The Coronavirus Job Retention Scheme (or Furlough Scheme) has kept many businesses going since March 2020, but it’s changing again in July. Now is the time to make sure you know how those changes will impact your business and cashflow, if you haven’t checked before. What’s changing? In June, employers can claim 80% of furloughed […]
Read MorePlanning
How much do you need for ‘a comfortable retirement’?
Consumer group Which? has announced that £305,000 is the target amount for pensioners with an annuity to enjoy a ‘comfortable’ retirement. This equates to £19,000 per year for a one-person household and £26,000 for a two-person household. These figures include the average state pension payout of £8,060, so single savers would have to ensure a […]
Read MoreNo jab, no job?
Controversial founder of Pimlico Plumbers, Charlie Mullins, coined the ‘No jab, no job’ phrase this week, insisting that all of his employees must get a Coronavirus vaccine. He’s not the first business owner to take that stance, but it’s one that could become a hot topic in the coming months. As an employer, it’s going […]
Read MorePrivate Pension withdrawal age to be raised
The Treasury has confirmed that the minimum age for private pension withdrawals will increase from 55 to 57 in 2028. Pension reforms made under Chancellor George Osborne meant private savers could access their savings pots before State Pension retirement age. At the time it was intended that the age restriction should be linked to be ten […]
Read MoreCOVID-19 Funding – Please read!
We’ve been talking to clients about their funding around Coronavirus since CBILS were first mentioned during the Spring Budget on March 11th. There have been SO many developments that it seems to have been a subject that has been running for years rather than months! BUT it’s been running for so long, and has been […]
Read MoreBounce Back Loans – Handle with care!
Bounce Back Loans have been the saving of many small businesses over the last few weeks. They are super-easy to apply for, in most cases have dropped into bank accounts within a few days and there have been few businesses whose application has been declined. So what’s the problem with them? In the right hands, […]
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