The much talked-about Residential Nil Rate Band will come into effect in the new tax year, in about a month’s time. The RNRB will allow you to pass down your main residential home to your direct descendants, which includes children, adopted children, step-children, foster children or children under guardianship with you, if you die […]
The Treasury have announced that it is now possible to withdraw up to £1,500 from your pension pot, tax free, in order to pay for financial advice. This rule change comes into effect in April this year and allows you to withdraw £500 at a time, three times per year, to use in payment […]
Last month inflation was up to 1.6%, the highest since June 2014, and it is expected to rise to 2% throughout 2017 because of the rising cost of imported goods. The Bank of England originally forecast 1.4% growth back in November last year, but the growth outlook for 2017 has been upgraded to a solid […]
It would seem that, with the scrapping of pension exit fees, providers will always have other ways of applying fees that are to their advantage. One of those ways is servicing fees. Now, we fully agree with servicing fees – providing the service justifies the fee. However, in reality the so-called ‘service fee’ generally involves […]
So we are well into March. Where did that time go? We are therefore only a few weeks away from Trust Tax Return letters winging their way from HMRC to you in April. As always, we are here to help with any queries on your Tax Returns relating to any trusts you may have […]
A recent study by the Financial Conduct Authority revealed the increasing risk of retirees being scammed via investment fraud. Low interest rates were cited as a key driver as investors seek higher returns. Over 65s with savings in excess of £10,000 are three and a half times as likely to fall victim to investment fraud. […]
