The UK’s Autumn Budget of 2024, presented by Chancellor Rachel Reeves, introduced several significant changes to the pension landscape. Here’s an overview of the key reforms and their implications: State Pension Increase The government has committed to maintaining the State Pension Triple Lock for the duration of this parliament. Consequently, the basic and new…
This year will see over 2 Billion people worldwide heading to the polling stations with many of the biggest countries in the world having a general election. The key to this from an investors point of view is where does each result leave you? Markets do not like uncertainty and so in that regard…
With the budget on 15th March 2023 and the end of the tax year fast approaching most pre year-end tax planning will have been completed or should be well under way. However, there may still be some measures which can be undertaken to improve your tax position. Here are our top five tips to…
The Capital Gains Tax (CGT) annual exemption for individuals, personal representatives and trusts is to change from 6th April 2023. We thought it would be useful to summarise the changes as they may influence tax planning opportunities in advance of the end of the tax year. Background CGT is charged on gains arising from…
Reduce the cost of paying for private school fees At an average price of £4541 per term, for many parents the option to send their children to a fee paying school is not an option. However if you wish to consider sending them, what is the best way to save and how can these costs…
Budget 2021 – what you need to know In a Budget dominated by measures aimed at helping businesses and the economy recover from the impact of the coronavirus pandemic, there were also some significant announcements when it comes to your pensions, savings and the tax you pay. Chancellor Rishi Sunak’s second Budget, delivered on 3…
Tax planning with redundancy payments Redundancies are an unfortunate consequence of current times. And with the Government’s furlough scheme coming to an end, there may be more employers who will need to make cuts to their workforce. It’s important that those facing redundancy understand what is included in their lump sum payment, how it’s taxed…
Please see below a brief factual summary of the Chancellor’s announcement last Thursday. Employees For the six months from 1 November , the new Job Support Scheme (JSS) will protect viable jobs in businesses who are facing lower demand over the winter months due to COVID-19. Employees for whom JSS claims are made will need…
The Chancellor yesterday made his “Summer Statement”. I have summarised the key points and the potential impact for your clients and their families below. As always if you have any questions please let me know. Economic Backdrop In the first two months of the FY 2020/21, UK government borrowing has exceeded £100bn and according to…
One Day A Week dedicated to NHS Staff for a 15 minute Zoom Call At Our Cost Our amazing NHS workers are facing an extremely challenging and daunting future. They are essentially putting their lives on the line for us. Day in. Day out. On top of the worries of the coronavirus pandemic, we have…
