Category: retirement & Uncategorized
The amount of money owed by those planning to retire over the course of the next 12 months has fallen for the fourth year in row, according to the latest research by Prudential. This yearâs retirees who still have debts owe an average of ÂŁ18,800, a fall of ÂŁ3,000 or 14% from last year and a drop of nearly ÂŁ20,000 since 2012 when the average amount owed was ÂŁ38,200.
Category: Housing & Mortgages & Uncategorized
Responding to the HM Treasury consultation on the 3% surcharge on Stamp Duty Land Tax (SDLT) proposals for second properties, the Council of Mortgage Lenders (CML) urges reform of the implementation plans to mitigate potentially negative impacts on the housing market as a whole.
Category: pensions & Tax & Uncategorized
After several years of speculation, according to a recent BT Home article, fears are growing that Chancellor George Osborne is finally poised to take away higher-rate tax relief for pension contributions. If this is the case, then the vital cut-off date for investors could well be Wednesday 16th March â the day of his next Budget.
Category: Annual Allowance & pensions & Tax & Uncategorized
Think back to the Chancellorâs budget proposals in July last year, and you may remember an announcement about changes to the annual pension allowance. Well, that change is set to come into effect at the start of the new tax year on 6th April 2016. It therefore seems like a good idea for a bit of a refresher on what those changes are and what they potentially mean for you.
Category: ISA & savings & Uncategorized
As the end of the financial year draws ever closer, itâs important not to forget about any ISAs (Individual Savings Accounts) you have and any remaining payments that youâre allowed to make. The maximum allowance for ISAs for the 2015/16 financial year is ÂŁ15,240, so itâs important that you invest any funds that you have left to pay into your ISA as close to that amount as possible, as soon as you can.
Category: Life Planning & markets & Uncategorized
They say you can only get news from the media and not the truth. Our role as your trusted family Financial Adviser is to ensure we share with you and guide you with the unvarnished truth. At times this may show up as tough love and seem countercultural but we're comfortable with that.
