Independent Financial Advice Centre

As we wind down for the Christmas break, we would like to wish all of our clients and contacts a wonderful Christmas and a Happy New Year! 🎄🎅

Over the festive period, we will be operating with a skeletal staff to ensure any queries are answered.

Our offices will re-open on Monday 5th January at 9am.

Best wishes from all of the IFAC team.

A huge thank you to everyone who attended and supported our Christmas Coffee Morning last week🎄☕️

We raised a total of £853.75 for Glasgow Children's Hospital Charity!

These funds will help the charity continue the fantastic work they do - ensuring every child who is treated at the Children's hospital receive the extra special care they deserve 💫

Reminder ⏰

We are hosting a Christmas Coffee morning in support of Glasgow Children's Hospital Charity.

The event will take place one week today, Thursday 11th December from 10.30am at our Clarkston office.

There will be a pop-up shop from the charity themselves, as well as hot drinks and festive treats to go around.

We look forward to welcoming everyone along!

The Financial Services Compensation Scheme (FSCS) has increased its protection limit to £120,000 per person, per financial institution (previously £85,000).

For joint accounts, that means you’re now covered for up to £240,000 of savings with any one institution.

What this means for you:
- More security
- More confidence
- More protection for your hard-earned savings.

Remember though, some banks are part of a larger group and this means they may split the protection. To see how your bank is protected, you can use the FSCS Protection Checker Tool:

https://www.fscs.org.uk/check/check-your-money-is-protected/

After months of speculation and rumour, chancellor Rachel Reeves has delivered the Autumn Budget for 2025.

1. Stealth Tax - Freeze on personal allowances and thresholds to 2031.

2. Cash ISA allowance cut to £12,000 from April 2027. No change for over 65s. Stocks & Shares ISA allowance to remain at £20,000.

3. Dividends, rental income and savings income - 2% increase (from 2026 and 2027). Scottish tax rates for rental income differ but similar measures likely to be introduced here.

4. Salary sacrificed pension contributions above £2,000 will no longer be exempt from National Insurance (from April 2029).

6. State pensions will be increased by 4.8% in line with triple lock.

7. Electric vehicles 3p per mile duty charge - April 2028

In this update, we’ll explain the key changes and what they mean for you.

Your Autumn Budget update, and what it means for you - IFA Centre Glasgow The chancellor has delivered the government’s Autumn Budget. Here’s a summary of the key announcements and what they could mean for your financial plan

You may be diligently saving a nest egg for children or grandchildren. Yet, without financial education, your efforts might not be as useful as you expect.

Over the years, you’ll have picked up money habits and financial knowledge that could be useful to pass on to your family. Our latest blog explains ways you may do that.

Insufficient financial education could harm the long-term prosperity of younger generations - IFA Centre Glasgow More than a decade after financial education was added to the national curriculum, 53% of children are leaving school without having received “meaningful” education on the topic. When building a nest egg for the next generation, combining it with money lessons could be valuable.