Bentley IFA has been reviewing the various support schemes offered by the government. Please find below the updated government matrix, which includes details for rules on supporting the self-employed. Individuals / Employees Self-Employed Individuals* Businesses / Employers* Coronavirus (COVID-19) helpline – Webchat – Speak to an adviser – for problems paying taxes due to coronavirus (COVID-19),…
Is the impact of the Wuhan Coronavirus being offset by better news elsewhere? Comparing the current Coronavirus with previous endemics is likely to be misleading, as they differ in terms of the speed with which they spread, and the ratio of fatalities to the total number of people infected. Alarmingly, more people have been diagnosed with…
Answer: a pension. Bear with me, because this is not the normal argument about the value of saving for retirement, even if all that stuff is true, and what I would normally lead with in an article like this. Imagine for the sake of argument that your grandchild is born in January next year. Given…
Master trusts could lead to poorer retirement outcomes than group personal pensions, as these schemes don’t allow for adviser charging, Royal London has claimed. In its 24-page policy paper Group Personal Pension or Master Trust? – A guide for employers published last week (April 25), Royal London stated if employees are enrolled into a master trust they…
Now is the perfect time get a head start on your tax planning resolutions to enhance your own, your family’s or your company’s tax-efficient plans for the future. We have set out some tax tips and actions that may be appropriate to certain taxpayers. It is important to ensure that, if you have not done…
Brexit has had a negative impact on the UK stock market, but we believe this means many stocks are now undervalued. As a result we are now telling clients UK focused funds represent a very attractive proposition for investors with a longer-term view. On a 12-month forward price/earnings basis the UK market is currently trading…
Why put the money away for the future if you are happy paying the dividend tax? Some business owners would rather take the money out and have this in their current account so that they have total control on this – presumably they believe they don’t control their pensions? But if they saw the following…
One of the notable occurrences from the selloff in recent weeks has been the marked performance differential between growth stocks and value stocks. Since the start of October, managers with a greater bias to growth stocks are down up to 10%, while managers with a value style bias have held up comparatively well and are…
It was another quiet Budget for pensions: the only tax related change was confirmation of the new lifetime allowance for the 2019/20 tax year. The increase in line with the Consumer Price Index has been rounded up to the nearest £1,000 rather than the nearest £100 as allowed for in the legislation, resulting in the…
