There are many situations that can arise that may prevent people from being able to manage their own finances, and these can occur at any stage of life. The question is what happens when you are unable to manage your affairs and nothing has been put into place? The ‘default’ position is that your family …

We are delighted to welcome the lovely Kate McCarthy into our team. Kate is working alongside Tony O’Brien, with a view to taking on his role of Compliance Administrator as and when he retires (planned for mid-2019). As part of her training, she will undertake qualifications towards the Diploma in Regulated Financial Planning. Kate has …

As you might imagine the majority of our clients, in keeping with the rest of the UK population, typically don’t like to waste money – and nor should they! We therefore spend time helping our clients find the best rate of interest for their hard earned savings. We research the market and negotiate with investment …

It’s that time of year again! Exams are coming to an end and the thoughts of many students turn toward University – Freedom, freshers week, and fun. For parents (and students) there’s also the issue of finance. Who’s paying for the next three years? Should loans be taken out? Should we ‘stump up’ in advance? …

Following on from our article about Lifetime ISAs, this week we take a look at the ‘good old’ cash ISA. The humble cash ISA has been on a journey over time. In 1990 John Major, in his only budget as Chancellor of the Exchequer, launched tax-exempt special savings accounts (TESSAs). These were open to anyone …

The Lifetime ISA (LISA) was added to the suite of ISA choices in April 2017 and is designed to encourage those under 40 to either save for their first home or to provide for their retirement. They allow individuals to save a maximum of £4,000 each tax year within the LISA wrapper and any contributions …

We are absolutely delighted to win the ‘Service Business of the Year’ Award at the Make Your Mark Awards last night. The awards are open to all businesses on Aycliffe Business Park (over 500 of them) whatever their line of work. The business park has a strong community ethos and is the largest in the …

April 2018 marked the third anniversary of the pension freedoms rules, and these have proved very popular. These have given more flexibility, but they also come with more responsibilities too. In July 2017, the Financial Conduct Authority (FCA) released its Retirement Outcomes Review, which found that just over half of the pension pots that had …

Here we are. Spring has sprung, the birds are singing, and it’s a new tax year. Exciting huh? Okay maybe not ‘exciting’ as such but certainly it affords us all new opportunities. There are new allowances, the opportunity for further funding of pensions, the possibility of completing that self-assessment return well before the deadline… All …

As you may be aware, Royal Mail has confirmed that not all postal deliveries are getting through due to the unseasonal weather. Here at Eldon, we did not receive any post yesterday or today which is unusual. If you do have any concerns or would like to discuss anything then please do email your adviser …