Insights

Plans to include unused pension funds and death benefits within the value of estates for IHT purposes, were announced during the Autumn Budget 2024. This came as a surprise, particularly to those who have worked hard to build a pension as a tax-efficient way to pass wealth on to loved ones.  

From 1 April 2025, Stamp Duty Land Tax (SDLT) rates will revert to pre-September 2022 levels. First-time buyers will start paying SDLT on properties over £300,000, while all other buyers will pay on homes valued above £125,000. It's important for buyers to factor in these changes when planning a property purchase. 

After a tumultuous time for global markets following his Liberation Day announcement on 2 April, last week President Trump took to social media to reveal a 90-day suspension on most of the tariffs, plus a lowering of reciprocal tariffs. (Updated 17 April)

With proactive tax planning and disciplined habits, you can build a stronger financial foundation and make informed decisions that align with your long-term goals. With the new tax year allowances in place, now is the time to make smart financial decisions. 

Spring brings more listings and competitive pricing, with 70% of homes listed in February and March completing quickly. Buyers benefit from stable mortgage rates (4.75%) and a wider selection of homes, averaging 51 days to sell. Early preparation, including securing a mortgage agreement, is essential. Researching local prices ensures informed decisions in a competitive market. 

Following a remarkable week of tariff trauma, on Wednesday President Trump took to social media to announce a 90-day pause on most of the tariffs announced last week and a substantial lowering of Reciprocal Tariffs, to be agreed during this period.

Our latest Economic Review looking back on March includes – the Spring Statement and OBR forecasts, the latest on inflation, a business activity uptick and an unexpected rise in retail sales.

Trump's sweeping global tariffs have triggered market turmoil and international backlash, especially from China. While stocks slump, gold hits record highs. Investors are urged to stay focused on long-term goals and avoid reacting emotionally to short-term market noise.

There is no doubt that the pandemic, the invasion of Ukraine, and the cost-of-living crisis have resulted in market volatility. Economic and geopolitical events always prompt investors to question whether now is a good time to invest or to remain invested.

Looking back a few years, the pandemic brought a rapid end to the drawn-out recovery of major stock markets from the share price lows associated with the financial crisis a decade ago. Yet, history has shown that markets have the resilience to recover over time, rewarding those who remain committed to long-term investing.

Throughout our lives, we are all likely to face the need to take financial decisions that can have a major impact on our wealth. Making informed choices - whether about saving, investing, property or tax planning - can help secure your financial future and ensure your money is working as effectively as possible.

The Chancellor Rachel Reeves has cut the welfare budget further and boosted defence spending in a Spring Statement aimed at kick-starting the faltering economy. Meanwhile, the OBR - the government's financial watchdog - halved its growth forecast for this year to 1%.