P60 form deadline is approaching – what you need to know May 23, 2025 Employers are required to issue a P60 form by May 31 – but what is the form actually for, and what happens if your employer misses the deadline? If you’ve been employed for some time, you’ll have heard of a P60, but understanding what it is and why it matters is vital. If you’re an [...]
Why you should invest early in the tax year May 22, 2025 Data shows that those who invest regularly and at the start of the year can be thousands of pounds better off than those who wait until the end. We’re about a month into the tax year, and there’s no time like now to make sure your investments are working as hard for you as they [...]
What the Bank of England’s interest rate cut means for your mortgage May 8, 2025 The Bank of England has reduced rates by 0.25 percentage points to 4.25 per cent in a hotly anticipated cut that will leave homeowners with big decisions for their mortgage deals. The reduced cost for banks to borrow money will have broad implications for the mortgage market, as banks lower interest rates on loans. Major [...]
Regular or fixed? How to know which savings account is right for you May 8, 2025 Recently, savers have enjoyed some of the best interest rates in years, but as the Bank of England continues cutting interest rates, this may be coming to an end. This makes it crucial to move your cash to a place where it will be working as hard as possible for you. The good news is [...]
Consumer confidence drops as inflation fears mount April 25, 2025 Brits’ confidence about their own finances, as well as those of the Treasury, has dipped as geopolitical uncertainty mounts. GfK’s long-running confidence index dropped by four points to -23 in April, driven by an eight-point drop in how Brits see the economy and a four-point drop in how Brits see their own finances. The findings [...]
Why investors should keep calm and ignore the noise – even when markets are volatile April 8, 2025 Camilla Esmund, senior manager, interactive investor – the UK’s second largest investment platform for retail investors This is not financial advice and is for educational purposes only —– To quote Kobe Bryant: “Never get bored of the basics.” It’s a phrase that resonates with many areas of our lives. We’re now into the new financial [...]
How could the government reform ISAs? April 4, 2025 The Labour government confirmed plans to make changes to the ISA system at its recent Spring Statement, in a bid to promote a culture of retail investment in the UK. City figures have welcomed the prospect of ISA reforms, which appear likely to be introduced at the next fiscal statement in the Autumn. It remains [...]
Cash ISA: What are the alternatives? April 3, 2025 Rumours are growing over expected reforms to Cash ISAs, as the Treasury searches for ways to boost its coffers. Under the current ISA regime, savers can place up to £20,000 per tax year in a Cash ISA without paying any tax on the interest they earn. This threshold could be reduced to £4,000 under Labour’s [...]
How to maximise your pension before the end of the tax year April 2, 2025 As the end of the tax year approaches on April 5, savers have a few days to maximise their pension contributions tax allowance. Private pension contributions are tax-free up to a limit, under a regime that applies to workplace pensions, personal pensions (such as SIPPs) and overseas pension schemes that qualify for UK tax relief. [...]
How to get your personal finances in order before the end of the tax year April 1, 2025 As we enter the final week of the 2024-25 tax year, the good news is that investors still have time to maximise their tax-free allowances to protect their wealth from HMRC. The not-so-good news is that many savers and investors don’t seem to be aware of this, and the clock is now ticking.