Our Blog

At Adanac, there's never a dull moment. Stay in the loop by diving into our latest news updates, discovering exciting upcoming events, and immersing yourself in the insightful content on our blog. Whether you're looking for the latest happenings or seeking some inspiration, we've got you covered with a plethora of engaging activities and informative reads. 

Venture Capital Trusts (VCT)

06 December, 2024

By investing in a Venture Capital Trust you can claim income tax relief of up to 30% on the amount that you have invested. Meaning that if you invested £15,000 into a VCT you could reduce your tax bill by up to £4,500!

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Autumn Budget 2024 summary: what are the key takeaways?

30 October, 2024

In this post we will explore the main takeaways from the Autumn Budget 2024.

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How much income do you need in retirement?

12 August, 2024

The question appears to be a simple one, but the answer is not. Over the years there have been many attempts to find the right number, some more robust than others. The classic – and now largely abandoned – solution was that retirement income should be two thirds of earnings immediately before retirement. That basis, often a target for last century’s final salary pension schemes, has now largely been replaced by calculations focused on expenditure in retirement.

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Trust Registration

22 July, 2024

Did you know that trustees failing to register a trust with HMRC could result in a fine of up to £5,000? Since September 2022, HMRC have required all relevant trusts to be registered.

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Lifetime Allowance 2024

17 May, 2024

As you may well be aware, in the Spring 2023 Budget, the Chancellor of the Exchequer announced the abolition of the Lifetime Allowance. Unfortunately, however, this headline is somewhat misleading as the LTA has not so much been abolished but has instead been replaced with new allowances. In this article we explore these new allowances.

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Inflation

23 April, 2024

Just last week the Bank of England released the latest inflation data for the UK. Inflation is most commonly measured by the Consumer Prices Index (CPI) and the most recent data showed that prices rose by 3.2% from the end of March 2023 to March 2024. In this blog post, we will look at what inflation means for you, how it is linked to interest rates and what you can do to combat inflation.

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General Financial Advice meeting

24 January, 2024

Looking at making a financial decision and unsure on where to turn? At Adanac, we can offer you the second pair of eyes you may need to help guide you through your decision and give you that peace of mind.

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Mortgage Capacity Reports

05 October, 2023

Navigating the complexities of divorce can be overwhelming for many individuals, particularly when it comes to property division and mortgage considerations. With this in mind, and with the introduction of the new Standard Directive in March 2022 which requires all divorcing couples to provide indicative material of their borrowing capacity as part of divorce proceedings, we have received numerous enquiries regarding the availability of Mortgage Capacity Reports. ~ By Matthew Helyar

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