Wealth Design News

FCA cracking down on pensions advice

Bumper pension scheme transfer values have encouraged thousands of savers to trade in their valuable final salary pensions in recent years. But the city regulator has said it is ‘deeply
Read More

Income tax rates and allowances for 2019/20

The basic, higher and additional rates of income tax for 2019/20 remain at 20%, 40% and 45% respectively. The basic rate limit for 2019/20 rose to £37,500 (except in Scotland).
Read More

Reclaiming the personal allowance

Where it is earned income that is likely to take the individual into the £100,000 – £125,000 bracket they could consider reducing this by adopting one or both of the
Read More

Beneficiaries of employer-provided pension benefits

When an employer provides death-in-service benefits through a life assurance policy or offers retirement benefits through a qualifying relevant overseas pension scheme, the employee in question will usually name a
Read More

IHT planning – ideas for consideration

Individuals who wish to transfer wealth on to the next generation should consider making full use of their £3,000 annual exemption. If this was not fully used in the last
Read More

Surviving a no deal Brexit

Here’s what might happen to house prices, jobs, savings and pensions: House prices: The Office for Budget Responsibility, the government’s independent forecasting agency, believes house prices will tumble by around
Read More

Countdown to our Client’s Retirement Seminar

In September we are holding a (free to attend) retirement-themed seminar. If you are planning for or are already in retirement, this is a perfect opportunity to learn more. The
Read More

Inheritance tax (IHT)

Whilst the residence nil rate band of £150,000 per person from 2019/20, rising to £175,000 per person (from 2020/21) may provide some respite from potential IHT liabilities remember that: this
Read More

Trading and property allowances

The allowances for trading and property income remain at £1,000 for 2019/20. Individuals with income of this type which does not exceed their allowance do not have to declare and
Read More