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Posts Tagged "Tax Planning"

Use it or lose it – getting near to the tax year end

This time of year it is worth looking seriously at using up allowances or bracing yourself for losing the unused allowances. Uncertainty around the next budget makes this a more urgent proposition, but as far as I am aware, much of what is in the press is speculation, pure and simple, with little substance or perhaps a little mischief making….

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Investment is a Risk Business

The press has been busy over the weekend with articles about professional footballers and their more unusual investment and losses. Some of these accusations have spilled into the specialist financial media, as there have been comments over the commissions or fees taken on some of these transactions. From the mainstream press, here are some examples: http://bit.ly/1RI6EnU http://ind.pn/1MjrwhD http://dailym.ai/1PK72TN From the…

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Why Do I Need Pensions Advice?

A recent survey undertaken by money.co.uk found that 59% of people over 55 felt they did not need financial advice for retirement, with 28% believing it was a waste of money. (The original press release is at http://www.money.co.uk/press/half-of-those-making-pension-freedom-withdrawals-will-not-pay-for-advice.htm). As a financial adviser this depresses me as it suggests that we are not getting a clear message over to the public. As…

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A UK Tax Primer (101); Income Tax, slightly beyond the basics

Although the concept of UK income tax is simple enough, the execution can get a bit involved, especially if you do not fit one of the easy categories or you have “complex” tax affairs. In the last 101 article on Income Tax, I emphasised that you need to be sure that the tax code assigned to you was correct.  For…

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A UK Tax Primer (101) – Inheritance Tax; Stuff you should know

It has been said that the only things that are certain in life are birth, death and taxes. Inheritance Tax brings death and taxes together, as your assets on death are recorded, assessed and taxed according to the rules at the time. For most people in the population, Inheritance Tax, (IHT), is ‘voluntary’ as a bit of planning before death…

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A UK Tax Primer (101) – Capital Gains Tax; stuff you should know

Income Tax is paid on money you receive on a regular basis from employment, a contract or a trade or profession you are engaged in. Just because a receipt is a one-off does not mean it is exempt from taxation. Money received from the sale of an asset you have previously received or purchased is taxable under the Capital Gains tax…

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A UK tax primer (101) – stuff you should know! Income Tax

There are a number of things that I believe should be taught in schools and most of these are around personal taxation, simply because I get asked these a lot by prospective clients. Generally, if you do not know how something works, you will struggle to make the best of it. Let us start with Income Tax; this is charged…

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Just who am I dealing with?

There has been a lot in the press recently about avoiding being scammed, the most recent article I have seen was in the Telegraph on Saturday, (http://www.telegraph.co.uk/finance/personalfinance/investing/11544344/How-rogue-financial-advisers-in-Spain-stung-British-pensioners-for-millions.html). This article raises a few issues that need to be considered more carefully. Not all investments are created equally, so far as compensation is concerned if things go wrong. If the company is…

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A very brief Budget commentary

The weekend papers have been full of budget commentary as the last budget before the election was unveiled last Thursday. For most of us in financial services there has been few nasty shocks and certainly nothing as far reaching as the pension freedoms launched last year, but only now coming to fruition. As is usual, it is still too early…

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Two sides of the coin: self-invest or take advice?

Two articles from the press were brought to my attention over this last week; one in the Telegraph on Saturday, March 7th headlined “This year, become your own fund manager” and the second in The Spectator for the same date headlined “The real point of a financial adviser is to save you from yourself”. You can find the original articles…

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