Kelly Financial

02/09/2026

New figures obtained through a Freedom of Information request suggest families could be losing up to £874 million of government-funded childcare support as more parents breach the frozen £100,000 income threshold.

The Department for Education estimates that between 50,500 and 99,000 children were affected by the earnings limit in the last tax year, with households losing access to tax-free childcare and 30 hours of free childcare once one parent exceeds the threshold.

Financial experts argue that the cliff-edge is counter-productive for a policy designed to help parents work, as it encourages them to cut hours.

27/08/2026

Kelly Financial will be closed over the Bank holiday weekend:

Saturday 29th August - Closed
Sunday 30th August- Closed
Monday 31st August – Closed

We will return to the office at 9am on Tuesday 1st September 2026, back to business as usual

26/08/2026

Here is an urgent note if you are self employed and thinking about applying for a mortgage in the upcoming months...
As of 1st October 2026 , most Lenders will require tax returns for the tax year ending 2026, so if possible submit your accounts to your accountant or HMRC as soon as possible!

19/08/2026

According to TSB, more than half of adults who acted on financial advice on social media lost money - the average lost was £690.

49% of the 25 to 34-year age group acted on it the past 12 months. But older people went for it too.

More than half of adults (56 per cent) who acted on financial advice on social media lost money, with an average loss of £690.46, research from TSB has found.

18/08/2026

With HM Treasury’s consultation on the proposed First Time Buyer ISA closing today (18 Aug), Quilter Proposition Director
sets out what the new savings product must deliver to support aspiring homeowners.

"We are pleased that the government has recognised that the Lifetime ISA was a confused product in desperate need of simplification, but the success of the proposed First Time Buyer ISA will depend entirely on the detail and whether it delivers the simplicity, clarity and flexibility needed for a house purchase.

"Constant changes and the introduction of new products risk undermining confidence and leaving people unsure whether a product will suit their needs. The government must provide certainty that the First Time Buyer ISA will be fit for purpose for a long time to come, and it should embark on a clear public awareness campaign to ensure that people understand how the product works and how it fits into their wider financial plans.”

With HM Treasury’s consultation on the proposed First Time Buyer ISA closing today, Sam Christopher, proposition director at Quilter, sets out what the new

12/08/2026

21% of adults expect to give financial support to their grandchildren during retirement. And 48% of working adults said they are worried about running out of money in retirement.

Skipton Building Society found that 21% of adults expect to give financial support to their grandchildren during retirement.

05/08/2026

Women more likely to struggle with everyday costs as long-term saving takes a back seat

Scottish Friendly research has found women are more likely than men to worry about meeting everyday expenses, with financial pressures reducing their ability to save and invest for the future.

Scottish Friendly research has found women are more likely than men to worry about meeting everyday expenses, with financial pressures reducing their ability to save and invest for the future.

29/07/2026

Grandparents who help out with childcare could be entitled to valuable credits that could help boost their state pension by applying for specified adult childcare credits (SACCs).

Figures obtained from HM Revenue & Customs (HMRC) show that applications for SACCs jumped from 29,967 in 2022-23 to 42,964 in 2023-24. Around 79% were approved, highlighting the important role that the credits are playing in boosting retirement incomes.

The credits are designed to help people below state pension age build up their state pension rights

22/07/2026

Prior to the Budget, a number of people took tax-free cash from their retirement pot, worried about what could happen if the rules changed.

Research showed that 6 in 10 of the pensioners surveyed said they regretted withdrawing tax-free cash before the fiscal event. And more than 4 in 10 of those who took money out said they did so specifically because they feared the rules would change.

Here are more survey results and tips on what you could do if you're affected.

Prior to the Budget, a number of people took money from their retirement pot, worried about what could happen if the rules changed. But now they regret it