Boosting your State Pension

Boosting your State Pension

HMRC has issued a new press release reminding individuals of a limited-time opportunity to improve their State Pension by addressing gaps in their National Insurance Contributions (NICs) for tax years between April 2006 and April 2018. Originally set to expire on 5...
Recent speculation on forthcoming Budget

Recent speculation on forthcoming Budget

There is unlikely to be much to celebrate when Rachel Reeves delivers her first Budget on the 30th of October. Speculation is rife regarding the likely targets for tax increases. We have listed a few of the more persistent predictions below. But note, these are...
Managing business cashflow

Managing business cashflow

Cash Flow Forecasting Creating a cash flow forecast helps you predict your inflows and outflows, allowing you to anticipate any cash shortages. Update it regularly, be conservative in estimates, and account for any seasonal trends. A well-maintained forecast can help...
Pension fund withdrawal options

Pension fund withdrawal options

Most personal pensions set a minimum age at which you can start withdrawing money, typically not before age 55. Some pension benefits can be taken tax-free. Generally, you can withdraw 25% of your pension pot as a tax-free lump sum, with a maximum of £268,275....