BUSINESS

Minister for Energy and Climate, Graham Stuart, said: “Our main energy bill support schemes have seen millions of homes and businesses across the country get much-needed help to cover costs, with figures today showing nearly £3billion in government support has been paid out to businesses to date. “Now we’re getting support to those remaining few
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Recently, the Chancellor announced a raft of tax allowances would be frozen for another two years – up until 2028. This includes the Pension Lifetime Allowance (LTA), which puts a limit on how much a person can save into their pension while benefitting from tax relief across their lifetime. At present, the LTA is £1,073,100, which appears high, however,
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But while easy access accounts may offer lower rates, these can allow greater flexibility and typically permit free and easy withdrawals whenever necessary. Ms O’Brien said: “That kind of flexibility could be very useful in the current climate, where switching accounts frequently could be beneficial.” She added that it could be “wise” to diversify funds
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