands at the lower of, 100% of their UK relevant earnings or £40,000. This is called the Annual Allowance. However, since April 2016 the Annual Allowance of £40,000 is restricted for higher earners under what is called the Tapered Annual Allowance. The taper applies to …

Recently, the Office of Tax Simplification (OTS) published its second report, a review of and recommendations for the current Inheritance Tax (IHT) regime. We should caveat, that the recommendations are not specific and more a “direction of travel”. 3 main areas were considered for simplification: Lifetime Gifts Interactions with Capital Gains Tax (CGT) Business and …

It is an exciting time for Eldon; we have two new colleagues joining the business in September. Beth and Robyn will be joining us, bringing with them a wealth of experience and knowledge from previous roles in the Financial Services profession. Eldon is a business with clients, colleagues, values, and ethics at the core. We …