NewRoad

A person going through paperwork with a calculator.

Fiscal drag: How threshold and allowance freezes affect you

Despite intense speculation that the Labour government would slash tax allowances and exemptions, many are set to remain the same in the 2025/26 tax year. While that might seem like something to celebrate, fiscal drag could mean your tax liability increases in real terms. To maintain allowances and exemptions in real terms, the government would

Fiscal drag: How threshold and allowance freezes affect you Read More »

A couple going through paperwork together.

5 useful allowances and exemptions that will reset at the end of the tax year

Using allowances and exemptions could reduce your overall tax bill and help you get more out of your money. On 5 April 2025, the current tax year will end, and many tax-efficient allowances and exemptions will reset. So, here are five that you may want to consider using before the 2025/26 tax year starts. 1.

5 useful allowances and exemptions that will reset at the end of the tax year Read More »

A young woman hiking and using a compass.

The compelling benefits of building a tailored financial plan

While you might have similar goals or circumstances to other people, a financial plan isn’t a one-size-fits-all solution. Instead, a tailored financial plan that considers your needs and goals could help you get far more out of it. For instance, one goal might be to ensure you’re financially secure in retirement. It’s likely to be

The compelling benefits of building a tailored financial plan Read More »