As announced in the Autumn budget, any capital gains tax liability arising on the sale of UK residential property will now need to be paid within 60 days of the date of completion of a sale. This became effective immediately and applies to completions taking place on or after 27th October 2021. Previously if buy-to-let …

This week, Eldon welcomed Tom Babbé as a new addition to our paraplanning team. Below is a short introduction from Tom: I graduated from Newcastle University in 2021 with a Mathematics BSc degree and joined Eldon shortly after. Having worked in Financial Services before in my hometown of Guernsey, I knew that this was something …

On Wednesday 27th October, the Chancellor, Rishi Sunak, unveiled his plans for the Autumn budget including a proposed £150 billion post-Covid spending spree by 2024/25. He admitted that inflation is set to rise on average by 4% over the next year and taxes are also set to rise. One of the biggest controversies is the …

The UK experienced rising levels of fraud throughout the coronavirus pandemic and it is estimated that more than £750m was stolen from consumers in the first six months of 2021. According to UK Finance, less than half of the money lost in these cases was refunded by banks. Scams are becoming ever more sophisticated, and …

Many savers will be aware of how low interest rates are at present and have been for several years now, with the most competitive rates on easy access savings accounts currently around 0.50% pa gross variable. On the other hand, this has meant that rates on mortgages have been historically low. Many will remember rates …

Following the announcement by Boris Johnson on 7th September, we have outlined below points for consideration: Social Care Plan A new social care tax is set to be introduced across the UK to fund reforms to the care sector and NHS off the back of the Coronavirus. The intention is to implement a 1.25 percentage …

We are very pleased to announce that both James and Adam have passed their latest exams and have now completed the Advanced Diploma in Financial Planning meaning they are now Chartered Financial Planners! The Advanced Diploma exceeds the minimum qualification level required by authorised advisers, building on core knowledge to develop specialist capabilities in order …

Huge congratulations to our very own Paraplanner James Hunt who has stepped up to be a Financial Planner. James started his career in Financial Services in 2015 when he left University with a degree in International Finance and Banking. After a stint as a paraplanner at another firm, James joined the Eldon Team in May …

As retirees will be aware, their State Pension increases each year. The increase is determined by the ‘Triple Lock’ which means it will increase by the higher of: Consumer Price Index (CPI) – measured in September Average Wage Increase – measured in July 2.5% This means as a minimum, the State Pension should increase by …

Last week the Financial Conduct Authority (FCA), our regulator, announced that it has fined LBGI, the insurance division of Lloyds Banking Group, £90.7 million for failure to ensure that their home insurance renewal communications were clear, fair and not misleading. Between 2009 and 2017, LBGI (made up of Lloyds Bank General Insurance Limited, St Andrew’s …