HMRC – you want me to wait how long?
It was impossible to miss the news over the last month that HMRC is planning changes. It was reported that HMRC will be closing 170 tax offices across the country and replacing them with 13 regional...
View ArticleA movie night you may regret
You may have heard recently how more than 100 retired footballers face huge losses of up to £100m after investing in film and property deals. After huge investment, these schemes are now in jeopardy,...
View Article£2.7 billion or £4.7 billion of pensions?
Reports on how much was withdrawn from pensions in the 6 months from April this year vary quite considerably. From the lowest estimate of £1 billion all the way up to £5+ billion, all they agree on is...
View ArticleBook of the month – December 2015
This month’s book is Leading by Sir Alex Ferguson and Sir Michael Moritz. For those of you who don’t know, Sir Alex Ferguson was until a few years ago the very successful manager of Manchester United...
View ArticlePensioner Bond rates halved!
NS&I have announced that the Pensioner Bonds introduced last year will not be renewed, despite the clear popularity of the product. These bonds were designed to encourage savings by the over 65s...
View ArticleSecond-hand annuity market – coming soon!
Because of the change in pensions legislation, it has become obvious that there is a need for a second-hand market for pension annuities. As people have been given more freedom with their pensions,...
View ArticleUS interest rates rise by 0.25%
The US Federal Reserve has made the decision to raise interest rates by 0.25%, the first rise since 2006. This move is set to strengthen the Dollar and, as this is a more common currency for trading,...
View ArticleMore pension changes
In April, the Government will reduce the lifetime allowance for pensions, which is the amount you can accumulate in pensions before any additional tax charges may apply when amounts over this limit are...
View ArticleDon’t forget the tax relief
We recently spoke with a client who pays £500 into their pension from their bank account. The client is a higher rate tax payer and so is entitled to higher rate tax relief. Basic rate tax relief is...
View ArticleBook of the Month – January 2016
We start this year with a novel as our book of the month. Not an ordinary novel but something that we guarantee you will not have read the likes of before. The Beesby Laline Paull is a novel that is …...
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