Economies and businesses still face challenges, but statistics indicate some of the pressure, including rising inflation, is starting to ease. Read on to find out what affected investment markets in May 2023.

Remember, you should have a long-term outlook when investing. You should have an investment portfolio that reflects your goals and you feel confident in. 

UK

Official figures show the UK narrowly avoided a recession after the economy grew slightly in the last two quarters to March 2023.

While the government said the figures were p...

The rate of Corporation Tax your business pays may have changed for the 2023/24 tax year. It could affect your profit margins and long-term plans, so it’s crucial you understand what the new rates could mean for your business.

After a series of announcements and U-turns in 2022, you may not be fully aware of the changes to Corporation Tax.

Last year, former chancellor Kwasi Kwarteng said he was reversing a planned Corporation Tax hike, and would, instead, be slashing the rate. Like many changes announced in the mini-Budget, this was quic...

The new tax year has only just started. Yet, making the most of your allowances now, rather than waiting until March 2024, could make sense. Read on to find out why.

When a new tax year starts on 6 April, many allowances reset, such as the:

• ISA allowance
• Pension Annual Allowance
• Capital Gains Tax annual exempt amount
• Dividend Allowance

Using allowances could reduce your tax liability and improve your long-term financial security. So, they should be part of your financial plan.

In the past, you may have waited until the end of th...

You have until 5 April 2023 to make the most of your ISA allowance for the current tax year. If you want to boost your savings or investments, adding more to your ISA could make sense.

For the 2022/23 tax year, you can add up to £20,000 to adult ISAs. The allowance is for each individual. So, if you’re planning with a partner, you should consider making use of both of your allowances.

ISAs are a popular way to save and invest. According to government statistics, around 12 million adult ISAs were subscribed to during the 2020/21 tax year. I...

ISAs have been around for more than two decades, but they’ve changed significantly since they were first introduced. This guide can help you understand why using an ISA to save or invest could be a valuable part of your financial plan.

Read the guide to find out:

• Why ISAs are a tax-efficient way to save and invest
• Discover the different types of ISA you can choose from
• What you should consider when deciding if you should save or invest through an ISA
• How Junior ISAs could help you build a nest egg for children or grandchildren
• How ...