There’s less than a month to go until the end of the 2018/19 tax year. However, there’s still time to consider some last-minute tax planning to maximise the use of an individual’s allowances, reliefs and exemptions for the current tax year. Some of these will be lost if not used before the tax year end. This year end tax planning checklist covers the main planning opportunities available to UK resident individuals and will hopefully help to inspire action to reduce tax for 2018/19 and 2019/20.
Investment fads are nothing new. When selecting strategies for their portfolios, investors are often tempted to seek out the latest and greatest investment opportunities. Over the years, these approaches have sought to capitalise on developments such as the perceived relative strength of particular geographic regions, technological changes in the economy, or the popularity of different […]
The FTSE 100 ended the year down 12.5%, its worst performance in 10 years. Few sectors or, for that matter, global markets, avoided a decline. The FTSE 100 in 2018 The FTSE 100 ended 2018 12.5% down from where it started, having failed to spend much time above its 7,687.8 starting level. This year’s roller […]
Members of pension schemes are permitted to fund into the pension the lower of 100% of their earnings or £40,000. However high earners (over £110,000) may have the £40,000 limit reduced, down to a minimum of £10,000. This limit is known as the Annual Allowance. When you exceed the annual allowance and have carried forward […]
Cast your mind back to February 2016, when the Ministry of Justice (MoJ) published a consultation paper proposing a complete change to how probate fees will be charged. Replacing the current flat fee approach with a set of bands which went up to a £20,000 fee for estates valued at over £2m. The consultation provoked an outcry […]