PX Wealth is pleased to share our summary of the Australian Federal Budget 2026–27, released earlier this week. The Federal Budget contains a range of important announcements and measures that may impact individuals, families, retirees, and business owners. Our latest update provides a clear overview of...
Changes to Voluntary National Insurance Contributions for Time Abroad (Effective from 6 April 2026) From 6 April 2026, significant changes will apply to voluntary National Insurance contributions for those living or working abroad: Voluntary Class 2 contributions will no longer be available for those abroad. Instead, you...
We have sought to pick out all the key points from the Autumn Budget 2025 and put together a handy summary, including: Economic forecasts Personal taxation, savings, wages and pensions Business measures Housing and infrastructure Education and the NHS Other key points The update can be read by Autumn Budget 2025....
Rachel Reeves delivered the latest UK budget on Wednesday 30th October 2024, with tax rises and spending cuts of £40bn+ expected. This was historic for being the first UK budget delivered by a woman, but it was also notable for being among the biggest tax-raising...
In the Spring Budget on 6 March 2024, the UK chancellor announced large-scale reform to the tax regime for non-UK domiciled people including an intention to move to a residence-based regime for inheritance tax (IHT), from no earlier than 6 April 2025 (subject to consultation). It...
From 6 April 2024, the lifetime allowance (LTA) replacement regime came into force in the UK, impacting on UK residents and expatriates. The UK has three new allowances focussing on lump sums drawn from pensions: Lump sum allowance (LSA) – this is set at £268,275, which...
The confirmed latest Australian inflation figures have led to an increase to the superannuation contribution caps from 1 July 2024. The concessional contribution cap (amount paid in primarily by employers) will increase from $27,500 to $30,000 p.a. and the non-concessional contribution cap (amount paid in primarily...
The Chancellor's Spring Budget announcement today (March 15 2023) focused on investment and growth, bringing good news for businesses and investors. The budget has implications for UK pensions and taxes, and for now, the country is avoiding a technical recession, with inflation expected to fall...
PX has joined the Financial Vulnerability Taskforce, an initiative organised by the Personal Finance Society to promote greater understanding of clients in vulnerable circumstances. The Taskforce has been established to not only support our profession in recognising and addressing the various forms of consumer vulnerability, but...
We're pleased to announce that PX Pension Exchange has been appointed by SimplyBiz to its defined benefit (DB) pension transfer referral bureau panel. SimplyBiz, part of Fintel, supports financial and legal advisors with products – but also through advice when they need it from businesses like...
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