Maximising your income by minimising your tax liability is being financially tax efficient. And, if you use all of your allowances, you’ll be doing so legitimately. One such allowance is your personal savings allowance, which can be an effective way to shield your income from paying more tax than necessary. What exactly is the personal …
In a week when the fragile nature of Brexit was exposed, it was welcoming to see the Bank of England Monetary Policy Committee (MPC) announce unchanged UK base rates. Rates currently stand at 0.1% although there had been speculation of a dip into negative territory in the short-term. The MPC minutes cover a range of different subjects, giving insight …
Since the 2007/8 US sub-prime mortgage crash, which resulted in a worldwide depression, UK base rates have remained at or around historic lows. During 2018/19 there were fleeting hopes that interest rates would start to move higher, and eventually return to more “traditional levels.” However, in light of Brexit and COVID, it is safe to …
What is the outlook for UK interest rates in 2021? Read More »
