July 2023 News Archive

In this article we list three important tax implications that may come with using trusts to pass money to your loved ones.

In this article we list three important tax implications that may come with using trusts to pass money to your loved ones.

UK inflation, the measure of how prices are increasing, fell to 7.9% in the year to June, according to the latest announcement from the Office for National Statistics (ONS). This is in contrast to last month when inflation rose at a higher rate of 8.7% in the 12 months to May.

The latest drop sees UK inflation fall to the lowest annual rate since March 2022.

Interest-only mortgages will temporarily reduce your monthly repayments, but you’ll likely pay more in total at the end of your term.

Interest-only mortgages will temporarily reduce your monthly repayments, but you’ll likely pay more in total at the end of your term.

The account offers a rate of 4.50% AER but includes some withdrawal restrictions.

The account offers a rate of 4.50% AER but includes some withdrawal restrictions.

It is the first time these figures have exceeded this point since 2008.

It is the first time these figures have exceeded this point since 2008.

NS&I will be increasing its Premium Bond prize fund rate to 4% from the August draw – the highest it’s been since 2007.

NS&I will be increasing its Premium Bond prize fund rate to 4% from the August draw – the highest it’s been since 2007.

It also includes a £175 switching incentive on its 1st Account.

It also includes a £175 switching incentive on its 1st Account.