Posted on May 4, 2016 by admin - Stamp Duty
What could the shake-up mean for you?
A shake-up of the stamp duty rules took effect on 1 April 2016 in relation to anyone owning more than one residential property – this will affect those buyers funding the purchase of a new home with the sale of an existing home: if their buyer pulls out but they still want to go ahead – perhaps by using a bridging loan – they will be liable for the stamp duty surcharge because they will technically own two residential properties at completion. (more…)
Posted on May 3, 2016 by admin - Retirement
How much will I get under the new State Pension?
The State Pension changed on 6 April 2016. If you reach State Pension age on or after that date, you’ll now receive the new State Pension under the new rules. The aim of the new State Pension is to make it simpler to understand, but there are some complicated changeover arrangements which you need to know about if you’ve already made contributions under the previous system. (more…)
Posted on April 26, 2016 by admin - Brexit
Impact on financial markets ahead of the EU referendum
With an increasing focus on ‘Brexit’, our investment clients will naturally be monitoring the impact on financial markets ahead of the referendum scheduled for Thursday 23 June. (more…)
Posted on April 25, 2016 by admin - Savings
Harnessing the simplicity and popularity of the ISA wrapper
The introduction of the new Lifetime Individual Savings Account (LISA) next year is aimed at helping young people save flexibly for the long term throughout their lives, and simultaneously enabling them to save for a first home and for their retirement without having to choose one over the other. (more…)
Posted on April 19, 2016 by admin - Inheritance Tax
HM Revenue & Customs allows you to make a number of small gifts each year without creating an Inheritance Tax liability. Remember, each person has their own allowance, so the amount can be doubled if each spouse or registered civil partner uses their allowances. (more…)