Feel free to skip through the headings which are not of relevance or interest to you, but please take ownership of your financial affairs and seek appropriate professional advice, where required, you may find you need it for the 2022-23 year.
What is inflation?
Inflation is effectively the decrease in the purchasing power of money, measured in terms of the increase in the price of goods and services.
As a bottom line, an increase in inflation will therefore mean that goods and services will cost you more.
