Blog

State Pensions (2)

State Pensions (2) – our previous blog on state pensions discussed how you can increase the returns from your state pension by deferring payment. This post concerns those age groups that may want to consider making a top up payment to their state pension. If you are eligible for a state pension but will miss […]

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Equitable Life

Former Equitable Life with profit policyholders will receive a further payment from the compensation system early next year. The budget announcement confirms that those in receipt of either a guarantee or savings credit will be eligible. The total pay-out is estimated to be £45M and applies to with profit policies bought between September 1st 1992 […]

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High Rate Tax Payers and Pensions (2)

High Rate Tax Payers and Pensions (2) – If you recall our previous blog which stated that if you are a high rate tax payer you should consider making the maximum pension contribution prior to the budget on the 8th July. In the budget the chancellor however merely restricted annual allowances for Additional Rate Tax Payers, […]

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Bank deposit protection to be reduced to £75,000.

Bank deposit protection to be reduced to £75,000. As if deposit holders needed another excuse to seek other homes for the derisory returns that are provided on deposits. The meddling European Union will reduce the overall protection for deposit holders and, via the FSCS, will reduce the amount it guarantees for bank deposits from the […]

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Investment Trusts complex?

Investment trusts are to be classified as “complex instruments” – from January 2017 investors who want to buy an investment trust will have to complete a questionnaire, the same type of questionnaire that people complete if they wish to get involved with unregulated funds, hedge funds and warrants. This requirement arises from the European Markets […]

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Bad Investment Funds – Investment Dogs!

The presence of bad investment funds, or investments with persistent poor performance, has led to poor investment funds being termed “investment dogs”. Last week was Dog Awareness Week, so we thought that it would be fun to unmask some of the worst funds that may be lurking in your investment portfolio. No matter how thorough the […]

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Elderly Relatives, Wills, Trusts, Powers of Attorney

If you have an elderly relative, you should consider setting up what legal protections you can for them to prevent local authorities from attempting to grab their assets. Ensure that they have wills that are up to date, protective trusts established and – of utmost importance – lasting powers of attorney. It is not only […]

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New ISA Rules

There are new rules for ISA investments that take place with effect from 1st July. The investment funds that can be held in ISAs , Junior ISAs and Child Trust Funds are to be widened to include shares in peer to peer lending companies and also a wider range of investment trust choices, plus retail […]

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Avoid inheritance tax by giving my assets away…

“Ray, I understand that the only way to avoid Inheritance tax is to give monies to my children!” Well it is certainly true that many people want to reduce the amount of assets in their names so as to not only avoid inheritance tax, but also avoid paying for nursing home and care home costs. […]

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Offshore Bonds and Trust Planning

If you have accumulated worthwhile amounts of capital then you may be considering tax-efficient options for investing large amounts of capital.  Offshore Bonds and Trust Planning are often combined if you intend to give away your assets at some point. Offshore bonds are investment wrappers set up by life insurance companies in an offshore jurisdiction […]

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