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Boost Your Pension Before the End Of the Tax Year
The last day of the tax year is coming up in April, but there is still time to take steps in order to make the most of your pension. Here are some useful tips from our partners at Standard Life to help you prepare. 1. Use your pension allowance Your pension annual allowance is the…
Bank of England Governor Announces Inflation Rise
The governor of the Bank of England, Mark Carney, has announced that the fall in the value of Sterling will result in a rise of inflation on goods and services, starting with food prices in the next few years. Mr. Carney spoke at a public roundtable where he announced the rise, and warned that the…
A WEEK IN FINANCIAL MARKETS
Equity markets ended last week on a positive note, with rises across the board on Friday, including the FTSE All-Share and Euro STOXX 600 which were both up +2.6% and the S&P 500 up +3.1%. The S&P ended up +6.5% for the week, the Dow Jones up +5% and the NASDAQ up +7%, making it…
Time To Look Abroad? UK Workforce To Suffer “Dreadful” Wage Prospects
The Institute for Fiscal Studies (IFS) has outlined the wage prospects of UK workers as “dreadful” after Chancellor Philip Hammond’s first Autumn Statement. The IFS states that workers will be worse off financially in 2021 in real terms than they were in 2008, with lower income families to be the worse affected. Paul Johnson, Director…
IMPORTANT INFORMATION CONCERNING TRUSTS
Trust Registration Service (TRS) Following European wide anti-money laundering regulations, HM Revenue & Customs (HMRC) now require most trusts to be registered on their online TRS. The types of trust (unless excluded) that would need to be registered include: An express trust UK and non-UK trusts with a liability to UK taxation A Designated Unit…
Over 3 Million Savers Out of Pocket as Santander Reduces Interest Rates
More than three-and-a-half million savers using Britain’s most popular current account will see their interest rates cut in half later this year. High street giant Santander was last night accused of ‘kicking savers in the teeth’ after announcing plans to slash rates by six times the amount the Bank of England reduced interest rates earlier…