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£32 billion hole in UK savings pots 

£32 billion hole in UK savings pots Rise in living costs forcing many people to dip into their financial reserves The average cost of housing, food, and energy bills have increased by nearly £500 per month as of September last year compared to August 2022, according to statistics regarding the cost of living in the country[1]. This rise in living costs has forced many people to dip into their financial reserves. The survey showed [MORE]

Changes to the State Pension

Changes to the State Pension ‘Triple Lock’ to increase by 8.5% from 6 April 2024 The State Pension is set to increase commencing on 6 April 2024 due to a mechanism known as the ‘Triple Lock’. Chancellor Jeremy Hunt has announced an increase of 8.5%, which pensioners will welcome. The State Pension is a recurring benefit paid out every four weeks by the government. This payment is made available to individuals who have [MORE]

Tax-saving measures

Tax-saving measures What actions to review before the 2023/24 year-end? Have you recently evaluated your personal tax situation? Is your tax structure optimised for efficiency? As we approach the end of the tax year on April 5, 2024, it presents an ideal opportunity to assess and leverage the various allowances and reliefs available to enhance your tax profile. Allocating time for this review can provide valuable insight into potential opportunities for you and [MORE]

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