Before the March 2016 Budget there had been much speculation that the Chancellor was planning big changes to the tax relief on pensions. However, just before the Budget, the Treasury scotched rumours of such changes and subsequently there were no changes to pension savings tax relief in the forecast Budget.
Chancellors presenting their Budgets often attempt to redistribute wealth from one group in society to another, stated a recent post-Budget AccountancyAge article, suggesting that this was the implicit rationale behind many of the corporate tax measures announced in the March 2016 Budget.
Amongst the key announcements that came from the budget was the introduction of a new âLifetime ISA.â By far the most attractive feature of this new form of savings account is that contributions every year will receive a healthy 25% bonus from the government.
Sales of luxury property in London have seen a considerable slump following Chancellor George Osborneâs sharp increase to stamp duty. Property industry observers have given warnings that the situation is becoming more and more harmful to the property market. Douglas & Gordon, an estate agency with particular expertise when it comes to property in the capital, have seen a drop of almost two thirds in sales of top-end homes in the âprime centralâ areas of London.
If youâre new to the investment world, or even if youâre not, itâs likely that youâve heard the term âdiversificationâ used in relation to your investments. However, youâre certainly not alone if you donât have a clear idea of what the word actually means for your investments. Read on, and learn everything you ever wanted to know about diversification, but were afraid (or didnât have the time) to ask!
