The Chancellor, Rishi Sunak, outlined a raft of further measures to support the UK’s ailing businesses, those affected by the forbidding COVID-19 outbreak. The list that follows summarises his announcements in the order they were announced.

Who knows what we can expect but here's some insight from local accounting firm Culley Lifford Hall.

According to HMRC 42%* of us have an ISA. They are so very popular because they are one of the most tax efficient ways for people to save. You see there is no Income Tax or Capital Gains Tax to pay.

Hopefully, paying for long term care in your old age is a long way off. Or, like many families you may have an older family member that needs care now. Whichever scenario applies to you, the cost of a single room in a nursing home costs on average over £800* per week. That’s around £41,600 per year.

We tend to arrange more mortgages at the start of the New Year than at any other time. Not quite sure why this is, maybe people are thinking of starting afresh and making changes in their lives. Moving house or re-mortgaging are big decisions, getting financial advice can be invaluable.

ISAs or to use the full name, Individual Savings Accounts, have been around for 20 years. So, there is a fair chance you could have one or more ISA accounts, especially if you are used to shopping around for good deals and understand the great tax benefits ISAs offer. However, if you are thinking about moving your savings from an existing ISA to another, please get financial advice first and don’t just cash in your ISA.

As the saying goes, “in this world nothing can be certain, except death and taxes.” We can’t do anything about the former, but we can help you when it comes to your tax affairs, using sound financial planning, particularly Inheritance Tax planning.

We know its hard to juggle your money between the bills, having a social life, bringing up the kids and so on, not the mention having the time to think ahead. Especially when it feels like there are decades between now and your retirement. But you do need to think about your pension because if you leave it too late, it is going to cost you dearly to make up for lost time.

Do you wonder what your financial future will look like? Do you wish you knew what to do now, in five years, 10 years and 20 years’ time to make sure you have the money you need to have a happy life and a comfortable retirement?

Security cannot be underestimated and feeling safe about your home and future is an important part of living a happy and fulfilled life.