Welcome to Insights. Enjoying reading the latest blogs, financial news and team updates from the people at Serenity.
Don’t forget to subscribe to our newsletter to stay up to date.
Category: Uncategorized
Ongoing concerns over NHS reform are causing more people to think about taking out private medical insurance (PMI). The benefits of PMI are well-known: prompt access to diagnosis and treatment (bypassing sometimes lengthy NHS waiting lists), your choice of consultant, and hotel-like accommodation in clean, modern hospitals.
Category: Uncategorized
According to the latest statistics, yet again we hear that at least 60% of us do not have wills! In this age of divorce, debt and increasing taxes, thatâs a very worrying number. Sadly, it seems that the majority of us are under the usual misconception that âmy wife/husband/children will get everything when I dieâ!
Category: Uncategorized
The annual allowance for tax-privileged pension saving was reduced from ÂŁ255,000 to ÂŁ50,000 in the 2011/12 tax year. Now the lifetime allowance on money that can be accrued in a pension fund and still receive tax relief, for tax years 2012-13 onwards, will be reduced and is set to fall from ÂŁ1.8 million to ÂŁ1.5 million from April 2012.
Category: Uncategorized
Historically, many people chose to contract out of the State Earnings Related Pension Scheme using their money purchase pension. Put simply, this meant that the money that would have gone into SERPS went into their personal pensions instead â effectively, they were swapping known benefits from the Government for unknown (but potentially greater) benefits from their own pension scheme.
Category: Uncategorized
The Chancellor presented his third full Budget since the coalition Government took power on Wednesday, 21st March.
Billed as âthe budget for working peopleâ with a promise to âback businessâ, Mr Osborne highlighted the Governmentâs commitment to three specific areas: a stable economy, a fairer, more efficient and simpler tax system and reforms to support growth.
Category: Uncategorized
It is never too early to start planning where Inheritance Tax (IHT) is concerned. At the very least, you should keep a watching brief on the value of assets that could be part of your estate, particularly in relation to the inheritance tax nil-rate band. This has not changed since 2009 and whilst it is set to remain at its current value of ÂŁ325,000 until 2014-2015, the value of your assets, in the meanwhile, could rise above the nil-rate level.
