Brexit took another turn during January, as UK Prime Minister Theresa May set out her vision for the UK’s exit from the European Union (EU). In a speech that set out the framework of her Brexit plan, she made it clear that the UK does not intend to stay in…
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Budget 2016 George Osborne’s eighth Budget as Chancellor of the Exchequer proved something of a mixed bag, in which tax breaks for small businesses and savers appeared alongside a downbeat assessment of the global economy and the UK’s financial position. Although the UK’s deficit is still on target to be…
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Since 6th April those entering retirement have a number of options when considering how to draw an income.  Below we briefly examine the main benefits and risks of the new Flexible Drawdown option:   Benefits It’s a more flexible retirement option, individuals can carry on working and use pension drawdown to top…
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166 penalty notices were issued by the Pensions Regulator to firms breaking auto enrolment regulations in the final three months of 2014.  Firms were issued with £400 fixed penalty notices totalling £66,400.

ISAs The Government will introduce an additional allowance for spouses and civil partners when an ISA saver dies, equal to the value of the holding on death. Result: ISAs can be transferred in death tax free! The Government will also increase the ISA annual subscription limits in line with CPI….
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