March 2016

  • 0 Replies

    The one that got away: Stamp duty

    The one that got away – HMRC will collect an additional 3% in tax for individuals that already own a property and then purchase a new home. If someone is living in rented accommodation and owns a property that is let to private tenants and they plan to move out of their rented accommodation and […]

    Continue reading
  • 0 Replies

    What we already knew:

    Lifetime allowance:  The pension lifetime allowance is to be cut from £1.25M to £1M with new protection options for those affected.  Pension Annual Allowance cut: The standard £40,000 Annual Allowance will be reduced by £1 for every £2 of ‘income’ clients have over £150,000 in a tax year, until their allowance drops to £10,000. Dividend […]

    Continue reading
  • 0 Replies

    What we know now:

    Lifetime ISA (LISA): The Chancellor unveiled plans to introduce a new Lifetime ISA (LISA) from April 2017.  This is an intended complimentary savings scheme for young savers, not a replacement for traditional pension saving. The aim is to encourage long term saving with the inclusion of a ‘buy four get one free’ bonus, but with […]

    Continue reading