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The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

The Bank of England’s Monetary Policy Committee (MPC) voted to increase the base rate by 50 basis points today.

With council tax increasing for most homes, could you qualify for a refund?

With council tax increasing for most homes, could you qualify for a refund?

With the 5 April deadline looming, should voluntarily pay in your missing National Insurance contributions to boost your state pension?

With the 5 April deadline looming, should voluntarily pay in your missing National Insurance contributions to boost your state pension?

In April 2023 there will be several new, key tax changes which will affect your wealth as a high-earning individual. These changes, and how you can prepare your finances, are discussed in more detail in this article.

In April 2023 there will be several new, key tax changes which will affect your wealth as a high-earning individual.

Average petrol prices have dropped below 150p a litre for the first time since Russia invaded Ukraine last February, according to the AA.

The AA labelled the drop as “a huge relief for drivers”.

Sometimes, giving up on our New Year resolutions comes down to expecting too much of ourselves – and here at Kellands, we believe in setting achievable goals. So, here are two practical financial new year resolutions you can actually stick to for 2023.

The two important and achievable financial goals you should consider setting yourself this year.

Now that 2023 has begun, you might be looking forward to the year ahead and what’s in store for your finances. In this article we have listed five essential events which are set to impact your finances in 2023.

The wider decisions and landmark events which are set to impact your finances in 2023.

Chancellor Jeremy Hunt made his Autumn Statement on 17 November. In this article we’ve listed some of the shifts, from tax to pensions, which could impact your personal finances.

From taxes to pensions, how will the Autumn Statement in 2022 affect you?

Chancellor Jeremy Hunt confirmed today that the energy price guarantee will now be in effect until April, after it was previously set to last over a two-year period. He said that due to volatile international gas prices it “would not be responsible” to continue exposing public finances to volatile international gas prices.

Chancellor Jeremy Hunt confirmed the energy price guarantee will now be in effect until April, after it was previously set to last over a two-year period.

The plan to scrap the additional income tax threshold has been scrapped, according to a Twitter post from Kwasi Kwarteng, Chancellor of the Exchequer. The additional income tax threshold is set out for individuals earning £150,000 or more every year. This income is taxed at 45%, but the Government announced it would scrap this in its Mini Budget 10 days earlier.

The plan to scrap the additional income tax threshold has been scrapped, according to a Twitter post from Kwasi Kwarteng, Chancellor of the Exchequer.

Chancellor Kwasi Kwarteng made his mini budget speech on Friday, 23 September 2022, which included several key tax changes. In this article we have listed some of the key changes which will affect your personal finances.

In this article we have listed some of the key tax changes which will affect your personal finances.

While it might not provide enough on its own for you to maintain the lifestyle you want, the State Pension will provide a solid bedrock of retirement income, rising annually to keep pace with the cost of living. However, you might be surprised to learn that regulation changes implemented in 2016 could mean you aren’t eligible for the full new State Pension, even if you believe you have worked enough qualifying years.

Are you eligible for the full State Pension?

During the pandemic, many UK workers were required to switch an office lifestyle for a work from home set-up. Now, even after the COVID-19 restrictions have been lifted, workers can still claim a tax rebate for working from home.

During the pandemic, many UK workers were required to switch an office lifestyle for a work from home set-up.

In today’s world, there are plenty of threats to the security and viability of your wealth. You might be concerned about how the cost of living crisis will affect your savings and investments, for example, and already be having conversations with your financial planner about how to mitigate these effects. One potential challenge you could face in the coming months and years that you may not have considered is falling victim to an online scam.

One potential challenge you could face in the coming months and years that you may not have considered is falling victim to an online scam.

UK inflation reached 9.1% in the 12 months until May, the Office for National Statistics (ONS) announced today. Previously, inflation reached 9% in the 12 months to April. May’s inflation rate means it is the highest figure to be recorded in the National Statistics series, which began in 1997, and the highest inflation has been in 40 years.

UK inflation reached 9.1% in the 12 months until May, the Office for National Statistics (ONS) announced today.

The price of an unleaded litre of petrol could soon hit £2, warns the RAC. “With analysts predicting that oil will average $135 a barrel for the rest of this year drivers need to brace themselves for average fuel prices rocketing to £2 a litre which would mean a fill-up would rise to an unbelievable £110,” said Simon Williams, Spokesperson for the RAC.

The price of an unleaded litre of petrol could soon hit £2, warns the RAC.

If you are a business owner in today’s world, it is likely you are searching for ways to reduce costs. Since early 2020, businesses have weathered many storms – the COVID-19 lockdowns and supply chain issues being just two. Fortunately, there is one under-used yet effective way for both businesses and employees to save money, and that is through “salary exchange”.

If you are a business owner in today’s world, it is likely you are looking for ways to cut costs. Fortunately, there is the option “salary exchange”.

Last week, the Consumer Price Index (CPI) increased to 9%, the highest inflation has been in 40 years. Much of this can be owed to increased energy prices, with the Ofgem energy price cap coming into effect last month, according to the Office for National Statistics (ONS).

Here are three other things to have risen in price.

The Bank of England has today increased base rate by 0.25%, up from 0.75% to 1.00%. The decision to increase base rate will be disappointing news to consumers who are already facing a cost of living crisis, with further rises anticipated over the next 12 months. Borrowers sitting on a variable rate may want to lock into a competitive fixed rate mortgage deal to protect themselves from rising interest rates, perhaps sooner rather than later as fixed rates rise, with the average two-year fixed rate surpassing 3.00%.

The Bank of England has today increased base rate by 0.25%, up from 0.75% to 1.00%.

Government also plans to cut fuel levy and raise the National Insurance threshold. Chancellor of the Exchequer, Rishi Sunak, has promised to cut the basic rate of income tax from 20% to 19% by the end of Parliament in 2024. This promise was made in the budget speech today after inflation increased to 6.2% this morning, putting further strain on consumers.

Government also plans to cut fuel levy and raise the National Insurance threshold.

Grandparents struggling to decide what to buy for their grandchildren this Christmas may be considering gifting them money instead

Grandparents struggling to decide what to buy for their grandchildren this Christmas may be considering gifting them money instead

Two lucky premium bond holders are ending the year £1 million richer having scooped the top prize in the December premium bond prize draw

Two lucky premium bond holders are ending the year £1 million richer having scooped the top prize in the December premium bond prize draw

During the pandemic there has been a rise in consumers’ credit scores, with the average score increasing from 776 in September 2019 to 797 in September this year, according to Experian

During the pandemic there has been a rise in consumers’ credit scores, with the average score increasing from 776 in September 2019 to 797 in September

A combination of spending again as lockdown restrictions ease and rising inflation, means that many consumers who saw a rise in disposable incomes during the pandemic could start to see their finances being squeezed post-pandemic

Spending as restrictions ease & rising inflation combined, means consumers with a rise in disposable income could see finances squeezed post-pandemic.

Here is a snap shot of some of the questions our financial experts have received and answered this month.

Here is a snap shot of some of the questions our financial experts have received and answered this month.

At lunchtime the Chancellor Rishi Sunak announced plans to launch a new job support scheme that will see the Government top up two thirds of employees wages

At lunchtime the Chancellor Rishi Sunak announced plans to launch a new job support scheme that will see the Government top up two thirds of employees wages

During this afternoon’s summer statement, Chancellor Rishi Sunak announced a new ‘eat out to help out’ discount for consumers, which will give them 50% off meals eaten out during August to a maximum of £10 per head

During this afternoon’s summer statement, Chancellor Rishi Sunak announced a new ‘eat out to help out’ discount

Since social distancing rules were introduced in March there have been few people who have not seen their finances impacted by the Coronavirus pandemic, making this the perfect time to perform a financial health check

Since social distancing rules were introduced in March there have been few people who have not seen their finances...

Borrowing is expected to become cheaper as the Bank of England cuts base rate by 0.5% in an emergency today, but savers could also see savings rates fall further

Borrowing is expected to become cheaper as the Bank of England cuts base rate by 0.5% in an emergency today...

The number of British consumers who are struggling with debt is growing, as a record number of people contacted StepChange for help with their debts in the first six months of 2019, the debt charity has revealed

The number of British consumers who are struggling with debt is growing, as a record number of people contacted StepChange for help with their debts

Between medical appointments, bill-paying, DIY and other admin tasks, Noddle.co.uk estimates that we now need 10 days per year just to work through all our life administration. Unfortunately, it seems that people are only spending eight days on it.

Between medical appointments, bill-paying, DIY and other admin tasks, Noddle.co.uk estimates that we now need 10 days per year just to work through all our...

Households had less to spend in 2017 compared to 2016, the latest figures from ONS reveal, as disposable cash income fell for the first time since 2011. Compared to 2016’s increase of 0.2%, real household disposable income fell by 0.1% last year.

Households had less to spend in 2017 compared to 2016, the latest figures from ONS reveal, as disposable cash income fell for the first time since 2011....

Last night, the winners of the Moneyfacts Consumer Awards 2018 were announced at a ceremony held at the Royal Lancaster Hotel in London. In a room packed with industry professionals, comedian Ellie Taylor revealed this year’s standout performers.

Last night, the winners of the Moneyfacts Consumer Awards 2018 were announced at a ceremony held at the Royal Lancaster Hotel in London. In a room packed...

Today is Blue Monday, thought of as the gloomiest day of the year. While you may be feeling down in the dumps today for any number of reasons, if it’s money worries that are getting you down, we’ve got some tips that may help relieve the stress.

Today is Blue Monday, thought of as the gloomiest day of the year. While you may be feeling down in the dumps today for any number of reasons, if it’s money...

We all know the importance of having a financial buffer, yet too few of us take it to heart; research shows that 43% of Brits have no savings put aside for unexpected financial events, with their easy access emergency fund being woefully lacking.

We all know the importance of having a financial buffer, yet too few of us take it to heart; research shows that 43% of Brits have no savings put aside for...

How much do you need to be truly ‘cash happy’? It may be less than you think, with research from SunLife showing that you don’t have to be a millionaire to be happy; you just need an extra £82 a week.

How much do you need to be truly ‘cash happy’? It may be less than you think, with research from SunLife showing that you don’t have to be a millionaire to...

Running a business requires successful cashflow management at all times, and that means you need the right business current account to suit. But how can you make sure you’re getting the best account for your needs? We may be able to help.

Running a business requires successful cashflow management at all times, and that means you need the right business current account to suit. But how can you...

The Financial Services Authority (FSA) is to be more intrusive in its approach to the supervision of banks and financial firms, the head of the regulator has announced.

The Financial Services Authority (FSA) is to be more intrusive in its approach to the supervision of banks and financial firms, the head of the regulator has...