New regulations are producing some strange figures in investor information documents. There is a new acronym causing furrowed brows among investment managers, financial advisers and regulators: PRIIPS. PRIIPS are ‘Packaged Retail and Insurance-based Investment Products’, which includes most fund and investment-related products aimed at retail investors. Since 1 January 2018, a new set of EU […]
If you haven’t given much thought to your New Year resolutions, there’s still time even now and here’s one you should seriously consider. Make 2018 the year you plan your long-term wealth and get the right advice to help you achieve your goals. Review your financial objectives It helps to start with a clear idea […]
Action Fraud are warning people to watch out for fraudsters claiming to be from the Financial Ombudsman Service. Fraudsters claiming to be from the Ombudsman are cold-calling victims and telling them they have a cheque for a large amount of money from a compensation claim. The victim is then told to buy an iTunes (or […]
Scotland UK Excluding Scotland Taxable Income £ Tax Rate % Band Name Taxable Income £ Tax Rate % 0-2,000 19 Starter N/A N/A 2,001-12,150 20 Basic 0-34,500 20 12,151-32,423 21 Intermediate N/A N/A 32,424-150,000* 41 Higher 34,500-150,000* 40 Over 150,000* 46 Top/Additional Over 150,000* 45 * If earnings exceed £100,000 the Personal Allowance is […]
An HMRC paper promised in the Budget could be bad news if you use Airbnb. The government has set out a call for evidence relating to rent-a-room relief in response to the rise in short term rentals facilitated by Airbnb and its competitors. Rent-a-room relief is typical of some of the neglected parts of the […]
The government has published a review on automatic enrolment in workplace pensions which makes important proposals for employers. Automatic enrolment of employees in workplace pensions has been a greater success than many predicted when it was introduced in October 2012. To date over nine million employees have been automatically enrolled into a workplace pension and […]
