Silicon Valley Bank Collapse – Market Impact
Markets have been volatile this week following the collapse of Silicon Valley Bank (SVB) in the US. SVB lent money to many small technology businesses in the US, as well as their entrepreneurial owners. The US Federal Reserve stepped in quickly to secure customers’ deposits and reassure markets. In the UK, HSBC bought up […]
Budget – March 2023 – Pension and Personal Finance Impact
Pension Changes The Chancellor announced that the Lifetime Allowance (LTA) will effectively be removed from 6 April 2023, so it will mark the end of the possibility of a recovery tax charge for a large pension fund. The LTA tax charge will be set at 0% from 6 April 2023 and the LTA abolished […]