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  • Drawdown

    • 19th April 2018
    • Posted by: shayne
    • Category: Pension
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    Drawdown Flexibly accessing your pension through income drawdown. After years working hard to build up your pension pot, you’ll naturally want to make the most of it when it’s time to retire. There are several options on the market, and since the government’s introduction of pension freedoms in 2015, you have even more choice about

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  • Spring Statement 2018

    • 19th March 2018
    • Posted by: shayne
    • Category: Spring Statement
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    A statement with few announcements Chancellor Philip Hammond has delivered his Spring Statement 2018, and on his promise to move away from two major fiscal announcements every year. There was no red briefcase, no red book, and no tax changes as the chancellor announced updated economic forecasts in a speech lasting less than half the

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  • Year-End Tax Guide 2017/18

    • 22nd January 2018
    • Posted by: shayne
    • Category: Tax, Year End Tax Guide
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    Year-End Tax Guide 2017/18 Personal allowances and reliefs The personal allowance for the current tax year is £11,500. Non-savings income above the personal allowance is taxed at rates from 20% to 45%. A higher marginal tax rate may be payable between £100,000 and £123,000 when the personal allowance is gradually withdrawn, giving an effective marginal

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  • Tax Card 2018/19

    • 18th January 2018
    • Posted by: shayne
    • Category: Tax
    No Comments

    Tax Card 2018/19 TAXABLE INCOME BANDS AND TAX RATES   2018/19 2017/18 Starting rate* of 0% on savings up to £5,000 £5,000 Basic rate band £34,500 £33,500 Higher rate band £34,501 – £150,000 £33,501 – £150,000 Additional rate band Over £150,000 Over £150,000 Basic rate 20% 20% Higher rate 40% 40% Additional rate 45% 45%

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  • FAC Group Wealth Knowledge – January 2018

    • 3rd January 2018
    • Posted by: shayne
    • Category: Wealth Knowledge
    No Comments

    State pension top-up proves a flop The government’s state pension top-up scheme attracted just a 5% take-up over an 18-month window, figures from the Office for Budget Responsibility (OBR) show. It offered men aged 65 or over and women aged 63 or over the chance to increase their state pension entitlement by up to £25

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  • Protection for individuals

    • 3rd January 2018
    • Posted by: shayne
    • Category: Insurance
    No Comments

    Protection for individuals Insurance options to ensure your loved ones are looked after. In modern-day society there’s an insurance policy for virtually every scenario, but certain protection policies are essential to cater for your beneficiaries in the event of unforeseen circumstances. Policies such as life insurance, critical illness cover and income protection can safeguard your

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  • Pension lump sums

    • 3rd January 2018
    • Posted by: shayne
    • Category: Pension
    No Comments

    Pension lump sums Everything you need to know about taking your pension flexibly. Former chancellor George Osborne introduced pension freedoms back in April 2015 and the number of individuals raiding their pension pot flexibly continues to rise. Data from HMRC shows 198,000 savers used the freedoms to access their pension early – up 20% on

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  • Wealth Knowledge – December – 2017

    • 1st December 2017
    • Posted by: shayne
    • Category: Wealth Knowledge
    No Comments

    Stamp duty land tax (SDLT) has been abolished for most first-time buyers on all properties worth up to £300,000. Chancellor Philip Hammond, who announced the measure in his Autumn Budget on 22 November 2017, said the move would cut the tax for 95% of first-time buyers – and abolish it for 80% of them. SDLT

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  • Financial planning and trusts

    • 1st December 2017
    • Posted by: shayne
    • Category: Trusts
    No Comments

    Managing your assets for the benefit of others. If you’ve been thinking about ways to plan your finances with beneficiaries in mind, it’s likely placing your assets into trusts would’ve been on your radar at some point. They can provide your loved ones with financial security in the form of guaranteed income, while protecting your

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  • Employee benefits

    • 1st December 2017
    • Posted by: shayne
    • Category: Business
    No Comments

    How to keep staff onside by providing workplace perks. Most employees like to receive perks. They have the psychological benefit of making them feel valued, which can engender goodwill and loyalty and help retain high calibre individuals. Consequently, it can be cost-effective for you to provide employees with non-cash benefits as the perceived benefit can

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