Tax avoidance?

Posted on Sep.05, 2016 by in Latest News

Government plans to sanction professional firms, which devise schemes that are designed to minimise tax, and which have been successfully challenged by HM Revenue & Customs, have been criticised as blurring the line between tax avoidance and tax evasion. Mark Joscelyne, partner and head of the tax group at law firm Olswang’s described the proposals as “very worrying”. He commented that… more

Gifts by attorneys and deputies

Posted on Aug.08, 2016 by in Latest News

New guidance has been issued in relation gifts made by deputies of the Court of Protection and attorneys (people acting under a Power of Attorney). The Court of Protection is the Court which has jurisdiction over the affairs of people who have lost the capacity to make their own decisions, for example about their health and finances; while the Office… more

Stamp Duty Land Tax

Posted on Aug.08, 2016 by in Latest News

One of the issues identified by the previous government is the difficulty which younger people have in getting onto the property ladder; and part of that government’s solution has been to introduce a tax on second homes, which came into force on 1 April 2016. This takes the form of a surcharge of 3% on the existing Stamp Duty Land Tax… more

Annuities: a casualty of Brexit

Posted on Aug.08, 2016 by in Latest News

While the stock market has defied the worst predictions of Brexit, reflecting in part the benefits to exporters of a lower value pound, the reduction in interest rates resulting in the surge in demand for Government bonds has had a severe detrimental effect on annuity rates. Consequently, commentators are suggesting that this is probably not the best time to buy… more

Balancing the books post-Brexit

Posted on Aug.08, 2016 by in Latest News

In her first public statement after assuming office, Prime Minister Theresa May made clear her intention that her government’s policies should benefit “ordinary working-class families” rather than “the privileged few”. This suggests that any tax changes are likely to impact the better-off. An increase in the top rate of income tax might be considered, but this would have the undesired… more

Keep calm and carry on!

Posted on Aug.08, 2016 by in Latest News

Data published by the Investment Association has shown that Brexit resulted in the sharpest ever sell-off of investments by UK savers. £3.5 billion of investments were sold in June as panic took hold and investors let their hearts over-rule their heads. One month later and the FTSE 100 was trading higher in sterling terms than before the vote, leaving many… more

Personal insurances

Posted on Jun.08, 2016 by in Latest News

Many people prefer not to think about life insurance for the same reason that they prefer not to think about Wills. But for breadwinners and the self-employed it should be a given serious consideration. Life cover should be the first priority, but terminal illness could be even more costly financially; and advances in medical science now offer much greater prospects… more

Encashing an annuity

Posted on Jun.08, 2016 by in Latest News

Ever since it became permissible, in March 2014, to encash pension funds rather than converting them to income in the form of as annuity, some sections of the consumer press have been arguing that similar rights of encashment should be available to people who have already used their pension pots to buy annuities; and the Chancellor has stated his intention… more

Buying a retirement annuity

Posted on Jun.08, 2016 by in Latest News

Financial security is all-important to retirees, and despite the fact that it is no longer obligatory to invest a maturing pension pot in an annuity, many people are likely to want to do so, at least in relation to part of their pension pot, because, unlike investments, annuities provide a guaranteed income for life. The most important factor influencing the… more

Home sweeter home

Posted on May.09, 2016 by in Latest News

Did you know 7 out of 10 homeowners could reduce their rate and save money by moving their SVR mortgage? You could make a saving on your monthly mortgage payment by switching to a new deal. Generally speaking, when rates are low it’s a good time to consider your remortgage options. Check out the latest update published by Virgin Money or… more

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Generation FS

Generation FS