Blog
Equity markets have had a much quieter first three months in 2021 than they did last year. The FTSE 100 appears to remain a laggard, but that ignores the recent strength of sterling. Similarly, the standout 10.3% rise of the Euro Stoxx 50 drops to 2.1% when we factor in the decline in the Euro.
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If a trust might generate taxable income or gains, HMRC required the trustees to register it with them. They did this using paper Form 41G (Trust). This was not the case where the trust would not generate any taxable income or gains. An example of this is where a trust holds an investment bond. What
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The Budget announced corporation tax rates will increase from 1 April 2023. The current understanding of the change, as set out in HMRC’s policy paper, is that: The existing 19% rate will continue to apply to companies with profits of up to £50,000, subject to associated companies’ rules (This will not apply to close investment-holding
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In the March 2021 Spring Budget, the Chancellor confirmed that the Lifetime Allowance (LTA) will be frozen at £1,073,100 until April 2026. The LTA was planned to increase by CPI each year as it has done since 2018/2019. The annual increases now won’t take place until at least April 2026. The change has little immediate
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The budget has come and gone with no major changes to taxation. However, there have been some minor changes or clarifications which can have a long-term impact. Below we have listed some considerations there may be before the end of the tax year. To be clear none of this represents advice and you should get
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This is one of the more important budgets of recent times. So, what was announced? Income tax rates, thresholds, and thresholds For 2021/22 Personal Allowance increasing to £12,570, basic rate band to £37,700 meaning a higher rate threshold of £50,270 – but then these figures will be frozen until April 2026. No changes to dividend
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The number of underperforming, or “dog”, funds has risen by a third this year, new data has shown. This is partly due to the gulf between the performance of different styles of investing. The pandemic has exacerbated this, but value and income investing have lagged behind growth investing for a while. How bad could having
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Do you have all your essential documents in one place? If you do not, it may be a good idea to start. To focus your thoughts, think about what you would need in the event of a disaster like severe weather or a house fire. What would you need to have ready to grab and
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We all want the best for our grandchildren. We would also like to reduce the inheritance tax (IHT) our loved ones could pay when we die. For many, giving their children or grandchildren the best opportunities means private schooling. More than half a million children currently going to private schools in the UK. According to
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The Halifax has published research into first-time buyers showing the heavy year the Bank of Mum and Dad has experienced. The average price paid by a first-time buyer in the UK last year was £256,057. This was up by £22,939 (10%) from a year earlier (£233,118). How much of this came from the Bank of Mum and
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