Mosaac Financial Blog

April’s yearly inflation figure fell from 0.9% to 2.3%, so why does inflation still feel high? April’s Consumer Prices Index (CPI) showed annual inflation had fallen to 2.3%, its lowest level since July 2021 and significantly below the October 2022 peak of 11.1%. The Prime Minister, Rishi Sunak, celebrated the return to around 2% inflation with a press release saying, ‘Today marks a major moment for the economy, with inflation back to normal’. So why does inflation still feel

With allowances frozen or cut, you may have underpaid tax for 2023/24. Your tax position may have changed for the last year without you really noticing. Consider the following: Tax Year 2021/22 2023/24 2024/25 Personal allowance £12,570 £12,570 £12,570 Dividend allowance £2,000 £1,000 £500 Personal savings allowance £1,000 max* £1,000 max* £1,000 max* Bank of England base rate Close to 0% Average 4.5% 5.25% May 2024 New State pension £9,339 £10,600 £11,502 *£1,000 for basic a

Many women born in the 1950s should be paid compensation for a shortfall in their pensions according to a new report. The WASPI (Women Against State Pension Inequality) campaign has been running for nine years. In that time, it has consistently argued that women born in the 1950s were unfairly treated because of the way in which their State Pension Age (SPA) was increased. Up until 5 April 2010, the SPA for women was 60 and for men it was 65. The SPA for women has since gradu