Autumn Statement – November 2023

Autumn Statement – November 2023

National Insurance Contribution Reduction From 6 January 2024, National Insurance contributions will reduce by 2% for employees earning between £12,570 and £50,268 (from 12% to 10%). Although this will result in less NI being paid each year – £450 per annum...
Talk Money Week

Talk Money Week

Between 6 – 10 November, the Money & Pensions Service “Talk Money Week” is encouraging everyone to Do One Thing that could help improve your financial wellbeing. It doesn’t have to be huge … it might be as simple as checking that your pension provider has the...
Energy Tariffs Fall

Energy Tariffs Fall

On 1 October 2023, energy tariffs fell slightly, which will mean a price drop of around 7% for those on a variable tariff.  However, as this coincides with the colder months of the year, when customers will be switching on their heating and lights more, those on a...
Making the Most of your Money

Making the Most of your Money

We’ve put together 8 handy hints to help you make the most of your money. Assess your current expenses: Start by reviewing your monthly expenses to identify areas where you can cut back. Review your recurring bills, such as rent/mortgage, utilities, internet,...
WHY INFLATION AFFECTS INTEREST RATES

WHY INFLATION AFFECTS INTEREST RATES

On 22 June, The Bank of England raised interest rates to 5%.  For approximately 1.4 million people, this will almost certainly result in a rise in their monthly mortgage repayments.  Customers of credit cards, bank loans and car loans may also see a rise in the...