The Global sector is the largest fund sector, according to the Investment Association, but it might not be quite as global as you think. The largest fund sector by value is Global, according to the Investment Association (IA), the UK’s investment trade body. At the end of August 2023, Global funds accounted for £171.1bn of […]
Action Fraud is urging people to use strong passwords and 2-step verification after receiving thousands of reports about hacked email and social media accounts. Data from Action Fraud, the national fraud and cybercrime reporting service, shows that from August 2022 – July 2023, there were 18,011 reports of social media and email hacking. Within these […]
A recent survey1 has revealed the dramatic impact that Chancellor Jeremy Hunt’s decision to scrap the pension Lifetime Allowance (LTA), made several months ago, is having on people’s retirement planning. The decision In his first Spring Budget Statement delivered on 15 March, the Chancellor announced that the LTA charge would be removed from April 2023 […]
The complex world of tax on investment The whole tax system has grown increasingly elaborate, thanks to revenue-raising tweaks such as the taxation of child benefit and multiple reforms of dividend taxation. As more changes are introduced, the complexities increase. This guide offers a brief outline of how your investments are currently taxed and future […]
The Chancellor has announced that he will issue an Autumn Statement on 22 November. Perhaps it was just coincidence, but a year to the day after Liz Truss was elected Prime Minister, the current Chancellor (and her second) announced that there would be an Autumn Statement on 22 November 2023. In autumn 2022, Ms Truss’s […]
A key intestacy limit was due to increase in December 2022, but the timing was overlooked… until July 2023. The intestacy rules for England and Wales state that where there is no will, if on first death the deceased leaves children, grandchildren or great grandchildren, the surviving spouse or civil partner is entitled to the […]
