Category: Articles

Inflation effectively shrinks the value of your money over time and according to the Consumer Price Index, which tracks the cost of household items, the value of £1,000 on the high street at the start of 2012, would now have climbed to £1,153 today.

People are increasingly looking to facilitate a smoother and faster divorce by keeping it out of court. As such, former couples are turning to mediation as a way of resolving the issues arising from their separation (including financial and child arrangements).

Cash ISAs have become a popular way for many to stash away the cash with the aim of climbing the ladder, with the Help to Buy ISA in particular helping many save that all important deposit. While buyers can no longer take advantage of the scheme there are a whole host of Cash ISA saving accounts that average a return of 2.12% a year with a maximum annual investment of £20,000 allowed.

Applying for credit at the till or checkout is becoming more and more common. Klarna, one of the biggest ‘Buy Now Pay Later’ credit companies promote their product as a way to improve customer’s spending power, both in store and online. The risk, however, is frivolous purchases and over-buying.

Anyone born after 6th April 1978, faces being nearly £50k out of pocket from lost state pension income as a result of the Government moving the pension age goal posts. However, there are moves you can make now to bridge this gap and increase your lost pension pot through investing wisely.

As the death toll in China soars, incidents are being reported across the world, with the virus now having a knock-on effect on travelling, the financial markets and is triggering rising panic.

Breakdown cover was identified as the least well-understood additional policy with more than two out of five wrongly believing all policies provide cover from the first installment.

New analysis reveals the top five money transfer markets for UK residents that account for nearly one third of the total sent home.

19% of those who completed a tax return in the past two years believe they may have made an error that resulted in lost income. In this article, we'll be taking a look at seven of the most common tax mistakes and how best to avoid them.

Here are some of the ways you can reduce your costs and find the cheapest car loans.

One in five UK bank customers happy to see branches close in favour of improved digital experiences.

The latest research by R&D tax credit experts, RIFT Research and Development Ltd, has looked at which names are driving the R&D sector when it comes to spend on sector innovation around the world.

“Two social systems are at work in all families. The homogeneous system of being similar, the drive for unity, and the heterogenous system of being dissimilar, the drive for autonomy. These systems create interpersonal tension and ambiguity that must be anticipated and managed in a legacy family and family business.”- Edgell Franklin Pyles, PhD Thomas Edward Pyles, MA.

They are all sectors that could be claiming for Research and Development Tax Credit, according to R&D specialists RIFT Research and Development Ltd.

The reality is that today’s CRO’s (Chief Revenue Officers) are facing extraordinary pressure to transform their departments – especially in the face of a growing shift towards digital commerce models. Once upon a time, a sales executive could rely on experience, insight, and interpersonal skills to close a deal and keep the customer buying – but today, that’s a much more difficult task.

Offshore banking is often associated with negative connotations in regard to tax evasion and criminal activity, but this couldn’t be further than the truth. Despite what you may hear, offshore banking is completely legal. Put simply, they’re bank accounts held in a country other than the one you permanently reside in. So why do you need one? James Turner, Director at York-based Turner Little, takes us through the benefits of banking offshore.

Innovation in the Fintech space can come in many forms. Whilst the idea of seamless mobile payments is far from a novel one, with many firms around the world moving to capitalise on a growing demand for accessible financial services, mBills mobile wallet has swiftly differentiated itself in the Slovenian market. Eager to find out more, we spoke to CEO, Primož Zupan to find out more about their expertise and services.

Offshore banking is often slandered, and most commonly associated with tax evasion. But this begs to question – what do people really know about offshore banking? James Turner, Director at York-based Turner Little tells us everything we need to know.

From an income tax perspective, civil partners are entitled to the same income tax allowance as married couples. Often known as marriage tax allowance, if one lower earning partner is not utilising their entire personal allowance (£12,500 for 2019/20) they can transfer up to £1,250 of it to the higher earning partner, making a saving of £250 a year.

In business, as well as in life, accidents happen. The problem is, when you’re running a business, accidents can open you up to liability, and if you’re not adequately covered, it can really cost you.

As all motorists will know, fuel prices are one of the many hidden costs of owning a car, and with fuel prices set to reach a six-year high, now is the perfect time for motorists to start thinking about how to get the most out of their tank. To help motorists cut costs over the festive period, the UK’s leading car parts provider, Euro Car Parts has shared their top five ways to save fuel by driving more efficiently.

Whilst an internationally-mobile way of living certainly has its benefits, for couples navigating the emotional process of divorce, dealing with multiple legal jurisdictions can often cause issues, particularly if one side of the divorcing party has been unfairly treated by the foreign courts.

Consumer investment site BoringMoney.co.uk has launched an independent fee calculator which provides investors with a single simple £ fee across 20 leading platforms and robo advisors.

Fintech is giving consumers greater control of how they pay, hold and spend money. It is creating a revolution in the way that funds move between people and countries.

Telecoms businesses increased their spending on research and development by £192m to £947m, according to the latest statistics. This was a rise of 25.4%, taking it to a four-year high.

Commodities are the lifeblood of commerce and economic growth. Daily FX, the leading portal for forex trading news, has built an interactive tool showing global commodity imports and exports over the last decade. John Kicklighter at DailyFX has used the tool to put together his top five things you need to know about gold.

72 percent of UK residents said they do the majority of their banking online and 77 percent consider switching to digital-only providers.

The eCommerce industry is fiercely competitive which can make it difficult to succeed. It is hard to compete with the bigger brands in your industry because they will have the reputation and visibility online to attract new customers, but there are a few key strategies that you can use which will help you to compete at a higher level and both attract and retain customers.

The study , commissioned by innovation specialists MPA for Advanced Engineering 2019, found that one in five (21%) innovation active engineering firms are not taking advantage of the government’s R&D Tax Credit scheme, which allows companies to claim back up to 33p for every £1 spent on R&D activity.

Organisations of all shapes and sizes can benefit from R&D tax credit, providing tax relief on research and development costs and while you might think the work you’re doing doesn’t qualify, R&D tax credit specialist RIFT Research and Development Ltd has released some of the stranger cases they’ve worked on to highlight just how much of the UK’s output could qualify.

Despite the Government’s efforts to encourage innovation in UK industry through the introduction of R&D tax credits, only one in five (19%) of businesses that can be classed as being ‘innovation active’ have ever claimed money back for their time developing new products or processes.

Van drivers across the country are benefiting from a continued reduction to their insurance premiums, contradicting the industry’s prediction of premium increases in the wake of the Ogden rate change, new analysis from data analytics company Consumer Intelligence shows.

Like many industries, financial services have felt the effects of uncertainty surrounding if, how and when the UK will leave the EU. There remain questions around EU regulations and how Brexit will impact financial services businesses from a regulatory perspective too. Take data protection, which was brought to attention last year with the introduction of the EU’s GDPR, and is today a big challenge for the industry.

Manufacturing firms claimed £1.25bn using R&D tax relief in the 2017-18 financial year, more than any other industry sector, a study from R&D tax credit experts, RIFT Research and Development reveals.

British Business Investments (BBI), a commercial subsidiary of the British Business Bank, has announced a new £15m Tier 2 capital facility to specialist bank, PCF Bank.

The mosaic that makes up the lives of modern wealthy people is constantly shifting and being redesigned as wealth is distributed across a more diverse range of ages, genders and nationalities than ever before. What drives wealthy people around the world has never been so complex. For wealth advisers, this means greater difficulties and greater opportunities.