As the UK lockdown continues it is starting to really sink in that we are in uncharted waters and likely to be for some time. Once the medical emergency is over, you are not alone if you are asking yourself, how will the economy recover? What does this mean for mortgages? Our Pensions? Our plans to achieve our life-goals?

Business Bounce Back Loan Scheme available from Monday 4th May.

Employers will be relieved that the waiting is over, as of 5.30am this morning (20 April 2020), they can login to HMRC’s new portal and claim their CJRS rebate for the first pay periods. HMRC have promised that money will be in employers’ bank accounts within six working days of registering their claims.

Our client has been so relieved that she had taken the advice of one of our Advisers. When the worst happened, she had a Critical Illness insurance policy in place. She has given us permission to tell others what happened to her.

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.