Giving to charity is not only a noble act by contributing towards a good cause. It can also help with mitigating a tax bill. Below, our Lincolnshire financial planners show how this works in practice…
It is no secret that higher energy prices have been driving much of the UK’s surging inflation since early 2021. Back then, it was possible to get a litre of petrol for 118p at the…
How pension tax relief works with fluctuating income 3>
There were 1.9 million freelancers in 2022, comprising nearly half of the UK’s 4.39 million self-employed people. The latter is slightly down from the peak of over 5 million in 2020 (during the onset of…
As we age, the need for care typically increases. Perhaps you may need professional care within your home. Or, maybe you enter a residential or nursing home. Naturally, care needs to be paid for...
UK recession risk eases – what it means for you 3>
The UK has narrowly avoided widespread predictions of a recession in the second quarter (Q2, April-June) of 2023. The economy grew by 0.2%. Is this cause for celebration? Does it mean that the UK is…
Castlegate Receives Outstanding Contribution Award from PMSF 3>
At Castlegate, we have been proud supporters of the Phelan-McDermid Syndrome Foundation (PMSF) for the past few years. Heather Hodson, a member of our team, completed a 50km sponsored walk for the charity to support…
How can you keep more of your money in retirement? Whilst it may sound strange to think about putting money into another person’s pension, it could help your household tax...
Rising inflation: why a long-term investment strategy could be the answer 3>
Inflation continues to stand at a high rate in June 2023 (7.9%). Whilst this is lower than the previous 8.7% figure, the cost of living continues to put pressure on household finances across the nation…
Will you pay inheritance tax (IHT) on your home? Many people want to pass down their property to loved ones when they die, keep the wealth within the family and away from the taxman. In…
Hunt’s promise to boost pensions by £1,000 – will you benefit? 3>
Chancellor Jeremy Hunt has promised to “boost” pensions by £1,000 through a series of pension reforms which mirror the Australian and Canadian systems. Yet how meaningful are these measures...
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