How will the Queen’s speech affect your personal finances?

How will the Queen’s speech affect your personal finances?After the shock General Election victory for the Conservatives, the Queen’s Speech, which was delivered yesterday, set out the Government’s plans for the months and years to come. How will your personal finances be affected? Will you be better or worse off? Read on as we reveal all. Tax The legislation likely to have the largest impact on your personal finance is the ‘National Insurance Contributions and Finance Bill’, which includes commitments that: Income tax, VAT and National Insurance will not increase during the next five ...

Guest Blog: SIPPs and SSASs: Property purchase making a comeback – how can we help?

XafinityXafinity has been helping advisers and clients invest in property for some 35 years and has seen this type of investment grow consistently in recent years, with 2013 setting a new record. That said there are, of course, many thousands of directors of Small and Medium sized Enterprises that are yet to see the potential advantages of buying their company premises in 2014 using their existing pension plans. Once an opportunity has been ...

8 tips for managing your business’s cashflow

8 tips for managing your business's cashflowMany of our clients and visitors to our website are company directors or self employed running businesses both large and small. One of the key challenges faced by many small businesses is managing cashflow, we’ve therefore asked the highly experienced Serena Humphrey of Transformational Financial Management, for her top tips for better cashflow management. Serena writes: The reasons that a business fails are varied, but ultimately there is just one reason, it runs out of CASH. With credit continuing ...

Rate of inflation falls again

New figures show that inflation has fallen to its lowest level since early 2010. Data released by the Office for National Statistics (ONS) shows that the Consumer Prices Index (CPI) fell to 2.8% in May from 3% in April. The Retail Prices Index (RPI), which includes housing costs, also fell, this time from 3.5% in April to 3.1%. Reasons for the fall in rate of inflation At its peak, in September 2011, the rate of inflation rose to 5.2%, however since then it has gradually fallen, albeit with a couple of jumps back up along the way....