Wealth Design News

Are VCTs worth the risk?

The amount of money invested in VCTs has increased sharply over the past decade, increasing by 374% from £154m in the 2008/09 tax year to £731m in 2018/19.  VCTs are
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More scrutiny over peer to peer lending

IHE CITY watchdog has beefed up its scrutiny of the peer-to-peer lending sector in the wake of the Lendy collapse. The Financial Conduct Authority (FCA) has faced criticism over its
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Tax reliefs for wealthy under the spotlight

Savers and investors could be slapped with an extra £120billion in tax over five years under a major shake-up of capital gains tax touted by an influential think-tank. Capital gains
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More Young People saving thanks to Automatic Enrolment

The TPR, the Pensions Regulator, has published a report examining the impact of automatic enrolment so far, along with future challenges.  A key finding was that more people in their
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Probate Fee Increases Abandoned

The Ministry of Justice has abandoned the planned increase in probate fees for England and Wales.  It emerged that the Government had abandoned its controversial plans to replace flat fees
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Continuing equity release fears

Thousands of homeowners in their 50s used high-interest equity release loans last year to unlock cash from their properties. But experts have warned that interest payments could erode the total
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Avoiding online investment scams

It is hard to get accurate data on the extent of pension fraud, but it is certainly a serious problem. Which.co.uk research showed that the average loss for those affected
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The march of ETFs

Institutional investors have shown high preference for Exchange Traded Funds (ETFs) and Fund of Funds (FoF) over other category of mutual fund schemes in the past three-four years. Of the
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Stamp duty take down

The Treasury’s stamp duty haul has fallen by more than at any point in the past decade. Stamp duty receipts from residential property fell by more than £900m in 2018-19
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