Personal financial planning Achieving your financial goals is made harder when you don’t have a plan laid out on paper. Without a timescale, a sense of priority and an idea of how you will use your money in the future, how can you be sure that...
Apprenticeship funding proposal announced Employers with 50 or fewer employees will have up to 100% of their apprenticeship training costs funded by the government. The government has announced more details about its apprenticeship programme and the funding that will be available to businesses that take on apprentices. The proposals...
New hourly national minimum wage (NMW) rates come into effect on 1 October 2016 Employers are already legally required to pay eligible workers who are 25 or over the national living wage (NLW of £7.20 an hour) Hourly NMW and NLW rates Age ...
Inheritance tax receipts up by a fifth Inheritance tax (IHT) receipts totalled £4.7 billion in 2015/16, a 22% increase on the previous year.Without taking inflation into account, this is the highest receipts have been since the IHT system was introduced in 1986. The Office for National Statistics...
Property wealth exceeds savings and pensions 69% of over-45 homeowners say that their home is worth more than their pensions, savings and investments combined, research by Aviva has found. Important findings: - 46% see their property wealth as a key part of their retirement income 23% are worried about...
In a surprise announcement, the Chancellor has announced that effective from 6 April 2016, the Capital Gains Tax (CGT) rates for standard rate taxpayers is to be cut to 10% (from 18%) and for higher rate taxpayers to 20% (from 28%). The new rates will not...
Just over a year ago the Stamp Duty Land Tax (SDLT) system was changed substantially for residential properties with the introduction of new rates. The rates applied on a graduated basis rather than on the old slab system whereby whatever rate applied to the total...
In the Budget, the Chancellor announced the introduction of a new flexible savings plan to help the under 40’s save for the future. Starting in April 2017, the government will launch a new Lifetime ISA that will help those aged between 18 and 40 to...
The Prime Minister David Cameron has announced the creation of a new savings scheme for people on low incomes. The scheme will be called the Help to Save scheme and is expected to be launched by April 2018. The new scheme will allow anyone in...
Digital quarterly updates - News Article Northern Ireland : Finegan Gibson Following concerns raised in response to the government's proposals to 'Make Tax Digital' the government has issued a myth buster which hopes to lessen the fears of many regarding the government's proposals for quarterly updates. We...