Archive: Oct 2018

Capital Gains Tax on Second Homes Liability and Planning

More people are selling second properties. This could give rise to substantial CGT liabilities. How are those CGT liabilities calculated? Advance planning can reduce those CGT liabilities.   It would seem that some of the tax measures announced by George Osborne in his Budget in 2015 are beginning to take effect.  More and more people […]

How much should you be saving for your retirement?

How much should you be saving for your retirement? In most cases, the answer to this question is more than you’re putting in now! The minimum that you should be putting aside for your retirement plans, if you’re free of unsecured debts like credit cards and loans, is 12.5% of your income. But why 12.5%? […]

Working Beyond 65

The proportion of those aged over 65 still working is close to 11%. Source ONS 11/9/2018 The latest unemployment figures, for the May to July 2018 period, showed the employment rate for those aged 16-64 was 75.5%, slightly lower than in the previous three months, but up 0.2% year-on-year. A closer look at the figures […]

Get Smart About Credit (DEBT) Day

We’re a nation built on credit, but we don’t have to be. We’re creatures of habit, and it’s become normal for us to get credit cards and use them. I’d like to see that change. In the US, the third Thursday every October is Get Smart About Credit Day, and we should piggyback on that […]

Bank of Mum and Dad at risk or not?

Over recent years the so-called Bank of Mum and Dad has been an increasingly popular way to help first time buyers get onto the property ladder. However, an article claiming that, “The Bank of Mum and Dad risks going out of business” appeared in the Financial Times last week. On the other hand, a report produced by Legal […]

Next Page »