Many people will be worried about their finances with the relentless doom and gloom announcements that inflation is swiftly gathering pace, the FTSE is now in a bear market and Britain is on the brink of recession.
Following the leap in the Consumer Prices Index (CPI) from 2.2% to 3% in April the CPI has risen to 3.3% in May. According to figures recently released, by the Office for National Statistics (ONS), this is the highest recorded figure since 1997.
Top tips for the new tax year
1. Maximise your IHT allowance by making a gift
Inheritance Tax rules allow each person to give away £3,000 per year in gifts to others.
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