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Wealth Knowledge – May 2022
- 6th May 2022
- Posted by: shayne
- Category: Wealth Knowledge
No CommentsThousands benefit from time to pay More than 142,000 people have used the tax catchup scheme known as ‘time to pay’ (TPP) with HMRC to spread the cost of their self-assessment tax bill since April 2021. The deadline for self-assessment tax returns and payments for 2020/21 was 31 January, but HMRC gave people until 1
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The importance of estate planning
- 5th May 2022
- Posted by: shayne
- Category: Estate Planning
How to prepare and protect your estate. We are all somewhat used to living with economic doom and gloom at present, from sky-high inflation rates to tax rises being splashed across the news headlines. But recent analysis from the Office of Budget Responsibility shows that you may also get stung harder after you are gone.
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Consolidating your pension pots into one
- 4th May 2022
- Posted by: shayne
- Category: Pension
What you need to know. During your working life, you may want to find out exactly how much you have in your pension savings so you can start managing them more effectively. But if you’ve worked for several different employers over the years, you might have built up quite the collection of different pension pots
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Wealth Knowledge – April 2022
- 6th April 2022
- Posted by: shayne
- Category: Wealth Knowledge
Over one million individuals use extra time to file tax returns More than one million individuals completed their self-assessment tax return by the extended deadline at the end of February 2022. HMRC estimates 11.3m of 12.2m of the taxpayers who had to file a self-assessment tax return for the 2020/21 tax year did so by
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Business Exit Strategies
- 4th April 2022
- Posted by: shayne
- Category: Business
Options for sale or succession. The past couple of years gave many business owners more challenges than they’d ever faced before. From political turbulence and Brexit to the far-reaching and long-lasting impacts of the COVID-19 pandemic, it would be an understatement to say things have been tough. If you were already thinking about retiring in
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How does the National Insurance increase affect you?
- 31st March 2022
- Posted by: shayne
- Category: Tax
Brace yourself for this tax rise. In a much-touted tax rise to fund additional NHS, health and social care spending, this April sees 1.25% added to National Insurance. At face value, that seems pretty simple (if unwelcome, given all the other inflationary pressures) for those who pay National Insurance. But scratch a little below the
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Spring Statement 2022
- 24th March 2022
- Posted by: shayne
- Category: Spring Statement
Spring-loaded: crisis solutions or half-measures? Introduction Amid rising pressure to bring in significant relief measures to combat the current international emergency, Chancellor Rishi Sunak implied ahead of time that he could only do so much. Speaking at the weekend, he acknowledged concerns about price hikes and inflation, vowing to stand by people in the same
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Wealth Knowledge – March 2022
- 4th March 2022
- Posted by: shayne
- Category: Wealth Knowledge
Pandemic-related factors see divorce rates slump in 2020 The number of divorces in England and Wales fell by 4.5% in 2020, according to the Office for National Statistics (ONS). In 2020, there were 103,592 divorces granted in England and Wales, compared to 107,599 divorces approved in 2019. During the height of the pandemic, lockdown restrictions
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Why you need to look at your pension in 2022
- 4th March 2022
- Posted by: shayne
- Category: Pension
Should you factor inflation into your pension plans? Pensions stories have been rife in recent months, led by the Government’s decision to downgrade the fabled triple-lock on the state pension for 2022/23. The triple-lock refers to the state pension rising by inflation as measured by the Consumer Prices Index (CPI) from the previous September, average
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Beat inflation through savvy investments
- 3rd March 2022
- Posted by: shayne
- Category: Inflation
Inflation may hit 7% this spring; investing can help. Soaring inflation is about to affect everything we do this year and preparing now may be the best way to head off that threat. Last month, Ofgem raised its energy prices cap by 54% – bad news for homes that are not on fixed deals with