Everything you need to know about the 2021 Autumn Budget
Posted by siteadmin on Wednesday 27th of October 2021
“Employment is up, investment is growing, public services are improving, the public finances are stabilising, and wages are rising.” This is the backdrop against which Rishi Sunak presented the 2021 Autumn Budget.
Promising “a stronger economy for the British people”, the chancellor outlined his taxation and spending proposals. Here’s a summary of the key points and what they mean for you.
Firstly, though, a reminder of two important tax changes that have already been unveiled.
2 important announcements already made
Back in September, th...
Why interest rates could start to rise in 2022 and what it means for your mortgage
Posted by siteadmin on Monday 6th of September 2021
Low interest rates have made borrowing money cheaper than ever, but interest rates could start to rise in the next 12 months. If you’re paying off a mortgage, it could affect your outgoings and the full cost of borrowing.
We’ve experienced over a decade of very low interest rates. That’s been good news if you’re borrowing but has negatively affected savers. However, this could change as the economy begins to recover from the effects of the pandemic.
The Bank of England (BoE) first cut interest rates to record lows following the 2008 financ...
Tax changes and increasing regulation mean a fifth of landlords are considering reselling
Posted by siteadmin on Monday 6th of September 2021
Property is often seen as a way to generate a passive income or to fund retirement. Yet a survey has found that an increasing number of landlords are considering selling at least a portion of their property portfolio due to tax and regulation changes.
Property can be a useful asset to invest in. However, if you’re thinking about purchasing a buy-to-let property, it’s important you fully understand the responsibilities and potential financial returns. If you already have buy-to-let properties, it’s just as important that you keep on top of c...
