NEWS

HMRC

THE BUDGET – OCTOBER 2024

THE BUDGET – OCTOBER 2024

I am sure that you will have followed the news closely in the last couple of days and there will be a lot of comment about the changes announced in the Budget. As financial planners, It is important to be up to date about any changes in the Budget.

THE POSSIBLE IMPACT OF THE AUTUMN BUDGET 2024

THE POSSIBLE IMPACT OF THE AUTUMN BUDGET 2024

There has been a lot of comment in the press about the possible changes in the Autumn (end of October) including the potential impact on the ability to withdraw money from a pension completely free of tax (Tax Free Cash).

WHY IS IT IMPORTANT TO SAVE FOR RETIREMENT?

WHY IS IT IMPORTANT TO SAVE FOR RETIREMENT?

Saving for retirement is crucial. With inflation and living costs ever rising, the UK state pension alone is becoming less and less likely to cover your living expenses. The current £11,962.60 a year, while a helpful safety net, typically provides only a basic income that may not meet the needs of many retirees.

LAST MINUTE CHECKLIST BEFORE THE END OF THE TAX YEAR

LAST MINUTE CHECKLIST BEFORE THE END OF THE TAX YEAR

As the end of the UK tax year approaches, it’s time for a dive into your finances to make sure you’ve taken advantage of all the available opportunities as well as fulfilling your obligations. Here’s an easy comprehensive list of 20 things to check for personal and business taxes as April approaches.

SPRING BUDGET HIGHLIGHTS

SPRING BUDGET HIGHLIGHTS

There has been plenty of press coverage on the various aspects of the budget that affects individuals. What does seem to be missing is any coverage of the 8.5% increase to state pensions in April. Please read the article that highlights what has been announced.

IS THERE A TRUST THAT YOU HAVEN’T REGISTERED?

IS THERE A TRUST THAT YOU HAVEN’T REGISTERED?

It feels a little late in the day and somewhat locking the door after the horse has bolted as Trusts that are caught by the new rules should have registered in the UK last September.

LATEST NEWS

END OF YEAR SUMMARY – WHAT HAPPENED & WHERE DO WE STAND?

END OF YEAR SUMMARY – WHAT HAPPENED & WHERE DO WE STAND?

At this moment in time, I feel that the financial indicators for potential profits in the year ahead are positive and many fund managers share this view. We will see (of course) but we are also mindful of a host of new risks but also new opportunities.

THE FINANCIAL GIFT THAT WILL KEEP ON GIVING

THE FINANCIAL GIFT THAT WILL KEEP ON GIVING

Fancy slipping a little monetary something into a loved one’s stocking this holiday season? Stop right there! However well-intentioned the gesture, there are plenty of factors you should consider beforehand to make sure you’re giving in a tax-efficient way that will help you as well as them.

THE BUDGET – OCTOBER 2024

THE BUDGET – OCTOBER 2024

I am sure that you will have followed the news closely in the last couple of days and there will be a lot of comment about the changes announced in the Budget. As financial planners, It is important to be up to date about any changes in the Budget.