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Child Trust Funds are reaching maturity on 1 September. CTFs and Junior ISAs (JISAs) are tax efficient ways of saving for children: the annual subscription limit has now doubled. Worth considering for younger savers’ long term investments.
Chancellor Rishi Sunak made no change to inheritance tax in the March Budget, despite expectations, leaving certain estate planning measures still open. Review your IHT planning in case the Autumn Budget brings in the anticipated changes.
Coronavirus has greatly impacted the stock markets, with the UK FTSE 100 and US Dow Jones Index suffering the worst performance since 1987.
The thresholds for taper relief on pensions taxation have been increased, although highest earners face some negative changes. Now is a good time to review and potentially increase your pension contributions.
The Bank of England base rate is at an all-time low: now could be the time to review your long term financial planning, investments and retirement income.
The FCA warns about investing in unregulated investments (such as mini bonds) which leave investors exposed with little protection. Seek advice before risking your capital on unregulated investments: if it looks too good to be true, it probably is.
We have pulled together a round-up of the key announcements so far for businesses and individuals including useful links to government sites.
NS&I are lowering interest rates across its products. But Premium Bonds could still be attractive if your saving or ISA allowances are topped out.
2019 was a bumper year for UK dividend payments. While this may not continue in 2020, with low interest rates, equities are worth remembering.
The new state pension is going up, but the UK is at the bottom of the OECD league, with a state pension representing only 21.7% of average earnings. Planning for retirement is vital.
