Last year’s Finance Act brought in the anti-forestalling tax net and has left a number of people bemused about paying further amounts into pensions.
With our taxes say VAT likely to go up and personal allowances due to be frozen we should maximise what relief we can secure.
There are key advice opportunities [...]
SIPP has been in vogue for the last few years and its older brother SSAS(Small Self Administered Scheme) has been written off of late. Far from it being dead, the SSAS is not only alive and well but enjoying a bit of a comeback. This is especially true for company directors who, rather [...]
The recent budgets have attacked pension tax relief for very high earners, but over eighty percent of higher-rate taxpayers continue to be eligible for 40% tax relief on their contributions.
This is an exceptionally valuable benefit and nearly a quarter of a million people do not claim this relief - either through apathy, or because [...]
Last Saturday one of my clients went to her local RBS in the south side of Glasgow to make a withdrawal of £500 out of her current-instant access account.
She was informed that they did not have enough cash for everyone that morning and so was offered a lower amount.
My question is this- would it [...]
With interest rates at record lows and valuations lower on most equity portfolios by around 25% over the last two years investors have had to increase risk to generate a decent income.
We have had a reduction in values across property, bonds, equities and cash. Investors wanting a high and growing income used to stay put [...]
Following on from the income story above I thought I would quote some statistics from FTadviser.com in relation to some bond funds.
Now we invest in bonds as it generally gives a higher income than equities but lower capital appreciation.The average yield on UK corporate bond fund is 6.4% and for Global Fixed Interest it is [...]
Best Business and Charity Bank Rates-Your Bank Needs You!
How will our high street banks rebalance their books? Well appears that one way is to offer loyal cash rich businesses (both limited companies and partnerships/sole traders) and charities a poor rate of return of less than base rate then hand it over to first time buyers [...]
UK equities have jumped from their heavily discounted position at the beginning of the year. We could now be entering the second phase of this bull market with gains coming from mergers and acquisitions and recovery stocks. We feel that we will experience little or no growth in the economy in the next three years [...]
Credit card borrowing fell by 3% and the number of cards in circulation dropped by 8% over the last year, according to PricewaterhouseCoopers (PwC).
Unsecured and secured lending also fell, by nearly 40% and 80% respectively, this is as a result of lenders being more selective and individuals tightening their belt.
As and when we [...]
It is predicted that the majority of large plcs will cease defined benefit pension provision to all employees within three years, according to Pension Capital Strategies (PCS).
The total deficit of such schemes was estimated to be £102 billion at the end of June 2009 a three fold increase from the £34 billion three [...]
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