Brexit: no half-measures
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
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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Benefits and Risks of Flexi-Access Drawdown
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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Surge in Auto Enrolment fines
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.
Tax and Allowances for 2015
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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