News

  • 0 Replies

    Personal Pension Allowance restriction:

    From the 2016/17 tax year the annual allowance for those earning above £150,000 is to be reduced on a tapering basis so that it reduces to £10,000 for those earning above £210,000. For every £2 of income above £150,000, an individual’s annual allowance will reduce by £1. Both Threshold and Adjusted income need to be […]

    Continue reading
  • 0 Replies

    Lifetime allowance (LTA)

    The Lifetime Allowance will reduce to £1m from the 2016/17 tax year (from £1.25m currently). New transitional protection options will be introduced similar to those introduced when the LTA reduced in 2014. But unlike previous versions of fixed protection, it will not be possible to register for the 2016 version in advance. Registration for the new […]

    Continue reading
  • 0 Replies

    Online fraud: Beware

    We have seen an increase in the amount of fraudulent e-mails requesting monies to be withdrawn from a client accounts. We will only send money to the bank account that you nominated at outset and will always call you to confirm any withdrawal with you before proceeding. Please do take care with any online transactions […]

    Continue reading
  • 0 Replies

    Increased costs for buy-to-lets

    As a result of the Autumn Statement buy-to-let properties will attract an increased stamp duty tax charge of 3%. Details of this are below. These changes are due to come in from 6th April 2016. Stamp Duty Rates (on purchases) Property value Standard rate Buy-to-let/second home rate (April 2016) Up to £125,000 0% 3% £125 […]

    Continue reading
  • 0 Replies

    Carry forward: use it don’t lose it.

    You may have scope to make use of your unused annual pension allowances for the last three tax years. The Government is in the process of consulting on tax relief available on pension contributions and we expect further detail on this to be announced in the forthcoming Budget. Also, some high income individuals will face […]

    Continue reading
  • 0 Replies

    Walk home for Christmas

     SK Financial are kindly supporting WWTW – we will receive a donation for every video post we have of people reading the following quote by Dr Martin Luther King: “If you can’t fly then run, if you can’t run then walk, if you can’t walk then crawl, but whatever you do you have to keep […]

    Continue reading
  • 0 Replies

    New Website – is now here!

    After several years of faithful service, we thought it was finally time to retire the old site. To take a look at our slicker, new and improved.

    Continue reading
  • 0 Replies

    Upcoming changes to the Financial Services Compensation Scheme (FSCS)

    The protection limit for money held in banks, building societies and/or credit unions is reducing from £85,000 to £75,000. These changes will take effect on 1 January 2016, so there’s no need for any immediate change.

    Continue reading
  • 0 Replies

    Fidelity Funds Network

    We have agreed discounted terms with Fidelity Funds Network.
    If you have are an existing client already invested with Funds Network, be it Investments (including ISAs) or Pensions, you may now pay a lower fee.

    Continue reading
  • 0 Replies

    Tax Relief – all change?

    The government wants to make sure that the right incentives are in place to encourage saving into pensions.

    Continue reading