Dividend Allowance and Money Purchase Annual Allowance Cuts on Hold

Since writing this post the Government has confirmed it will reintroduce all the measures dropped from the Finance Bill 2017. It also intends to stick to the original implementation dates. As a result of the early general election and with Parliament due to be dissolved on 3rd May, there is now insufficient time to get the full Finance Bill on to the statute book. A number of measures have been removed from the current Bill. The two measures most relevant to our clients are: Dividend Allowance Cut Currently every individual is able to earn dividends of £5,000 each year tax free, this allowance was due to be cut from £5,000 to £2,000 from April 2018 but it is no longer part of the current Fin

When Ignorance Isn't Bliss

The word ‘ignorance’ has been prevalent in recent days to describe the lack of appreciation of the consequences of our actions. Be it the treatment of the true meaning of Easter by The National Trust and Tesco’s; or the failure to apply basic human decency to a passenger by United Airlines, there will always be an outcome, intended or otherwise if we show or apply ignorance in what we do or the decisions we make. As my wife and I stood, by pure coincidence, in the Plaza Mayor in Madrid last week, the inevitability of what was unfolding was clear to all, apart it appeared from a group of football fans, whose good humoured chants and songs, had deteriorated into the lighting and throwing of fl

The New Lifetime ISA

This week saw the introduction of the new Lifetime ISA, we have had a number of enquiries from clients interested in learning more so I thought it would be a useful topic for this week’s blog. What is a Lifetime ISA The Lifetime ISA (being referred to as the Lisa) was announced by George Osborne in his 2016 budget as an investment vehicle for a younger generation of savers wishing to save for a first home or save for retirement. Only those aged between 18 and 39 are eligible to open a Lifetime ISA. The overall ISA allowance has been increased to £20,000 this year (from £15,240 in the 2016/17 tax year) and any Lifetime ISA contributions will count towards this overall limit. Anyone who takes

Lifestyle Choices in Retirement

As I sit down to type this, our very own business strategy adviser Ray (AKA Dad to me) is in Norway preparing to undertake the Red Bull Ragnarok 2017. The Ragnarock is an endurance snow-kite race, its name is taken from an epic battle depicted in Norse mythology, where only the heroes of the battlefield survive, just as only the toughest of riders will complete the required five laps of the gruelling 15-20km course using only a kite and skis or a snowboard. At almost 63 Ray will probably be the oldest rider in the race, but I know he will be up there competing with the best of them. Although an experienced skier, it wasn’t until his 55th birthday that Ray took up kite surfing and his first e

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