The Autumn Statement brought positive news for savers and investors as the Chancellor announced significant changes to the current setup of Individual Savings Accounts (ISAs). These changes, set to take effect from April 2024, offer more flexibility and choices, marking a notable shift in how people can manage their ISAs. Increased flexibility in ISA management […]
Chancellor Jeremy Hunt announced a consultation on workplace pensions in November’s Autumn Statement, focusing on allowing workers the flexibility to choose their own pension schemes, rather than being limited to their employer’s choice. This approach aims to address the issue of multiple small pension pots accumulated by employees who change jobs frequently. The ‘pot for […]
As the festive season approaches, we often find ourselves in search of the perfect gift for our loved ones. While traditional presents like gadgets, clothes, and toys are always appreciated, there is one gift that stands out for its lasting impact – the gift of protection through life, sickness, and income insurance. Life insurance Life […]
Chancellor Jeremy Hunt has announced a number of reforms to policies concerning businesses and innovation, in a bid to enhance growth in the economy. A significant measure concerns various tax relief schemes for businesses in the Research and Development (R&D) sector. Many operators in this sector are eligible for Corporation Tax relief on qualifying expenditure […]
Designed to reduce the tax gap and simplify tax management for individuals and businesses, the Government’s Tax Administration Strategy is set to introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) by 6 April 2026. It will allow those who are self-employed, are landlords or are otherwise responsible for their own tax returns to […]
Alongside measures designed to support growing businesses and workers, the Chancellor’s 2023 Autumn Statement saw the publication of the Future of Payments Review. Chaired by former HSBC Chief Executive, Joe Garner, the review comes as many retailers are struggling with the shift to digital and card payment exclusively. The past few years have seen many […]
In retirement planning, you may encounter a multitude of options and strategies to increase your pot, but some have a catch. However, some prospects are more valuable, and one such opportunity is currently presenting itself to individuals aged 40 to 73 in the United Kingdom. If you fall within this age bracket, it is imperative […]
During the 2023 Autumn Statement, Chancellor Jeremy Hunt made a significant announcement about investment zones that could impact numerous businesses across the UK. The four new investment zones in Greater Manchester, West Midlands, East Midlands (England), and Wrexham and Flintshire (Wales) signify a concerted effort to bolster economic development and stimulate business growth alongside the […]
In the world of business, cash flow is king and, for small business owners, it is a lifeline that keeps their ventures afloat and enables growth. However, in recent times, late payments have been an issue that has been casting a shadow over small businesses across the UK. Below, we investigate this pressing concern and […]
As we turn the page into another year, The Corporate Finance Network has been collating the experiences of corporate finance advisers in the owner-managed business sector and sharing views on what the market is likely to bring in 2024. As a member firm of The CFN, we contributed to this report and are pleased to […]
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