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Daily Record
Daily Record
Lifestyle
Linda Howard

Five ways new tax year could affect your personal finances

The new financial year has now started which means there are a few key changes happening everyone should be aware of, including workers and people who have reached retirement age.

The cost of living crisis is set to put the financial squeeze on millions of households across the country as Ofgem’s 54 per cent energy price hike is now in effect, forcing many people to make drastic cuts to their spending and outgoings.

Steven Cameron, Pensions Director at Aegon, explains other changes that could have an impact on your personal finances between now and the end of this tax year on April 5, 2023.

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