We have all had our chance to vote and have judged the benefits of an independent life outside the EU to be worth the costs of leaving it. In spite of the more emotional appeals to the contrary, this is not a disaster. The UK will certainly suffer an economic impact as businesses consider their
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How has the Brexit uncertainty affected the UK market? Although the EU referendum is dominating headlines in the UK, not all stock market movements are a result of the forthcoming vote. There are also a lot of global factors affecting ours and international markets. The year started with extreme pessimism about Chinese and global growth
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Pensions – no news is good news Its business as usual for pension saving as the Chancellor confirmed there will be no imminent changes to pension tax relief. The introduction of the new Lifetime ISA (LISA) saving vehicle from April 2017 adds another complementary option to the saving landscape. Other pension news Salary sacrifice is
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There have been several significant changes over the last couple of years and therefore some important actions are required before the end of current tax year as well as a number of planning opportunities that will take effect from 6th April 2016. To help you plan; under the various headings below, we have listed just
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By 2020/21 families could escape IHT on up to £1,000,000 of their wealth. Each parent will have a nil rate band of £325,000 plus a RNRB of up to £175,000. The new IHT Residence Nil Rate Band (RNRB) will be introduced in April 2017. It is in addition to an individual’s own nil rate band
Read MoreDuring the 2015 post-election Budget, Chancellor of the Exchequer George Osborne announced that he would be establishing a new dividend tax. Why the change? Under the current system, any dividends received up to the basic rate income tax band (20% band is currently £31,785 on top of the £10,600 or £10,660 personal allowance) would not
Read MoreThe Chancellor of the Exchequer, George Osborne, has announced this week that ‘Everyone who will be able to take advantage of the new reforms will be able to access free and impartial guidance’ with respect to their retirement options. This was previously announced by the Chancellor to the House of Commons in his budget statement
Read MoreToday, the Bank of England (BoE) released its latest quarterly Inflation Report, which updates its projections for inflation and the wider UK economy. Overall, the report did not make significant changes to either the Bank’s inflation forecasts or its expectations for UK economic growth. It did, however, reflect on market expectations that the UK interest
Read MoreFollowing the recent announcements in the media, the news that employers will have to pay into a pension scheme for their employees may come as a bit of a shock. The Government has introduced auto-enrolment and the National Employment Savings Trust or NEST for short. Preparedness and planning is the key to ensuring that this
Read MoreToday’s news that the UK has crept back into recession should be no surprise to anyone who has kept reasonably well informed about developing events connected to the global economic crisis. A technical recession is triggered after two quarters of negative GDP (Gross Domestic Product) within our economy. Stock Markets haven’t fallen today. Why not?
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