Financial Services

Autumn 2023 Newsletter

BySimpson Wood 8th August 202317th August 2023

There was a glimmer of good news halfway through the year as the June inflation figure dipped below 8%. While the pace of rising interest rates may be slowing, the…

Summer 2023 Newsletter

BySimpson Wood 18th May 202318th May 2023

It’s taking a while to shake off colder temperatures, although there are glimpses of warmer weather ahead. The same might be said of the economy, with the Office for Budget…

Taxpayers given more time for voluntary national insurance contributions

ByLuke Mudd 14th April 20232nd May 2023

The government has extended the voluntary national insurance deadline to give taxpayers more time to fill gaps in their contributions and boost their state pensions. The extension comes after members…

Bank of England raises UK interest rates to 4.25%

BySimpson Wood 14th April 20232nd May 2023

Interest rates have been increased to 4.25% from 4% by the Bank of England (BoE) as it tries to slow rising prices. The BoE’s decision to increase rates for the…

HMRC issues guidance on abolition of pensions lifetime allowance

ByLuke Mudd 14th April 20232nd May 2023

HMRC recently issued preliminary guidance in regard to the abolition of the pensions lifetime allowance. At the Spring Budget, Chancellor Hunt announced that the lifetime allowance charge will be removed from 6…

Budget 2023 Key measures at a glance

ByDaniel McAllister 15th March 202315th March 2023

Following Jeremy Hunt’s budget earlier today we have summarised below the key announcements he has made: Our full detailed guide on the Budget and our Tax Tables will be on…

Chancellor launches financial sector reforms

BySian Wood 16th January 202318th January 2023

Chancellor of the Exchequer Jeremy Hunt is set to unveil over 30 regulatory reforms to the UK’s financial sector, the government has announced. The Chancellor will set out plans to…

Government extends mortgage guarantee scheme

BySimpson Wood 16th January 202318th January 2023

The Mortgage Guarantee Scheme will be extended by a year to the end of December 2023, helping people with 5% deposits on to the property ladder, the UK government has…

Celebration of 140 Years and Rebrand For The Future

ByDaniel McAllister 2nd November 20229th December 2022

Simpson Wood, celebrated its 140th anniversary last night and is looking to the future with a brand-new look and feel. After being delayed for 24 months due to Covid, the…

Market Update

ByShaun Wood 3rd October 20229th December 2022

As you will no doubt be aware we are currently experiencing an increased level of volatility in global financial markets, and particularly in the UK following the Chancellor’s recent…

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Latest Updates from Simpson Wood

Taxpayers given more time for voluntary national insurance contributions

Bank of England raises UK interest rates to 4.25%

HMRC issues guidance on abolition of pensions lifetime allowance

Budget 2023 Key measures at a glance

Chancellor launches financial sector reforms

Government extends mortgage guarantee scheme

Celebration of 140 Years and Rebrand For The Future

Market Update

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