Into the ice age: the diminishing personal allowance

The frozen personal allowance may be overtaken by the new state pension in only a few years, proving the income tax screw is well and truly tightening. Source: DWP, HMRC, OBR. The new state pension, payable to eligible individuals who … Continue reading

Company cars: not-so-free fuel

If your employer pays for the fuel in your company car, it may cost you more than you expect. As the Autumn Statement was not a Budget, detailed publications that would normally emerge as the Chancellor sat down have taken … Continue reading

Premium bonds: rate cut and prize boost 

From January, National Savings & Investments (NS&I) will increase its premium bond prize fund rate to 3% and reduce £25 prizes, instead increasing the number of higher-value prizes that are up for grabs.   In January 2022, about 98% of all … Continue reading

Your New Year financial checklist 

2022 was an eventful year, giving you good reason to think about your financial planning for 2023.   Last year we saw three prime ministers, four chancellors, no formal Budget (even if the Autumn Statement looked remarkably like one), high inflation, … Continue reading

Cohabitation law reforms rejected 

The government has rejected proposals to modernise cohabitation laws in England and Wales, leaving it up to individuals to arrange their financial affairs for partners and dependents.   In August, the House of Commons Women and Equalities Committee published The rights … Continue reading

Investors set to pay more tax  

The new Chancellor’s Autumn Statement has increased the tax bill for many investors.   In his Autumn Statement, the Chancellor, Jeremy Hunt, said that in making decisions on tax the government followed a broad principle that “we ask those with more … Continue reading

Caught by the additional tax rate taper trap 

A growing number of taxpayers are being caught by the personal allowance taper, which will be exacerbated by the reduced additional rate tax threshold of £125,140. With many also questioning why the new threshold is not a round number, a … Continue reading

Looking for alternative Christmas presents? 

Why not consider a different kind of gift for your children or grandchildren this Christmas – perhaps one with a financial twist?  According to a prediction made by Hamleys in October, among some of the top bestselling toys this Christmas … Continue reading

Nurture Winter 2022

Welcome to the Winter edition of our newsletter

Please click the image to the left to download the PDF

The lessons from the U-turns

The rapid unwinding of most of September’s so-called mini-Budget has important implications. Gone are the days when a Chancellor made only two set piece announcements each year and, for the remaining days of the year, tax remained generally out of … Continue reading

Tax Tables 2022/23

2022/23 Tax Tables Click the image to download PDF.

Please click the image to the left to download the PDF

Dissecting inflation: what a difference a year makes

Annual CPI inflation hit 10.1% in September, but that does not mean every price is showing a double-digit increase. Source: ONS The September Consumer Prices Index (CPI) inflation reading is probably the most important inflation metric in a given year. … Continue reading

Nurture Autumn 2022

Welcome to the Autumn edition of our newsletter

Please click the image to the left to download the PDF

Nurture Summer 2022

Welcome to the Summer edition of our newsletter

Please click the image to the left to download the PDF