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Making the most of a windfall
- 1st June 2020
- Posted by: shayne
- Category: Tax
No CommentsWhat to consider if you come into big money. Anyone who watched ITV’s recent drama Quiz, depicting Charles Ingram cheating his way to £1m on Who Wants to Be a Millionaire? back in 2001, can be forgiven for dreaming of scooping a windfall. Those dreams are likely to become more vivid this year, with the
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Wealth Knowledge – May 2020
- 6th May 2020
- Posted by: shayne
- Category: Wealth Knowledge
Furloughed savers warned over relaxed workplace pension rules Furloughed workers saving into workplace pension schemes are being warned to be on their guard about employers cutting their contributions without their consent. Around nine million employees in the UK have been furloughed since lockdown measures were introduced. Millions of other workers are considering reducing contributions or
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Gifts, philanthropy and inheritance tax
- 5th May 2020
- Posted by: shayne
- Category: Inheritance Tax
Gifts, philanthropy and inheritance tax Tax considerations when giving to loved ones or a good cause. When you’re writing a will and planning your estate, you’ll want to make sure as much as possible goes to the people and causes you care about. The good news is there are incentives for those who decide to
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Coronavirus: The effects on house prices
- 4th May 2020
- Posted by: shayne
- Category: Home Buying
Coronavirus: The effects on house prices How lockdown impacts on the property market. Most investment portfolios are experiencing extreme market volatility this year as the coronavirus pandemic continues to affect every aspect of life in the UK. For many homeowners who are planning to put their house on the market this spring, it’s no different
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Wealth Knowledge – April 2020
- 3rd April 2020
- Posted by: shayne
- Category: Wealth Knowledge
Coronavirus pandemic could halve global growth outlook to 1.5% Coronavirus could slow global economic growth to its slowest rate since 2009, the Organisation for Economic Cooperation and Development (OECD) has warned. The organisation currently estimates global growth of 2.4% over the course of 2020 – down from 2.9% last year – and 0.6% down on
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Helping your adult children buy a home
- 3rd April 2020
- Posted by: shayne
- Category: Home Buying
Helping your adult children buy a home Options to help your offspring on the property ladder. Many young adults can’t wait to get on the property ladder, but sometimes they need a helping hand. There’ll come a time when your grown-up children want to buy their first property and you may well recall them idly
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Planning to sell or pass on a business
- 1st April 2020
- Posted by: shayne
- Category: Business
Planning to sell or pass on a business When is the right time to start planning? Even if retirement is decades away, it is never too early to start considering your exit plan from your business. There are plenty of potential minefields and complexities to consider. So the sooner you start thinking about exiting your
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Tax card 2020/21
- 31st March 2020
- Posted by: shayne
- Category: Tax
Tax card 2020/21 Income tax allowances 2020/21 2019/20 Personal allowance* £12,500 £12,500 Personal savings allowance · Basic-rate taxpayer · Higher-rate taxpayer · Additional-rate taxpayer £1,000 £500 £0 £1,000 £500 £0 Dividend allowance at 0% £2,000 £2,000 Marriage/civil partner transferable allowance** £1,250 £1,250 Trading/property allowance*** £1,000 £1,000 Rent-a-room allowance £7,500 £7,500 Blind person’s
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Spring Budget 2020
- 13th March 2020
- Posted by: shayne
- Category: News, Spring Budget
Biggest spending spree in 28 years “Getting it done” is the soundbite Chancellor Rishi Sunak clearly wanted us to take away from his debut Budget speech, but “giving it away” might be more accurate. The Government’s substantial majority gave Sunak carte blanche to overhaul taxes but, in the end, there were relatively few substantial changes.
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Wealth Knowledge – March 2020
- 8th March 2020
- Posted by: shayne
- Category: Wealth Knowledge
Most people are unsure how much is in their retirement savings Most employees do not know the current size of their pension pots, a study has found. Opinium polled 983 workers on behalf of the Pension and Lifetime Savings Association (PLSA) and found 54% did not keep track of their retirement savings. Knowledge levels among