As suspected the Chancellor didn’t push ahead with the pension reforms, he did however introduce the Lifetime ISA and reduce the personal CGT tax rates. Read our summary of the details that may be relevant to you. Income Tax Personal…
Read more... The tax-free personal allowance is to rise to £11,500 from April 2017. A new lifetime ISA designed to help those struggling to save for a home and for their retirement will be available to anyone under 40 – with the…
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The Chancellor, George Osborne, has announced at the weekend that the widely anticipated changes to tax relief on pensions will not now go ahead. The changes would have meant a flat rate of tax relief being introduced to pension contributions…
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During the first week of March, stock markets continued their recovery despite Chinese macro-economic data releases failing to impress and European updates being only marginally better than expected. The drivers were oil prices rising back to $39pb and robust economic…
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We are less than 2 months away from the new rules on Lifetime Allowance and Annual Allowance for pension savers coming into force. As a reminder the Lifetime Allowance is the maximum pension fund that clients are able to hold…
Read more... We are fast approaching the end of the tax year and with a Budget and two bank holidays thrown in during March now a good time to think about any unused allowances for both your pensions and ISAs. There are…
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There has been wide industry comment that a ‘flat rate’ of pension tax relief may be announced by the Chancellor in the Budget on 16th March this year. Currently the rebate people receive is based on their income tax…
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At the end of the Chinese New Year holiday week, Zhou Xiaochuan, governor of the People’s Bank of China (PBoC), made a rare appearance in public, when he gave an interview to Beijing-based media outlet Caixin. The interview, represents Zhou’s…
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Money is still pouring out of China. In January, the Peoples Bank of China (PBC) spent US$100bn of its foreign exchange reserves trying to prop up the Renminbi following December’s outflows of US$108bn. Investors rattled by the economic slowdown are…
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